Bengaluru: Infosys today announced the launch of three blockchain-powered distributed applications for government services, insurance, and supply chain management domains. These applications designed as ready-to-subscribe business networks ensure quick deployment, interoperability across disparate systems of value chain stakeholders, and a wide variety of use cases involving other digital technologies like IoT and Analytics as well, said the company in a Press communication.
According to Infosys, it’s Blockchain Distributed Applications are equipped with predictive ROI analytics for business investments that can be tailored to meet industry-specific needs, and enterprises can capitalize on blockchain’s benefits of trust, immutability, and transparency to develop an inter-organizational conduit for strengthening their core business processes across multiple value chain partners having disparate IT systems.
Infosys says it’s Government Services Distributed Application enables various government organizations to establish inter-departmental interaction – collaboration, data sharing, network transparency, and defined workflows – to fulfill citizen-centric service requests through a single window.
The IT giant says it’s Supply Chain Distributed Application leverages the Infosys Blockchain platform to offer solutions for a plethora of inbound & outbound logistics and distribution activities. The application can be integrated with existing systems and IoT devices while ensuring round-the-clock transaction security between various stakeholders within a supply chain.
The company also explained that it’s Insurance Distributed Application is designed to aid insurance companies in the areas of policy administration, claims handling, multiparty negotiation, usage-based policy pricing, and parametric insurance activities. This modular, scalable, and customizable application can be integrated with existing enterprise systems and IoT networks.
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