Bangalore, India - September 13, 2017:
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced 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.
Brian Behlendorf, Executive Director, Hyperledger said, “We are excited to welcome Wipro to the Hyperledger community. Wipro brings industry-acknowledged blockchain advisory and consulting capabilities, coupled with industry solutions for specific use cases and a strong partner ecosystem to help client businesses innovate on blockchain. We look forward to Wipro’s active contribution in the Hyperledger community to share insights on blockchain use cases, technology frameworks, tools & standards, and thought leadership.”
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.
Krishnakumar N Menon, Vice President, Service Transformation, Wipro Limited said, “We are excited about joining Hyperledger and look forward to working closely with the Hyperledger community to catalyze blockchain adoption for global enterprises. Our customers are increasingly looking at Hyperledger to build enterprise-grade blockchain solutions for specific industry use-cases. Additionally, Wipro's open source services, expertise and solutions add value to our Hyperledger-based blockchain offerings. We look forward to investing in crowdsourced innovation and open collaboration as part of our efforts in the Hyperledger community.”
Wipro has identified blockchain as one of the strategic client themes to drive digital innovations and transformation across the enterprise. Wipro’s thought-to-finish blockchain offerings cover advisory and consulting, Blockchain Innovation Lab (as a service), blockchain application development and constructing blockchain networks. As part of the Wipro’s Blockchain CoE (Center of Excellence), Wipro develops industry solutions, blockchain assets & frameworks and an IP portfolio. Wipro helps clients experiment, deploy proof-of-concepts on blockchain technologies, and incrementally expand to scale-to-production releases. Click here to know more.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks 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 forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.