Indian Tech giant Tech Mahindra announced on 2 May 2019 the successful deployment of an innovative method to block spam calls using Blockchain technology for the telecom sector in India. This will directly impact about 300 million mobile subscribers who are fighting with the problem of spam calls in their daily lives.
According to the latest press release, Tech Mahindra Ltd. will leverage Blockchain technology to fight the spam calls which is one of the major problems in the Indian telecom industry in compliance with the regulations & guidelines of TRAI (Telecom Regulatory Authority of India).
The main objective of this model is to reduce the issue of unsolicited commercial communication (UCC) or spam calls.
Last year in August, Tech Mahindra announced the collaboration with Microsoft to build a robust ecosystem using Distributed Ledger Technology (DLT) to fight spam calls
Tech Mahindra also demonstrates Blockchain capabilities in diverse sectors including Telecom, Manufacturing, Hi-Tech Industries, and Financial Services
In 2018, Tech Mahindra designed the Blockchain solution, constituting more than 25% of the Indian market share, in compliance with the regulations and guidelines of TRAI (Telecom Regulatory Authority of India) in order to enable Telecom providers to prevent unauthorized access of their subscribers’ data.
Further, Tech Mahindra is also demonstrating Blockchain capabilities in diverse sectors including Telecom, Manufacturing, Hi-Tech Industries, and Financial Services. For example, in the finance sector, it has conceived a solution for one of the largest public sector banks in India to provide a rigid record of audit transactions and enable a single view of transaction data from multiple systems on the blockchain.
Addressing the organization’s acceleration in the Blockchain vertical, Rajesh Dhuddu, Global Practice Leader, Blockchain, Tech Mahindra, said,
“Blockchain is a focus for corporates and government alike and is expected to be a trillion-dollar market by 2030. With the concerted and coordinated efforts by the Indian government and the industry backed by appropriate regulation, India can continue to sustain and enhance its leadership position in Blockchain technology. At Tech Mahindra, we are betting big on Blockchain as part of our TechMNxt charter, to deliver tangible business value and empower our customers to provide a completely differentiated experience to their end customers”.
As per the news, Tech Mahindra is also investing a good amount of money and time in new technologies like Blockchain to resolve the customer’s issues and new needs. This also is done under TechMNxt charter.
Tech Mahindra is already working on a holistic framework called Block Ecosystem that comprises of various levers; Block Studio, Block Engage, Block Talks, Block Geeks, Block Accelerate, Block Access & Block Value, which create industry-leading applications that are architected on innovation and human excellence to unlock significant value for all stakeholders.
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