LTI Joins the Enterprise Ethereum Alliance

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MUMBAI, India–()–Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005), a global
technology consulting and digital solutions company has joined the Enterprise
Ethereum Alliance (EEA)
, the world’s largest open source blockchain
initiative. As a member of the EEA, LTI will collaborate with industry
leaders in pursuit of ethereum-based enterprise technology best
practices, open standards, and open-source reference architectures.

LTI is working with several clients across Banking, Financial Services,
Insurance, Manufacturing, Energy, Media and Government to help monetize
the benefits of blockchain through disruptive business models, improved
customer experience and significant cost reduction. The Company has also
built an innovation ecosystem leveraging partnerships with academia,
start-ups and major technology providers, and has built several
ready-to-deploy solutions in the areas of trade finance, supply chain,
travel insurance, and rights & royalty management among others.

Sanjay Jalona, CEO and Managing Director, LTI, said, “LTI
is an early adopter of blockchain with rich solutions and global clients
for payments, supply chain and enterprise integration solutions. We are
investing to combine the power of blockchain with other exponential
technologies like IoT and Cognitive to add speed, transparency and trust
to the entire ecosystem. Our membership with EEA will help us scale our
blockchain expertise further.”

LTI’s deep industry knowledge and blockchain expertise across platforms
combined with EEA’s best practices will help the Company deliver
exponential innovation opportunities and operational efficiencies to the
world’s leading companies. LTI has also been recognized by leading
industry analysts as a significant player in the distributed ledger
technology space.

With more than 400 member companies, the EEA
membership base
represents a wide variety of business sectors from
every region of the world, including technology, banking, government,
healthcare, energy, pharmaceuticals, marketing, and insurance. The EEA’s
industry-focused, member-driven working groups are each tasked with
creating and delivering specific advancements to the development and use
of ethereum-based technologies.

About The Enterprise Ethereum Alliance

The EEA is an industry-supported, not-for-profit established to build,
promote, and broadly support Ethereum-based technology best practices,
open standards, and open-source reference architectures. The EEA is
helping to evolve Ethereum into an enterprise-grade technology,
providing research and development in a range of areas, including
privacy, confidentiality, scalability, and security. The EEA is also
investigating hybrid architectures that span both permissioned and
public Ethereum networks as well as industry-specific application layer
working groups. EEA will collectively develop open industry standards
and facilitate collaboration with its member base and is open to any
members of the Ethereum community who wish to participate. This
open-source framework will enable the mass adoption at a depth and
breadth otherwise unachievable in individual corporate silos and provide
insight into the future of scalability, privacy, and confidentiality of
the public Ethereum permissionless network. For additional information
about joining EEA, please reach out to membership@entethalliance.org
or visit http://www.entethalliance.org/

About LTI:

LTI (NSE: LTI, BSE: 540005) is a global technology consulting and
digital solutions Company helping more than 250 clients succeed in a
converging world. With operations in 27 countries, we go the extra mile
for our clients and accelerate their digital transformation with LTI’s
Mosaic platform enabling their mobile, social, analytics, IoT and cloud
journeys. Founded 20 years ago as a subsidiary of Larsen & Toubro
Limited, our unique heritage gives us unrivaled real-world expertise to
solve the most complex challenges of enterprises across all industries.
Each day, our team of more than 20,000 LTItes enable our clients to
improve the effectiveness of their business and technology
operations, and deliver value to their customers, employees and
shareholders. Find more at www.Lntinfotech.com or
follow us at @LTI_Global

Connect with LTI:



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