CrossTower and Mphasis have announced a partnership to build a ‘Center of Excellence’ on Web 3.0 and a series of blockchain products
Partnership
Mphasis, a cloud and cognitive services provider, has announced a partnership with CrossTower, one of the world’s leading crypto exchanges, to establish a Center of Excellence (CoE) focused on Web 3.0 and a series of blockchain-based products that will be launched and traded on the CrossTower platform.
Mphasis and CrossTower’s partnership will help Mphasis accelerate and scale its Web 3.0 talent, opening up new opportunities for the application of innovative blockchain-based solutions in public and private sectors such as financial services, supply chain, healthcare and life sciences, insurance, logistics, entertainment, art, and retail. Because of the fast use of digital assets, financial and non-financial organisations have begun to include them into their strategic planning.
According to a new analysis from Market Research Future (MRFR), the Web 3.0 and Blockchain markets will develop tremendously by 2030. Web 3.0 allows consumers and developers to leverage decentralized blockchain technology, which is important for the Internet’s future. This will have a substantial influence on the companies of BFSI, e-commerce & retail, media & entertainment, healthcare & pharmaceuticals, IT & telecom, and other industries.
Quotes
“Mphasis has been an early adopter of blockchain technology, building industry specific solutions around digital assets and more recently Web 3.0. We are pleased that we have an opportunity to partner with CrossTower to build a Center of excellence (CoE). We particularly value this partnership as CrossTower is one of the most regulatory focused players in this space and provides unparalleled governance driven digital assets. Mphasis with its Blockchain capability, expertise in architecting cloud native platforms and user experience design and implementation, is uniquely positioned to partner with CrossTower,” said Nitin Rakesh, CEO and Managing Director, Mphasis.
“CrossTower prides itself for its distinct and superior knowledge of trading, technology, operational infrastructure, innovative pricing, regulations, and compliance to make digital assets accessible to retail and sophisticated institutional market participants. Mphasis’ extensive banking & financial services client base would be able to take advantage of our Decentralized finance (DeFi) and Blockchain solutions. This partnership with Mphasis will catapult our development capabilities and accelerate our growth to provide the best trading platform and ecosystem for both non-traditional and traditional financial services providers to expand beyond traditional asset classes,” said Kapil Rathi, CEO and Co-Founder, CrossTower.