IT consulting provider Tata Consultancy Services (TCS) has partnered with LACChain to develop a digital marketplace across Latin America and the Caribbean for blockchain solutions relating to healthcare, energy, education, and financial services.
LACChain is an enterprise blockchain consortium backed by the Inter-American Development Bank (IDB) that is developing a public permissioned network targeting Latin America and the Caribbean. It was launched in 2018 to enhance the social impact potential of blockchain-based solutions. The alliance currently operates a cross border payment project that completed a proof of concept with Citi Innovation Lab earlier this year and has five other projects in the works.
The new partnership with TCS will develop solutions to address critical matters in healthcare such as decentralized vaccination distribution platforms and “immunity passports”. For digital identity, the initiative is looking to promote blockchain-based collaborations between companies and academics to foster a skills marketplace.
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