[2016-12-01] ET: Mahindra drops the coin on blockchain to manage books

[polynesia]

Mahindra drops the coin on blockchain to manage books

http://economictimes.indiatimes.com/small-biz/security-tech/technology/mahindra-drops-the-coin-on-blockchain-to-manage-books/articleshow/55718325.cms

The Mahindra Group has begun using blockchain to improve its supply chain finance business and, by the end of next year, hopes to introduce the technology to other parts of its business.

Blockchain -the technological backbone of cryptocurrency Bitcoin -allows the creation of ledgers that are virtually impossible to tamper.

"We have a digital team and about 11 months ago, we created a subset of that team, to look at blockchain.We have about five use-cases for this, but we decided to pilot it with supply chain finance," Anish Shah, Group President of Strategy for the Mahindra Group, told ET.

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[zahra4577]

Blockchain adoption is a good move but I dont think it will lead to adoption of bitcoin.But it will definitely bring btc to limelight

[polynesia]

Blockchain adoption is a good move but I dont think it will lead to adoption of bitcoin.But it will definitely bring btc to limelight

Companies are very clear that they are adopting blockchain and not Bitcoin. In this case, there is no question of using bitcoin, because this relates to reconciliation of supply chain records.

In any case, this story received a lot of media attention.

http://www.business-standard.com/article/companies/mahindra-group-ibm-to-develop-blockchain-solution-for-supply-chain-finance-116113000487_1.html
http://www.livemint.com/Industry/GQAWZEr02WQ6ktiSpBHpKI/Mahindra-and-IBM-to-develop-blockchain-solution-for-supply-c.html
http://auto.economictimes.indiatimes.com/news/auto-finance/mahindra-ibm-eases-supplier-to-manufacturer-transactions/55706286