Wipro Joins Enterprise Ethereum Alliance as Founding Member to Develop Enterprise-Grade Blockchain Solutions
May 04 2017 - 9:00AM
Business Wire
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading
global information technology, consulting and business process
services company has joined the Enterprise Ethereum Alliance (EEA)
as a founding member. EEA is a collaboration of enterprises to
promote, develop and implement enterprise grade Ethereum-based
blockchain applications across industries for specific business use
cases.
Ethereum is an open-source, blockchain-based distributed
computing platform, featuring smart contract functionality. The EEA
seeks to augment Ethereum adoption as an enterprise-grade
technology, with research and development focused on privacy,
confidentiality, scalability and security.
Wipro has been actively working on Ethereum to develop
enterprise blockchain-based industry solutions and assets on a
number of industry use cases. These solutions include Delivery
versus Payments (DvP) settlement for securities and capital
markets, skip-trace consortia for banking, peer-to-peer (P2P)
insurance for the sharing economy, anti-counterfeit solution for
supply chain traceability and many more.
Jeremy Millar, founder of Enterprise Ethereum, said, "The
EEA benefits from a diverse, yet enterprise-focused membership
base. Wipro brings a global perspective on IT strategy and
operations to this alliance. We are very pleased to have Wipro as a
member as we launch the Enterprise Ethereum Alliance."
“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. Enterprise Ethereum is a great way to fast-track
enterprise adoption and Ethereum is one of the fastest growing
technology platforms used by our clients for developing and
deploying enterprise blockchain,” said Krishnakumar N Menon,
Vice President, Service Transformation, Wipro Limited.
“Enterprise Ethereum Alliance also fosters collaboration within the
emerging community of blockchain developers. We look forward to
working actively with the members of this alliance to shape the
blockchain adoption by enterprises.”
“It’s great to have Wipro as a founding member of the Enterprise
Ethereum Alliance. Having organizations like Wipro driving
purpose-built solutions and accelerating innovation for businesses,
adds significant credibility to the Enterprise Ethereum ecosystem,”
said Marley Gray, Principal Blockchain Architect,
Microsoft.
Wipro’s Blockchain Innovation Lab, which is part of its
Blockchain COE (Center of Excellence), fast tracks the provisioning
of blockchain environments to build use-case specific blockchain
industry solutions. The COE focus is to enable client businesses
innovate and to stay in tune with the emerging technology trends in
blockchain by conducting proof of technology experiments around
areas like scalability, performance and security of blockchain
platforms. To enable enterprise level talent development on
blockchain technologies like Enterprise Ethereum, Wipro has also
created a Blockchain Academy to build in-house competency through a
multi-level program.
To know more about blockchain at Wipro, click here.
About Wipro Limited.Wipro Limited (NYSE: WIT, BSE:
507685, NSE: WIPRO) is a leading information technology, consulting
and business process services company that delivers solutions to
enable its clients do business better. Wipro delivers winning
business outcomes through its deep industry experience and a 360
degree view of “Business through Technology.” By combining digital
strategy, customer centric design, advanced analytics and product
engineering approach, Wipro helps its clients create successful and
adaptive businesses. A company recognized globally for its
comprehensive portfolio of services, strong commitment to
sustainability and good corporate citizenship, Wipro has a
dedicated workforce of over 170,000, serving clients across 6
continents. For more information, please visit www.wipro.com.
Forward-looking and Cautionary StatementsCertain
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are forward-looking statements, which involve a number of risks,
and uncertainties that could cause actual results to differ
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and uncertainties relating to these statements include, but are not
limited to, risks and uncertainties regarding fluctuations in our
earnings, revenue and profits, our ability to generate and manage
growth, intense competition in IT services, our ability to maintain
our cost advantage, wage increases in India, our ability to attract
and retain highly skilled professionals, time and cost overruns on
fixed-price, fixed-time frame contracts, client concentration,
restrictions on immigration, our ability to manage our
international operations, reduced demand for technology in our key
focus areas, disruptions in telecommunication networks, our ability
to successfully complete and integrate potential acquisitions,
liability for damages on our service contracts, the success of the
companies in which we make strategic investments, withdrawal of
fiscal governmental incentives, political instability, war, legal
restrictions on raising capital or acquiring companies outside
India, unauthorized use of our intellectual property, and general
economic conditions affecting our business and industry. Additional
risks that could affect our future operating results are more fully
described in our filings with the United States Securities and
Exchange Commission. These filings are available at www.sec.gov. We
may, from time to time, make additional written and oral
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company’s filings with the Securities and Exchange Commission and
our reports to shareholders. We do not undertake to update any
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Wipro LimitedPrathibha Dasprathibha.das@wipro.com
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