BANGALORE, India--(BUSINESS WIRE)--

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company has joined the Enterprise Ethereum Alliance (EEA) as a founding member. EEA is a collaboration of enterprises to promote, develop and implement enterprise grade Ethereum-based blockchain applications across industries for specific business use cases.

Ethereum is an open-source, blockchain-based distributed computing platform, featuring smart contract functionality. The EEA seeks to augment Ethereum adoption as an enterprise-grade technology, with research and development focused on privacy, confidentiality, scalability and security.

Wipro has been actively working on Ethereum to develop enterprise blockchain-based industry solutions and assets on a number of industry use cases. These solutions include Delivery versus Payments (DvP) settlement for securities and capital markets, skip-trace consortia for banking, peer-to-peer (P2P) insurance for the sharing economy, anti-counterfeit solution for supply chain traceability and many more.

Jeremy Millar, founder of Enterprise Ethereum, said, "The EEA benefits from a diverse, yet enterprise-focused membership base. Wipro brings a global perspective on IT strategy and operations to this alliance. We are very pleased to have Wipro as a member as we launch the Enterprise Ethereum Alliance."

“We are excited to be a part of the founding team of the Enterprise Ethereum Alliance and contribute towards key aspects such as security, privacy and scalability as they will be the key determinants in accelerating blockchain adoption within enterprises. Enterprise Ethereum is a great way to fast-track enterprise adoption and Ethereum is one of the fastest growing technology platforms used by our clients for developing and deploying enterprise blockchain,” said Krishnakumar N Menon, Vice President, Service Transformation, Wipro Limited. “Enterprise Ethereum Alliance also fosters collaboration within the emerging community of blockchain developers. We look forward to working actively with the members of this alliance to shape the blockchain adoption by enterprises.”

“It’s great to have Wipro as a founding member of the Enterprise Ethereum Alliance. Having organizations like Wipro driving purpose-built solutions and accelerating innovation for businesses, adds significant credibility to the Enterprise Ethereum ecosystem,” said Marley Gray, Principal Blockchain Architect, Microsoft.

Wipro’s Blockchain Innovation Lab, which is part of its Blockchain COE (Center of Excellence), fast tracks the provisioning of blockchain environments to build use-case specific blockchain industry solutions. The COE focus is to enable client businesses innovate and to stay in tune with the emerging technology trends in blockchain by conducting proof of technology experiments around areas like scalability, performance and security of blockchain platforms. To enable enterprise level talent development on blockchain technologies like Enterprise Ethereum, Wipro has also created a Blockchain Academy to build in-house competency through a multi-level program.

To know more about blockchain at Wipro, click here.

About Wipro Limited.

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology.” By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 170,000, serving clients across 6 continents. For more information, please visit www.wipro.com.

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

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