Infibeam Avenues, which is Indian largest e-commerce and payments solutions provider has now partnered with the Bangalore headquartered IT services company IBM to develop, implement, and promote blockchain capabilities on the LinuxOne platform in India.
“This will be a first of its kind in India on LinuxONE, and Infibeam will utilize this opportunity for delivering multiple services across industry verticals on their upcoming state-of-the-art Cloud Datacenter in GIFT City, Gandhinagar,” the company said in a stock-exchange filing.
IBM has been spearheading many of the blockchain projects in India and across the globe. Before that, the company had said that it was working on more than 400 blockchain projects with the 63 customers like the Nestle, Walmart, and Maersk.
In the month of August, Maersk has revealed that more than 94 companies and organizations had joined a blockchain platform that it is developed by the IBM. The project is mainly aimed at boosting the efficiency and limiting the enormous paper trail of the global container across the shipping industry.
In the month of April, IBM partnered with the gold and diamond consortium for a blockchain project that will be going to trace as the finished pieces from the mine right to the jewelry store. As this will going to help the customers see whether the product includes the conflicts metals and blood diamonds. The private blockchain called TrustChain will also initially track the six styles of diamond engagement and gold engagement rings. Some of the TrustChain Jewelry will be available to the customers by the end of 2018, IBM revealed.
IBM is also helping Walmart put its food suppliers on the blockchain, according to a Bloomberg report.