Market Overview

Wipro Joins BiTA to Drive Blockchain Adoption in the Transportation Industry


Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO)), a leading global
information technology, consulting and business process services
company, today announced that it has joined the Blockchain in Transport
Alliance (BiTA) to spearhead the development of blockchain standards and
drive blockchain adoption in the transportation industry.

BiTA is an industry group dedicated to establishing blockchain standards
for the freight industry. It was formed by experienced technology and
transportation professionals to create a forum for the development of
blockchain standards and education for the freight industry. The group
provides a platform to develop and embrace common frameworks and
standards using which industry participants can build innovative
blockchain applications. Wipro intends to use this platform to help
ideate platform-agnostic blockchain standards for the logistics and
transportation industry.

Craig Fuller, Managing Director, BiTA said, "We are excited to
welcome Wipro to the BiTA family. Our aim was to bring together leading
companies operating in the freight technology industries that are
interested in the development of blockchain technology. We look forward
to working closely with Wipro's blockchain experts to drive enterprise
scale blockchain adoption for global transportation organizations,
specifically around use cases such as supply chain traceability, trade
finance, provenance, fraud detection and compliance management. Owing to
Wipro's strong domain and technology expertise, and dedicated focus on
blockchain, we look forward to its support and contribution to define,
design and develop blockchain standards definition for the
transportation industry."

Wipro helps global organizations in their blockchain adoption journey
through its comprehensive suite of offerings, which cover ecosystem
services, advisory and consulting services, industry solutions, platform
services and application services. The company's focus is to drive the
design and development of production-grade blockchain solutions for
industry use cases, leveraging its strong portfolio of patents and IPs,
pre-built frameworks, industry solutions and technology assets.

Srini Pallia, President, Consumer Business Unit, Wipro Limited
said, "Our membership with BiTA is reflective of our commitment to be an
integral part of blockchain-driven transformation in the transportation
industry. We will collaborate with BiTA and our customers to take a
business use-case approach and leverage blockchain to solve complex
new-age logistics and transportation issues. We also look forward to
actively contributing to the standards for the use of blockchain in the
transportation and logistics industry, and working closely with our
global customers to bring these standards to action in their blockchain

About BiTA

BiTA was founded in 2017 by experienced tech and transportation
executives to create a forum for the development of blockchain standards
and education for the freight industry with the goal to bring together
leading companies in the freight technology industries that have a
vested interest in the development of blockchain technology. BiTA is
focused on providing educational resources and open forums to those in
the industry interested in leading the evolution of the trucking
industry through the efficiencies offered in blockchain technology.
Members of this consortium include truckload, LTL, and parcel carriers,
as well as shippers, tech startups and incumbents, insurance companies,
law firms, and other industry participants who have an interest in
integrating blockchain technology into their organizations.

About Wipro Limited

Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO)) is a leading global
information technology, consulting and business process services
company. We harness the power of cognitive computing, hyper-automation,
robotics, cloud, analytics and emerging technologies to help our clients
adapt to the digital world and make them successful. A company
recognized globally for its comprehensive portfolio of services, strong
commitment to sustainability and good corporate citizenship, we have
over 160,000 dedicated employees serving clients across six continents.
Together, we discover ideas and connect the dots to build a better and a
bold new future.

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
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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