• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, July 17, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Infosys Launches Blockchain Platform for Banks

by Chinmay Bidkar
April 27, 2016
in News
Reading Time: 2 mins read
0
Infosys Launches Blockchain Platform for Banks
TwitterWhatsappLinkedin

Infosys-ep-L

You might also like

Zuckerberg Says Autonomy and Compute Power, Not Pay, Attracts Top AI Talent to Meta

Apple Reportedly Taps Samsung Display for First Foldable iPhone Screens

iPhone 17 Air May Feature Titanium Frame, Unlike the iPhone 17 Pro

 

27 April 2016, USA :

Infosys will become the latest IT services giant to announce the introduction of a blockchain offering through its EdgeVerve Systems subsidiary today at its Infosys Confluence conference in San Francisco.

Blockchain is like a huge, decentralised ledger for bitcoin (digital currency) that records every transaction and stores this information on a global network so it cannot be tampered with.

Infosys said the EdgeVerve Blockchain is a permissioned environment, with an API layer that allows custom versions of the technology to be deployed, depending on the use case, country and jurisdiction. As well as payments and trade finance, the technology can be applied to invoice processing, digital vaults and syndicated loans.

Andy Dey, president, customer and operations, EdgeVerve, said: “Blockchain can offer significant opportunities to modernize legacy processes, reduce costs as well as improve operational efficiency and authenticity of transaction data. At EdgeVerve, we are making significant investments in this space that includes our research facility in Ireland and important financial industry partnerships. Several of the world’s leading financial institutions are already collaborating with us to build blockchain powered banking applications and networks.”

For India’s largest software firms, betting on futuristic areas of financial technology is even more important, given that large banks and financial services organizations such as Citigroup, Bank of America, Goldman Sachs and JPMorgan Chase are among the largest customers for India’s $160-billion IT industry and contribute well over 40% of the sector’s revenues.

 

Blockchain-Logo-Blue6

 

Banks and other financial institutions are increasingly investing in blockchain technology as it cuts their costs and make their operations faster and more transparent. Infosys said it is in discussion with over 10 institutions globally for deploying the solution.

Image : financialexpress.com

 

 

Tags: Andy DeybitcoinblockchainEdgeVerveInfosysIT Services
Tweet54SendShare15
Previous Post

Microsoft Purchase Synthetic DNA from Twist Bioscience

Next Post

Court Finds Amazon Liable for Unauthorized In-app Charges

Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

Recommended For You

Zuckerberg Says Autonomy and Compute Power, Not Pay, Attracts Top AI Talent to Meta

by Anochie Esther
July 17, 2025
0
Zuckerberg

Meta CEO Mark Zuckerberg has pushed back against swirling reports of extravagant compensation packages being the primary reason for top AI researchers joining the tech giant. In an...

Read more

Apple Reportedly Taps Samsung Display for First Foldable iPhone Screens

by Anochie Esther
July 17, 2025
0
Foldable iPhone

In a bold but calculated move, Apple is turning to Samsung Display Co. (SDC) the world’s leader in flexible screen technology to supply crease-free foldable displays for its...

Read more

iPhone 17 Air May Feature Titanium Frame, Unlike the iPhone 17 Pro

by Anochie Esther
July 17, 2025
0
iPhone 17 Air

Apple is once again poised to shake up the materials used in its flagship devices, with new reports suggesting that the upcoming iPhone 17 Air will sport a...

Read more
Next Post
Court Finds Amazon Liable for Unauthorized In-app Charges

Court Finds Amazon Liable for Unauthorized In-app Charges

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?