Tech Mahindra Partners i2Chain To Secure Customer Data Using Blockchain

India’s leading tech firm Tech Mahindra announced a strategic collaboration with i2Chain Inc., a San Francisco-based startup,  to secure customer information and data assets by using next-gen technologies.

Through this partnership, Tech Mahindra and i2Chain will offer a blockchain-based cybersecurity application to customers that is easy to use and provides information owners with an unprecedented level of control as to how, when and where other users can access their information, with the potential to substantially reduce the frequency and costs of security incidents.

It enables enterprises and users to secure, share and transact with integrity and confidence, and is fully GDPR (General Data Protection Regulation) compliant.  The application also makes “chained” information and identity tamperproof, and records all actions taken against a file in an immutable blockchain, fully accessible to support audits and forensics.

“The size and volume of data enabled with the advent of 5G networks presents a challenge for enterprises to provide cost effective data security at the speed of business. I am excited to see that i2Chain can be leveraged as a strategic tool to secure high speed and high-volume information transactions especially in highly regulated industries including Finance, Media & Telecom, and Healthcare,” said Vivek Agarwal, Head of Corporate Development and Portfolio Companies, Tech Mahindra.

Tech Mahindra will also provide consulting and other professional services, for the planning, deployment and ongoing support of the application to the users.

Ajay Jotwani, Cofounder and CEO, i2Chain, said, “We are delighted to partner with Tech Mahindra, a Forbes Top 100 Digital Company, with a sterling reputation for service, innovation and technology leadership. We are very excited about the solution we can offer to our mutual clients to help them secure information end-to-end while taking a very positive step into blockchain-based solutions for their businesses.”

As part of the TechMNxt charter, Tech Mahindra is betting big on next gen technologies like Blockchain, Cybersecurity, Artificial Intelligence, Machine Learning, 5G, Internet of Things (IoT), Robotics, and Analytics. Tech Mahindra is also collaborating and creating a disruptive and innovation-led ecosystem with some of the finest start-ups and academia, and drawing from the millennial workforce to create cutting-edge technology solutions and services for its customers.

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