Wipro Limited, a leading global information technology firm has said that it has joined Hyperledger to design and develop open source-based blockchain solutions for enterprise-grade blockchain deployments.
Hyperledger is a global open source collaborative effort created to advance cross-industry blockchain technologies across sectors such as finance, banking, Internet of Things, supply chain, manufacturing and technology.
Global customers are increasingly looking at Hyperledger to build enterprise-grade blockchain solutions for specific industry use cases. Hyperledger Fabric is a blockchain framework implementation that acts as a foundation for developing applications or solutions with a modular architecture.
“Wipro’s Blockchain Innovation Lab has developed several industry solutions on Hyperledger Fabric such as Tri-party collateral management, Air worthiness certificate tracking, Trade Finance and Loyalty Rewards Management. Wipro is also developing technology competency on Hyperledger through internal bootcamps and partner-led training sessions,” the company said in a filing to the Bombay Stock Exchange.
Meanwhile, shares of the company were trading at Rs 284.70 apiece, down 3.83 per cent from the previous close at 09:27 hours on BSE.