Express Computer
Home  »  News  »  Tech Mahindra to roll out 5G pilot projects next month; hopes to generate $100 mn from Blockchain revenue

Tech Mahindra to roll out 5G pilot projects next month; hopes to generate $100 mn from Blockchain revenue

0 298

Tech Mahindra expects to launch about five pilot projects on 5G services by next month and execute big projects on the new generation network from next financial year onwards, said a top executive of the IT giant. C P Gurnani, CEO and Managing Director, Tech Mahindra also said the company hopes to garner over US$ 100 million as revenues from Blockchain technology during the current fiscal.

“My personal belief is that by September we would launch. Tech Mahindra will be launching its complete service offerings along with its partners. We expect within this financial year to do about five 5G trials and hopefully in the financial year, starting April 1 2019, we will be executing some big projects,” he said.

A senior official of Tech Mahindra had earlier said they had set up an innovation lab powered by Intel architecture to accelerate 5G roll out in India. The Centre constituted a high-level committee last year, comprising secretaries of the Telecom Department, IT and Electronics Ministry and Science and Technology Department, to work out the vision, mission and goals for India’s 5G ambitions and prepare a road map and action plan for the same. Telecom industry body COAI has said auction of spectrum for 5G services should happen only around the second half of 2019 as it would offer telcos better visibility into market dynamics and potential revenue streams of the next-generation mobile services.

“My (Tech Mahindra’s) appetite is very large and the opportunity of 5G is very large,” Gurnani said. Tech Mahindra has been offering services to its clients using Blockchain technology, the official said, adding that they started focusing on the emerging technology for the past three years and implemented solutions, mainly for government and banking customers.

“It started happening. By the year end I would think is that it will become significant ( revenues) by my standards. That means I am talking of US$ 100 million plus. By somebody else’s standards it may not be significant. We are in over 90 countries. Tech Mahindra is going to spend a lot of its energy and time on skill development.We don’t have a India based platform for Blockchain. China has Neo. Koreas has their own. Why would not we have our own?,” he said when asked about the expected revenues through Blockchain Technology.

He said Tech Mahindra has a Research and Development team of about 150 engineers based out of Hyderabad and Bangalore. The IT major recently said it would invest CAD 100 million over the next five years on a Centre of Excellence based out of Toronto, which would work on major technologies such as Artificial Intelligence and Blockchain. It also signed an MoU with the Telangana government for setting up India’s first ‘Blockchain district’ in the State.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

LIVE Webinar

Digitize your HR practice with extensions to success factors

Join us for a virtual meeting on how organizations can use these extensions to not just provide a better experience to its’ employees, but also to significantly improve the efficiency of the HR processes
REGISTER NOW 

Stay updated with News, Trending Stories & Conferences with Express Computer
Follow us on Linkedin
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
close-image
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
close-image
Enable A Truly Seamless & Secure Workplace.
Register Now
close-image
Attend Inida's Largest BFSI Technology Conclave!
Register Now
close-image
Know how to protect your company in digital era.
Register Now
close-image
Protect Your Critical Assets From Well-Organized Hackers
Register Now
close-image
Find Solutions to Maintain Productivity
Register Now
close-image
Live Webinar : Improve customer experience with Voice Bots
Register Now
close-image
Live Event: Technology Day- Kerala, E- Governance Champions Awards
Register Now
close-image
Virtual Conference : Learn to Automate complex Business Processes
Register Now
close-image