Conduent Incorporated (NYSE: CNDT), a digital interactions company, announced the appointment of Nikhil Nayab to lead the company's blockchain initiatives. Nayab has 20 years of experience in the financial services industry, including a blockchain focus for the last five years.

Nayab joins Conduent from Accenture, where he helped build the company's North American blockchain practice. He also has broad experience at blockchain startups and banks, such as Citi and Credit Suisse.

"Conduent sits at the nexus of digital transformation and service delivery, serving the majority of Fortune 100 companies and more than 500 government entities," said Dave Amoriell, president, Conduent. "This network will help Nayab lead an approach to blockchain that is flexible and infrastructure agnostic. Our blockchain development will be done in an open environment to promote quicker, widespread blockchain adoption and foster inclusive innovation."

To that end, Conduent is part of the Enterprise Ethereum Alliance (EEA), the world's largest open-source blockchain initiative, and has pledged nearly $200 million for modernizing the company's technology platforms over the next three years.

In addition, Conduent is adding 300 positions – 100 in the United States and 200 in India – as the company continues its focus on digital interactions, including blockchain development.

Nayab's team will address how blockchain can assist a broad spectrum of clients – from more secure, efficient mortgage loan processing and supply chain management to helping state governments with benefit eligibility programs.

About Conduent Conduent creates digital platforms and services for businesses and governments to manage millions of interactions every day for those they serve. We are leveraging the power of cloud, mobile and IoT, combined with technologies such as automation, cognitive and blockchain to elevate every constituent interaction, driving modern digital experiences that are more efficient, helpful and satisfying.

Conduent's differentiated offerings touch millions of lives every day, including two-thirds of all insured patients in the U.S. and nearly nine million people who travel through toll systems daily. Whether it's digital payments, claims processing, benefit administration, automated tolling, customer care or distributed learning – Conduent serves a majority of the Fortune 100 companies and more than 500 government entities. Learn more at www.conduent.com.