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Sunday, May 16, 2021
Home News Wipro Joins Enterprise Ethereum Alliance to Develop Enterprise-Grade Blockchain Solutions

Wipro Joins Enterprise Ethereum Alliance to Develop Enterprise-Grade Blockchain Solutions

Wipro has joined the Enterprise Ethereum Alliance (EEA) as a founding member. The EEA is founded to promote, develop and implement enterprise grade Ethereum-based Blockchain applications.

Bengaluru-headquartered Wipro has been actively contributing to Ethereum. The open source platform features Blockchain-based computing with smart contract functionality.

“We are excited to be a part of the founding team of the Enterprise Ethereum Alliance and contribute towards key aspects such as security, privacy and scalability as they will be the key determinants in accelerating Blockchain adoption within enterprises,” said Krishnakumar N Menon, vice president of service transformation, Wipro Limited, in a joint statement.

Wipro’s research and development on Ethereum will emphasis more on privacy, scalability, confidentiality and security. The solution also enables the development of Blockchain-based industry solutions such as Delivery versus Payments (DvP) settlement for securities and capital markets, skip-trace consortia for banking, peer-to-peer (P2P) insurance for the sharing economy and anti-counterfeit solution for supply chain traceability.

“It is great to have Wipro as a founding member of the Enterprise Ethereum Alliance,” said Marley Gray, principal Blockchain architect, Microsoft.

In addition to the in-house developments, Ethereum is being used by Wipro client companies. The Indian IT giant has also established the Blockchain Innovation Lab as part of its Blockchain COE (Center of Excellence) to support the advanced developments. The lab has been founded to build use-case specific Blockchain solutions.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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