EdgeVerve Systems, a wholly-owned subsidiary of Infosys, is seeking to generate new monetization opportunities for its clients using blockchain technology, CoinDesk reported.

The Indian IT giant detailed its plans in a filing submitted to the US Securities and Exchange Commission. In April 2016, EdgeVerve launched its EdgeVerve Blockchain Framework, designed to boost blockchain adoption by the global financial services sector. The framework was developed to deliver value-generating solutions and technologies based on the blockchain technology.

In December 2013, EdgeVerve launched TradeEdge – an insights-driven cloud-based sales platform which provides visibility to global brands across the demand chain – from distributors to consumers. The company is now integrating its blockchain network with the TradeEdge network.

According to the SEC filing, Infosys said:

“Our TradeEdge network now with more than 2,000 partners, processes approximately 3 billion transactions per month. We are now integrating our blockchain network with this TradeEdge network to open significant monetization opportunities for clients.”

Infosys has been actively participating in blockchain initiatives. Earlier this year, Infosys Finacle, part of EdgeVerve Systems, in collaboration with Qatar’s Commercial Bank and its subsidiary and associates completed a pilot on the cloud-based blockchain network in order to process international remittances. Last month, Infosys announced that it is working on blockchain technology, as it has formed blockchain working groups for each industry verticals, Business Line reported.

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