Tech Mahindra Current Affairs - 2019
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Telangana State Information Technology, Electronics and Communication department (ITE&C) signed Memorandum of Understanding (MoU) with Tech Mahindra to launch India’s first Blockchain district. The MoU was signed at International Blockchain Congress 2018 held in Hyderabad.
It will be centre of excellence, incubator and process development for emerging technology with innovative infrastructure and facilities to foster growth of Indian blockchain start-ups and companies. Tech Mahindra as its founding member will provide platform and technology assistance to all incubators in it. It will also empower accelerators to develop and solve market problems across its global customer ecosystem. Telangana ITE&C Department will provide regulatory and policy support to enable and promote Blockchain growth both in India and globally.
Blockchain district will be global talent hub which can help to unlock value of blockchain technology in democratising data and solving big scale world problems. It is also huge step in reskilling and right skilling workforce of the future. It will provide an opportunity for blockchain ecosystem in India to collaborate and work towards building a blockchain district in Telangana and transforming India as the blockchain capital of the world.
Blockchain is decentralized incorruptible digital ledger for storing data across peer-to-peer network. It decentralizes information without it being copied. Information is held on blockchain through shared database which can be accessed on real-time basis. This database is not stored on physical servers but on cloud, which makes it easy to store unlimited data.
Blockchain technology is not controlled by any single entity and has no single point of failure. It is transparent and incorruptible. It is kind of self-auditing ecosystem of digital value and blockchain network automatically checks every transaction that happens in it.
The most popular application of technology so far has been cryptocurrency. But it is not limited to, financial transactions and can be also used in smart contracts, supply chain management logistics, sharing economy, crowdfunding, governance, file storage and date management and Internet of Things (IoT).
Defence Ministry has rolled out ARPAN 3.0 (Army Record Office Process Automation 3.0), a new automation software for Defence Security Corps personnel to ease personal documentation and all issues related to their progression.
The software was jointly developed by Army Software Development Centre (ASDC) and Tech Mahindra, using state-of-the-art web-based technology.
ARPAN 3.0 will provide over 12 lakh soldiers of Indian Army easy access to their service records including pay and leave details and transfer and postings among others. As of now, all these records are maintained manually, which is a time-consuming exercise.
It consists of seven modules facilitating end to end human resource, financial management of Junior Commissioned Officers (JCOs) and Other Ranks with major functional advantages of timely processing of postings, promotions, release of salary, publication of personal occurrences and processing of pension has been rolled out by DCOAS (IS &T) for the Defence Security Corps.
The software provides valuable data for decision and policy making for the Defence Security Corps Directorate. It will enable Defence Security Corps to access their service profiles, statement of accounts and adjustment of allowances at par with troops of Indian Army.