Thursday, Mar 28 2024 | Time 14:54 Hrs(IST)
image
Business Economy


Ramco Systems and XinFin Join Forces in Singapore to Devetop Hybrid Blockchain Solution for Enterprises

Mumbai, Feb 14 (UNI) Global enterprise software specialist, Ramco Systems and Singapore-based open-source blockchain developer XinFin FinTech will join forces in Singapore to build breakthrough hybrid blockchain solutions that combine features of public and private networks to provide secure and rapid transactions for the aviation, logistics and human resources industries.
Both companies 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.
Besides, 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 from 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.
UNI JS NV1543
More News

GOCL signs MoU with Squarespace Builders

28 Mar 2024 | 12:00 AM

Hyderabad, Mar 27 (UNI) GOCL Corporation Limited (GOCL), a Hinduja Group company, on Wednesday said it has entered into a significant memorandum of understanding (MoU) with Squarespace Builders Private Limited, situated in Hyderabad, to initiate the strategic monetisation of around 264.50 acres of prime land located in Kukatpally.

see more..

CSIR-NIIST develops tech for biomedical waste disposal

27 Mar 2024 | 7:57 PM

Thiruvananthapuram, Mar 27 (UNI) In a first in the country, the CSIR-National Institute for Interdisciplinary Science and Technology (CSIR-NIIST) has developed an innovative technology for safe, sustainable and cost-effective management of biomedical waste.

see more..

Cyient partners with Deutsche Aircraft for design of rear fuselage section of D328eco

27 Mar 2024 | 7:54 PM

Hyderabad, Mar 27 (UNI) Cyient, a global Intelligent Engineering and Technology Solutions company, announced on Wednesday a strategic partnership with Deutsche Aircraft, a German original equipment manufacturer (OEM) located in Weßling, close to Munich.

see more..

Unicommerce launches AI tool UniGPT for e-commerce businesses

27 Mar 2024 | 7:22 PM

Kolkata, Mar 27 (UNI) Unicommerce, one of India’s leading e-commerce enablement SaaS platforms, has announced the launch of its pilot project, UniGPT.

see more..

Kottayam-Kochi Rubber Market rates

27 Mar 2024 | 5:42 PM

Kottayam, Mar 27 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Wednesday per quintal.

see more..
image