MUMBAI: Clients of IBM TCS and Wipro are starting to use blockchain solutions of these big technology firms in live projects, in a shift away from using them for proof of concept or pilot projects.These technology leaders have patented and developed blockchain services for the banking, financial services and insurance (BFSI), telecom and energy verticals, in a bid to capture a share of the increased spending in blockchain technology.The shift to live blockchain projects comes after clients realised blockchain technology’s capability. “Organisations have matured in their understanding of blockchain through education and experimenting with PoCs (proofs of concept) …There is a change in culture where organisations want to move on from PoCs to working pilots,” said Jitan Chandanani, blockchain offerings and engagement leader at IBM India/South Asia.IBM has seen success in projects heading up to large-scale production. “The maturity on the client side has gone up,” said Krishnakumar N Menon, vice-president - service transformation and blockchain theme leader, Wipro. “Interoperability of blockchain solutions is important, integration with existing systems is important – our solutions address all these aspects… Still, people out there are struggling in ‘how do I make things live’ and we have the best track record of making blockchain solutions live,” N Ganapathy Subramaniam, the chief operating officer of TCS, told ET. “I think blockchain will be the smaller segment… I still don’t think it’s large enough to really move the ticker.”

Source: Economic Times July 17, 2019 00:33 UTC