Dec 12: Mumbai-based Larsen & Toubro Infotech Ltd (LTI), a global technology consulting and digital solutions company, on Tuesday announced the availability of its blockchain-based trade finance solution on Microsoft Azure marketplace.
According to the company, the solution tracks the flow of goods in a value chain, improving transparency across multiple entities involved. It enables accelerated adoption of distributed ledger technologies by bringing together LTI’s deep industry knowledge and blockchain capabilities together with Microsoft’s expertise in cloud-based solutions, the company said.
Commenting on the development, Aftab Ullah, Chief Operating Officer, LTI said, “our vision is to deliver exponential operational efficiencies to the world’s leading companies through digital innovation. LTI’s Blockchain services include end-to-end consulting and implementation and are designed to help transform our clients’ business operations. The collaboration with Microsoft will accelerate our ability to deliver these services on Cloud.”
According to Ausaf Ahmad, global blockchain solutions lead, One Commercial Partner, Microsoft, “Blockchain has the potential to significantly transform business by providing organizations a way to speed transactions, digitally track assets and streamline complex business processes. By using Microsoft Azure Blockchain technology, LTI and its clients can focus on accelerating real-world blockchain-based application deployment.”
LTI’s Blockchain practice works with global clients across industries to build solutions in areas of trade finance, payments, KYC, insurance & supply chain among others.