Microsoft Azure powered Blockchain Solution to be offered by LTI

Larsen & Toubro Infotech has announced the availability of its blockchain-based trade finance solution on Microsoft Azure marketplace.

The solution tracks the flow of goods in a value chain, improving transparency across multiple entities involved. It enables accelerated adoption of distributed ledger technologies by bringing together LTI’s deep industry knowledge and blockchain capabilities together with Microsoft’s expertise in cloud-based solutions.

Aftab Ullah, Chief Operating Officer, LTI, said, "Our vision is to deliver exponential operational efficiencies to the world’s leading companies through digital innovation. LTI’s Blockchain services include end-to-end consulting and implementation and are designed to help transform our clients’ business operations. The collaboration with Microsoft will accelerate our ability to deliver these services on Cloud.”

Ausaf Ahmad, global blockchain solutions lead, One Commercial Partner, Microsoft, comments, “Blockchain has the potential to significantly transform business by providing organizations a way to speed transactions, digitally track assets and streamline complex business processes. By using Microsoft Azure Blockchain technology, LTI and its clients can focus on accelerating real-world blockchain-based application deployment.”

LTI’s Blockchain practice works with global clients across industries to build solutions in areas of trade finance, payments, KYC, insurance and supply chain, among others. HfS Research has ranked LTI as High Performer in the HfS Blueprint 2017 Enterprise Blockchain Services Report.