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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Tech Mahindra Limited    TECHM   INE669C01036

TECH MAHINDRA LIMITED

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Tech Mahindra : and Nucleus Vision Announce a Strategic Partnership to Implement Blockchain in Retail and Telco Space

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08/03/2018 | 04:01pm EDT

Hyderabad - August 3, 2018: Tech Mahindra, a leading provider of digital transformation, consulting and business re-engineering services and solutions announced a strategic partnership with Nucleus.Vision (NV), India's biggest blockchain company, at the International Blockchain Congress, (IBC), at Hyderabad. Tech Mahindra will provide the technology expertise to broaden Nucleus.Vision's business reach, and will leverage its telecom affiliates to promote the offering at a global level. This strategic partnership marks the beginning of Nucleus.Vision's global expansion strategy and Tech Mahindra's foray into the blockchain market.

Founded in 2014, Nucleus.Vision has made great inroads in the Indian retail market with this new technology, an Internet of Things (IoT) and Blockchain (BC) based customer identification platform - ION which is being implemented for the first time in India. NV has already on boarded marquee retail clients such as Tata Croma, Shoppers Stop, Future Group, Bestselller, Globus and several others on pilot projects.

Nucleus.Vision is one of the few companies in the blockchain space offering this technology, which allows brick-n-mortar retailers to identify any customer who walks into a store, in real-time, using Nucleus' proprietary (patent pending) sensor technology. ION sensors do not depend on any RFID, WiFi or Bluetooth, or even facial recognition technologies to operate. Nucleus empowers retail stores with the intelligence layer of customer data that was till date only limited to online e-commerce experiences.

CP Gurnani, CEO & MD, Tech Mahindra said, 'We are happy to announce a robust collaboration with Nucleus Vision to foster innovation and growth in the Blockchain space. This collaboration is a testimony of Tech Mahindra's commitment to enable, guide and support start-ups and companies leveraging next gen technologies. The aim of this partnership is to harness Blockchain led innovation, and to channelize it globally, by giving access to our vast and expansive customer ecosystem.'

Abhishek Pitti, CEO, Nucleus Vision said, 'Our product is highly customisable and has use cases across several verticals. We have proven its use and benefit in the retail space, and by having this partnership with Tech Mahindra, we will be reaching out to a vast and global network. Their global telecom affiliate partnerships is perhaps one of the biggest networks in the world, and this partnership will enrich the overall Nucleus Vision ecosystem in a phenomenal way.'

About Nucleus Vision

Founded in 2014 at Harvard University, Nucleus.Vision is an end-to-end technology solution provider that captures and provides previously inaccessible data to retailers and other 'brick and mortar' businesses through blockchain and real time sensor technology. Nucleus.Vision (formerly known as BellBoi Inc.) is backed by Tim Draper, Reliance Capital, IndusAge Partners and several other prominent industry players. Nucleus.Vision has offices in San Francisco, USA, and Hyderabad, India.

In India, Nucleus.Vision has been working with several state governments, like Telangana, Assam and Goa to foster mainstream blockchain adoption in India. Nucleus is also working with government bodies like NITI AAYOG, ICRISAT etc. by helping them explore areas where they can leverage the power of blockchain.

For more information on Tech Mahindra, please contact

Tuhina Pandey, Global Corporate Communications
Email: Tuhina.Pandey@TechMahindra.com

For more information on Nucleus Vision, please contact

Concept PR
Mrinal | 9000933600 | mrinal@conceptpr.com
Hari | 9618883774 | hariprasad@conceptpr.com

Disclaimer

Tech Mahindra Limited published this content on 03 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 August 2018 20:00:03 UTC

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Chander Prakash Gurnani Chief Executive Officer & Managing Director
L. Ravichandran President & Chief Operating Officer
Anand Gopal Mahindra Non-Executive Chairman
Manoj Bhat Chief Financial Officer
Meleveetil Damodaran Independent Non-Executive Director
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