Tech Mahindra has joined hands with Netherlands-based innovative Blockchain technology application incubator, Quantoz to offer Blockchain-as-a-Service for secure digital payments. Quantoz will leverage Tech Mahindra's extensive experience and reach to offer the Quasar drive platform as a key tool to drive digital transformation for clients.
This disruptive solution, Quasar, will also enable the integration of currencies like the US Dollar or Euro, and legacy systems. Further, it will enable instant, irreversible digital cash payments among enterprises, people and devices.
Through Blockchain technology, companies can create an irrevocable digital ledger of transactions. Since this technology removes the need for a central authority to manage transactions, the dealings will be highly secure and impenetrable for hackers.
Tech Mahindra has already successfully deployed production-grade Quasar Drive at its research and development arm, Makers Lab in India and the United States to enable customers to immediately pilot with any connected product.