IT services and solutions provider Mphasis has today unveiled its Centre of Excellence for blockchain-based solutions at its Bangalore headquarters. This dedicated lab will conduct research, rapid prototyping, co-creation of use cases and IP creation on blockchain technology and platforms. The Centre of Excellence launched a blockchain solution framework to facilitate enterprises to swiftly adopt and on-board blockchain based solutions and services. The Mphasis Centre of Excellence for Blockchain technologies will be headed by Nitin Narkhede, Vice President and Head of Service Innovation.
In line with Mphasis’ hyper-specialization strategy, this Blockchain Centre of Excellence will initially develop solutions for the Mortgage, Insurance and Payment industries on private blockchain. Mphasis’ blockchain framework collates applications, data & routing layer and enablers their interface with public blockchains. The data and routing layer is the core of this framework, designed to help organizations organize and publish millions of cryptographic proofs on blockchains. The enablers will help accelerate the process of deploying various solutions, reducing the complexity of on-boarding and operating costs for adopting blockchain technology.