Cognizant Joins Washington DC Blockchain Lobby – Chamber of Digital Commerce
- Global consulting, technology and business services provider to participate in the blockchain trade group.
Cognizant (NASDAQ: CTSH), a provider of information technology, consulting, and business process services, has joined the Executive Committee of the Chamber of Digital Commerce - a Washington DC based trade association representing the digital asset and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term industry with policymakers and regulators.
Cognizant is engaged in an array of initiatives to test the potential of blockchain; including the creation of accelerators that design, prototype and test solutions for digital asset issuance and transfer, secure document Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, digital identity, and many others. Earlier this year, Cognizant announced its work with Mizuho Financial Group to develop a blockchain solution for secure record keeping of documents across the Group’s global companies.
“Blockchain technology is poised to change the face of the banking and financial services industry, providing the opportunity to create new digital business models, streamline business processes, and modernize existing IT systems,” said Prasad Chintamaneni, President, Global Industries and Consulting at Cognizant. “Cognizant was one of the early movers in the blockchain space and we continue to significantly invest in our capabilities to develop enterprise-ready solutions to help clients navigate this shift and become digital enterprises. We’re excited to be working with the Chamber of Digital Commerce to further the adoption and progression of blockchain technology and accelerate its implementation across industries.”
Perianne Boring, President, Chamber of Digital Commerce
“Cognizant is yet another example of an established industry leader realizing the transformative potential of blockchain technology, and the importance of collaboration,” said Perianne Boring, founder and President of the Chamber. “For blockchain to reach its maximum potential leaders across every industry will need to contribute to the policy efforts to help shape the future of this new and transformative technology.”
Cognizant (NASDAQ: CTSH), a provider of information technology, consulting, and business process services, has joined the Executive Committee of the Chamber of Digital Commerce - a Washington DC based trade association representing the digital asset and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term industry with policymakers and regulators.
Cognizant is engaged in an array of initiatives to test the potential of blockchain; including the creation of accelerators that design, prototype and test solutions for digital asset issuance and transfer, secure document Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, digital identity, and many others. Earlier this year, Cognizant announced its work with Mizuho Financial Group to develop a blockchain solution for secure record keeping of documents across the Group’s global companies.
“Blockchain technology is poised to change the face of the banking and financial services industry, providing the opportunity to create new digital business models, streamline business processes, and modernize existing IT systems,” said Prasad Chintamaneni, President, Global Industries and Consulting at Cognizant. “Cognizant was one of the early movers in the blockchain space and we continue to significantly invest in our capabilities to develop enterprise-ready solutions to help clients navigate this shift and become digital enterprises. We’re excited to be working with the Chamber of Digital Commerce to further the adoption and progression of blockchain technology and accelerate its implementation across industries.”
Perianne Boring, President, Chamber of Digital Commerce
“Cognizant is yet another example of an established industry leader realizing the transformative potential of blockchain technology, and the importance of collaboration,” said Perianne Boring, founder and President of the Chamber. “For blockchain to reach its maximum potential leaders across every industry will need to contribute to the policy efforts to help shape the future of this new and transformative technology.”