Tata Consultancy Services has partnered with LACChain to develop a blockchain ecosystem across Latin America and Caribbean Islands.

LACChain is an initiative led by IDB Lab, the innovation laboratory of the Inter-American Development Bank Group. At 10:25 am, TCS shares were trading at ₹ 3,203.95, higher by ₹ 45 or 1.45 per cent, on the BSE.

“TCS will leverage its deep domain knowledge across industry verticals, technological expertise, and research and innovation to create a marketplace of blockchain solutions in healthcare, energy, education and financial services,” TCS said in a regulatory filing to the stock exchanges.

Anupam Singhal, Business Head, Banking and Financial Services, TCS, said:

“Our purpose-led approach, powered by our investments in research and innovation, ability to successfully leverage ecosystems and harness contextual knowledge, makes us the preferred partner to Inter-American Development Bank, in creating a positive impact in our society. The partnership serves a greater purpose of social and economic development in the region.”


Source NDTV