Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
21 November, 2018 19:32 IST
Ramco Systems partners with XinFin FinTech in Singapore
Source: IRIS | 14 Feb, 2018, 12.30PM
Comments  |  Post Comment

Ramco Svstems and Singapore-based open-source blockchain developer XinFin FinTech Pte Ltd will use the latter's proprietary XDC01 distributed ledger protocol to build a new architecture based on Ramco's software solutions for the three sectors and help provide blockchain led solutions to Ramco's 500+ global enterprise clients.

Both companies will work on the hybrid blockchain solutions out of Ramco's innovation lab in Singapore. Backed by Singapore's Economic Development Board and launched in 2016, the lab focuses on disruptive applications across multiple industries.

The collaboration will lead to a set of distributed ledgers which can prevent users frorn sending tokens to incompatible networks or non-existent addresses - a current problem facing the fast-growing blockchain industry. The new architecture will also reduce congestion of blockchain networks which inhibit security, speed and scalability.

Virender Aggarwal, GEO, Ramco Systems, (Q,N,C,F)* said, "At our innovation lab in Singapore, we focus on building prototype use cases to solve real-life business problems. From Hololens to bots and face APls to blockchain, we have been investing in next-gen technologies that will redefine the way enterprise applications are used. Our partnership with XinFin will be key to realizing the full potential of blockchain technology in logistics, HR and aviation."

Shares of the company gained Rs 12.65, or 2.81%, to trade at Rs 462.90. The total volume of shares traded was 2,197 at the BSE (12.20 p.m., Wednesday).



Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Dr. Reddy's Laboratories gets favourable decision in patent litigation in US court - 21-Nov-2018 09:38
Rajesh Exports bags export order worth Rs 9.33 bn - 21-Nov-2018 09:27
Gayatri Projects declared as lowest bidder for project worth Rs 1.62 bn - 20-Nov-2018 14:55
Ramco Systems wins contract from leading casino and resorts provider - 20-Nov-2018 14:52
Zydus Cadila receives tentative approval for Deferasirox tablets - 20-Nov-2018 14:49
Kridhan Infra arm wins orders worth Rs 1.95 bn - 20-Nov-2018 09:35
Glenmark Pharma receives approval for Azelaic acid gel - 20-Nov-2018 09:31
TCS partners with SAP to build intelligent rail digital maintenance solution - 20-Nov-2018 09:27
Vikas Ecotech to explore strategic inorganic growth opportunity - 19-Nov-2018 09:54
Zydus receives final approval from USFDA for Abacavir & Lamivudine Tablets and Fondaparinux Sodium Injection - 19-Nov-2018 09:51
Infosys starts construction of U.S education center in Indianapolis - 19-Nov-2018 09:41
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer