Report highlights NTT DATA’s Blockchain maturity, innovation-focused approach and global industry contributions
TOKYO – January 12, 2021 – NTT DATA, a global digital business and IT services provider, today announced the company was named a Leader in Avasant’s Blockchain Services RadarView™ 2020 report, showcasing the IT service providers that delivered the most impactful blockchain implementations and strategies over the past year.
Ranking in Avasant’s top category for the third straight year, NTT DATA was recognized for its blockchain practice maturity, its innovation-focused approach and its contributions to the global blockchain industry. The report also highlighted a number of client use cases including a recent collaboration with the Italian Banking Association to build a Corda-based blockchain solution for interbank reconciliation for the entire banking industry in Italy.
“NTT DATA established a blockchain practice early on, back in 2015, because we saw the technology’s potential to generate tangible value for customers and to truly transform society,” said Toshi Fujiwara, Representative Director & Senior Executive Vice President CTO, CKO, CISO, CFO, CHRO, CRO, NTT DATA. “Being recognized once again as a blockchain Leader shows that we have the expertise, skills and technological assets to help clients develop blockchain solutions that generate a competitive advantage.”
NTT DATA’s blockchain practice employs more than 500 technology experts across the globe in 20+ different countries and serves more than 90 active clients. It operates four innovation labs, including a blockchain Center of Excellence (CoE) for global blockchain services delivery. NTT DATA has experienced 45-50% client growth in its blockchain services in the past year as demand and use cases for the innovative technology continue to escalate.
A co-founder of multiple blockchain consortia, NTT DATA also contributes to projects based on influential blockchain technologies including Hyperledger, Ethereum, Corda and Ripple. In-house proprietary platforms include BlockTrace4Sharing, which manages, tracks, and validates donations, and the Blockchain Reconciliation Platform, which helps businesses reconcile financial and nonfinancial transactions in real time.
Avasant’s RadarView is an independent assessment that analyzes the true capabilities of service providers, evaluating them as long-term partners for digitally evolving global organizations on practice maturity, investment and industry development. The methodology combines traditional provider outreach with independent data mining and client-side market checks to equip analysts with a holistic overview of the service provider landscape.
“NTT DATA’s commitment to blockchain is demonstrated in its contributions to the industry growth,” said Swapnil Bhatnagar, Research Director at Avasant. “As a founding member of multiple consortia, it has accelerated the development of blockchain technology and ecosystem across the globe. Its strengths can be defined by its experience in implementing nation-wide production projects, deep industry knowledge, a vast repository of blockchain assets and solutions, and a strong partner ecosystem including R3, Hyperledger, and Digital Asset Holdings – as well as partnerships with SAP, Microsoft, and AWS. These strengths, in conjunction with continued investments in blockchain R&D, have placed NTT DATA as a leader in Avasant’s Blockchain Services 2020 RadarView for the third consecutive year.”
NTT DATA – a part of NTT Group – is a trusted global innovator of IT and business services headquartered in Tokyo. We help clients transform through consulting, industry solutions, business process services, digital & IT modernization and managed services. NTT DATA enables them, as well as society, to move confidently into the digital future. We are committed to our clients’ long-term success and combine global reach with local client attention to serve them in over 50 countries around the globe. Visit us at nttdata.com.