Tech Mahindra and AWS Team Up to Transform Supply Chains with Blockchain

Tech Mahindra Ltd., a leader in digital transformation and business reengineering services, has announced a strategic partnership with Amazon Web Services (AWS) to develop and deliver blockchain solutions. As an AWS Partner Network (APN) Advanced Consulting Partner, Tech Mahindra is set to leverage Amazon Managed Blockchain to create innovative, scalable solutions for industries worldwide.

The collaboration is expected to redefine supply chain management and foster digital innovation across sectors like aviation, telecom, and healthcare, among others.

Blockchain Technology: The Driving Force Behind the Partnership

Blockchain technology is increasingly being adopted to address critical supply chain challenges, such as:

• Lack of transparency in multi-tier supplier networks.
• Fraud prevention in healthcare materials.
• Improved traceability in logistics and manufacturing.

Tech Mahindra’s blockchain solutions, built on Amazon Managed Blockchain, aim to solve these issues by enabling secure, decentralized, and real-time tracking capabilities.

Key Blockchain Solutions Offered by Tech Mahindra

Tech Mahindra will roll out several blockchain-based solutions on AWS Marketplace, targeting industries like aviation, telecom, and healthcare.

1. Kit Management (Aviation and Aerospace)

• Purpose: Tracks and traces kits procured from multi-tier suppliers in the aviation industry.
• Benefits:
  • Enhanced visibility into the supply chain.
  • Improved operational efficiency for Original Equipment Manufacturers (OEMs).

2. Outbound Logistics (Telecom Supply Chain)

• Purpose: Provides visibility into the Expected Time of Arrival (ETA) for telecom supply chains.
• Benefits:
  • Increased transparency for B2C operations.
  • Better coordination between OEMs and logistics providers.

3. Medical Material Track and Trace (Healthcare)

• Purpose: Ensures timely tracking and fraud detection for medical materials such as PPE kits, masks, gloves, and sanitizers.
• Benefits:
  • Mitigates counterfeit risks.
  • Strengthens supply chain integrity for critical healthcare products.

Expanding Blockchain Applications Across Industries

Tech Mahindra plans to extend its blockchain solutions to other sectors over the next 12–18 months, including:

• Banking and Financial Services: Streamlining payment systems and fraud prevention.
• Retail: Enhancing inventory management and customer loyalty programs.
• Manufacturing: Enabling real-time monitoring of production processes.
• Oil & Gas: Improving supply chain traceability for raw materials.
• Travel and Logistics: Boosting efficiency in cargo tracking and documentation.

Why Blockchain for Supply Chain Management?

According to the 2020 Supplier Information Study, 81% of supply chain leaders lack confidence in their supplier data, with 60% requiring up to four days to update outdated information. These inefficiencies lead to:

• Missed deadlines.
• Unhappy clients.
• Financial losses.

Blockchain technology offers a solution by:

1. Ensuring Transparency: Every transaction is securely recorded, reducing the risk of errors and fraud.
2. Enabling Real-Time Updates: Businesses can instantly update and access critical supplier information.
3. Building Trust: A decentralized system fosters accountability and reduces reliance on intermediaries.

Expert Insights: The Role of Blockchain Post-COVID

Tech Mahindra’s Rajesh Dhuddu, Blockchain and Cybersecurity Practice Leader, emphasized the importance of blockchain in addressing supply chain challenges during and after the COVID-19 pandemic.

“Global businesses are facing sustained headwinds… Ensuring supply chain continuity is paramount. Blockchain creates a competitive advantage and supports future pandemic preparedness,” said Dhuddu.

By leveraging blockchain, businesses can:

• Enhance resilience against disruptions.
• Accelerate recovery during economic downturns.
• Eliminate silos in global supply chains.

What is Amazon Managed Blockchain?

Amazon Managed Blockchain is a fully managed service that simplifies the creation and management of scalable blockchain networks. Key features include:

• Support for Open-Source Frameworks: Compatible with Hyperledger Fabric and Ethereum.
• Ease of Use: Eliminates the need for manual blockchain network setup.
• Scalability: Ideal for enterprise-grade applications.

This robust infrastructure enables Tech Mahindra to deliver blockchain solutions tailored to industry-specific needs.

Potential Impact of the Collaboration

1. Enhanced Supply Chain Efficiency: Improved transparency and traceability will reduce operational bottlenecks.
2. Fraud Prevention: Blockchain’s tamper-proof ledger mitigates counterfeit risks, especially in healthcare.
3. Economic Recovery: By addressing supply chain challenges, blockchain solutions will play a critical role in post-COVID recovery efforts.
4. Broader Adoption of Blockchain: Tech Mahindra’s innovative solutions will encourage more industries to embrace blockchain technology.

FAQs About Tech Mahindra’s Blockchain Solutions

1. What industries will benefit from Tech Mahindra’s blockchain solutions?

• Aviation, telecom, healthcare, retail, manufacturing, and oil & gas.

2. How does Amazon Managed Blockchain support these solutions?

• It provides a scalable, fully managed infrastructure for building blockchain networks.

3. Why is blockchain essential for supply chains?

• Blockchain ensures transparency, prevents fraud, and improves real-time tracking of goods and materials.

4. When will these solutions be available?

• Tech Mahindra plans to roll out solutions across multiple industries over the next 12–18 months.

5. What are the benefits of blockchain in healthcare supply chains?

• Fraud detection, timely tracking of medical materials, and improved supply chain integrity.

Conclusion

Tech Mahindra’s partnership with AWS is set to revolutionize supply chain management across industries by integrating cutting-edge blockchain technology. From ensuring transparency in aviation kits to preventing fraud in healthcare supplies, these solutions highlight the transformative potential of blockchain.

With its innovative approach and commitment to digital transformation, Tech Mahindra continues to lead the way in creating resilient, future-ready supply chains.

Explore more about blockchain-powered innovations and Tech Mahindra’s solutions to redefine global supply chains.