Tag Archives: blockchain

Awards & Recognition

Why Blockchain is the Game Changer We Need

By J A Sheikh

The world of Information Technology (IT) security has been under constant evolution, facing growing threats as cyberattacks become increasingly sophisticated. From ransomware to data breaches, the need for more robust security solutions has never been greater. Amid this rising demand, Blockchain technology has emerged as a transformative force, offering innovative solutions to safeguard digital assets, transactions, and data. But how exactly is blockchain shaping the future of IT security?

Understanding Blockchain in the Context of IT Security

Blockchain, often associated with cryptocurrencies like Bitcoin and Ethereum, is a decentralized and distributed ledger technology. At its core, it’s a system for securely recording transactions across a network of computers (or nodes) in such a way that it is virtually impossible to alter or tamper with the recorded data. Each “block” in the chain contains a list of transactions, and every block is linked to the previous one, forming an immutable chain.

This feature of immutability, combined with decentralized consensus mechanisms, makes blockchain a powerful tool for enhancing IT security. Let’s dive deeper into how blockchain is making waves in the IT security landscape.

1. Enhancing Data Integrity and Transparency

One of the primary benefits of blockchain technology is its ability to provide data integrity. Once information is recorded in a blockchain, it becomes incredibly difficult to change or erase, due to its cryptographic and consensus-based mechanisms.

In the context of IT security, this ensures that data cannot be tampered with or falsified. Whether it’s personal data, financial records, or critical system logs, blockchain provides an immutable trail that can be audited and verified. For enterprises, this reduces the risk of data manipulation and provides transparency in the handling of sensitive information.

Use Case: Secure Document Storage and Verification

Blockchain can be used for storing sensitive documents, such as contracts, intellectual property, or regulatory compliance records. When a document is uploaded onto a blockchain, it is hashed (a form of encryption), and the hash is stored on the blockchain. This ensures that any future attempts to alter the document will be immediately apparent, as the hash will no longer match the original.

2. Decentralized Identity Management

Identity theft and unauthorized access to systems are among the most common forms of cyberattacks today. Traditional identity management systems rely on centralized authorities, such as government agencies or corporations, to verify and authenticate users. However, these centralized systems present a single point of failure, making them vulnerable to hacking or insider threats.

Blockchain offers a decentralized alternative for identity management, where individuals have control over their own identity data, stored securely on the blockchain. This decentralized approach eliminates the need for intermediaries and provides users with self-sovereign identity (SSI), ensuring greater privacy and security.

Use Case: Blockchain-based Authentication

Blockchain can provide a secure, cryptographic-based method for verifying user identities. Instead of relying on passwords or centralized databases, a user could authenticate themselves with a cryptographic key stored on the blockchain. This method, often known as “public key infrastructure” (PKI), is much more secure because the private key never leaves the user’s device, and the blockchain’s decentralized nature ensures no central authority is responsible for managing the identity.

3. Secure Transactions and Smart Contracts

Blockchain is widely known for its role in cryptocurrency transactions, where it ensures the authenticity and integrity of financial transfers. However, beyond simple peer-to-peer transactions, blockchain also supports more advanced features like smart contracts—self-executing contracts with the terms of the agreement written directly into code.

Smart contracts operate autonomously and ensure that the terms of a contract are met before any action occurs. In terms of IT security, this means that processes and transactions can be automated in a way that reduces human intervention, limits errors, and ensures that all actions are traceable and secure.

Use Case: Supply Chain Security

Blockchain-based smart contracts can play a pivotal role in securing supply chains. Each step in the supply chain can be recorded on the blockchain, from manufacturing to delivery. A smart contract can automatically trigger a payment once a certain condition is met, such as delivery confirmation, eliminating the possibility of fraud or disputes.

4. Protection Against Distributed Denial-of-Service (DDoS) Attacks

Distributed Denial-of-Service (DDoS) attacks are one of the most common types of cyberattacks, wherein an attacker overloads a target system or network with a flood of traffic to make it unavailable to legitimate users. Blockchain can help mitigate these attacks by distributing the network load across a decentralized structure, making it harder for malicious actors to overwhelm a single point of failure.

Use Case: Blockchain-based Web Hosting

Decentralized cloud computing platforms, powered by blockchain, can help mitigate DDoS attacks by using a distributed network of nodes to host web applications and services. The redundancy provided by blockchain’s decentralized architecture ensures that if one node is attacked or compromised, others can continue to function, thereby minimizing downtime and service disruption.

5. Enhancing Security in Internet of Things (IoT) Networks

The rapid growth of Internet of Things (IoT) devices has introduced a host of new vulnerabilities into IT environments. Each IoT device is a potential entry point for cybercriminals, and ensuring the security of these devices is a major challenge.

Blockchain can play a significant role in securing IoT networks by providing a decentralized and tamper-proof method of device authentication, data exchange, and access control. By recording device interactions and transactions on a blockchain, the network becomes more resilient to unauthorized access and cyberattacks.

Use Case: Blockchain for IoT Device Authentication

In IoT environments, blockchain can be used to store and authenticate the credentials of devices. A blockchain-based authentication system ensures that only verified devices can connect to the network, and each transaction or data exchange between devices is logged securely on the blockchain, making it more difficult for hackers to manipulate or intercept communication.

6. Blockchain for Secure Voting Systems

Traditional electronic voting systems have been subject to security concerns, such as voter fraud, tampering with results, or hacking. Blockchain technology offers a solution by providing a secure, transparent, and verifiable voting process.

Each vote can be recorded as a transaction on the blockchain, creating an immutable record that is visible to all stakeholders, ensuring transparency. Blockchain’s inherent security features make it nearly impossible to alter voting results once they are recorded, improving the overall trustworthiness of the electoral process.

Use Case: Blockchain-based Voting in Elections

In blockchain-based voting systems, each voter’s identity is verified using blockchain-based digital credentials, and their vote is recorded as a transaction on the blockchain. Once the vote is cast, it cannot be altered or deleted, and the final tally can be publicly audited in real-time, offering an unprecedented level of security and transparency.

Conclusion: Blockchain’s Future in IT Security

As cybersecurity threats continue to evolve, traditional security measures alone may no longer be sufficient. Blockchain is offering a new paradigm for IT security, characterized by decentralization, immutability, and transparency. From data integrity and identity management to secure transactions and DDoS protection, blockchain has the potential to significantly transform how organizations approach cybersecurity.

While blockchain is still an emerging technology, its application in IT security is poised to grow in the coming years. As more industries adopt blockchain-based solutions, we can expect a future where IT security is not only more robust but also more transparent and user-centric. The decentralized nature of blockchain is already making it a cornerstone of next-generation security frameworks, and its influence is only set to expand.

Technology

Blockchain Technology: Reshaping Cybersecurity Paradigms

Blockchain Technology

In today’s landscape of escalating cyber threats, the demand for advanced security mechanisms is more critical than ever. Namboodiri Arun Mullamangalath Kesavan investigates the transformative potential of blockchain technology in fortifying cybersecurity. By leveraging its fundamental attributes—decentralization, immutability, and transparency—blockchain offers innovative solutions to traditional security challenges. This analysis highlights how blockchain redefines data integrity, enhances identity management, and mitigates risks associated with centralized systems, paving the way for a resilient and secure digital infrastructure.

Rethinking Identity Management
Blockchain revolutionizes identity management by replacing centralized credential repositories with a decentralized public/private key infrastructure. Traditional systems create single points of failure, making them vulnerable to breaches. Blockchain enhances security by distributing data across multiple nodes, making system compromise nearly impossible. It empowers users with greater autonomy, enabling control over access to their digital identities without intermediaries. This decentralized approach fosters privacy and trust, transforming how sensitive credentials are stored, managed, and accessed.

Ensuring Data Integrity
Data integrity is fundamental to cybersecurity, and blockchain technology offers a robust solution through its immutable ledger. Each transaction or record stored on a blockchain is cryptographically secured, timestamped, and permanently preserved, creating a transparent and tamper-proof system. This ensures that any unauthorized alterations are immediately evident, making blockchain an invaluable tool for safeguarding sensitive data. Its capability to maintain unaltered historical records enhances regulatory compliance, facilitates secure audit trails, and fosters trust among stakeholders. By guaranteeing data authenticity and integrity, blockchain empowers organizations to mitigate risks, strengthen their security posture, and build confidence in their information management practices.

Mitigating DDoS Attacks
Distributed Denial of Service (DDoS) attacks threaten centralized systems by overwhelming them with malicious traffic, disrupting services. Blockchain technology mitigates this risk through its inherently decentralized architecture, where data and operations are distributed across numerous nodes in the network. Unlike centralized systems, which have a single point of failure, blockchain requires an attacker to compromise a majority of nodes simultaneously—a task that is logistically and computationally prohibitive. Additionally, blockchain networks employ advanced load-balancing mechanisms that intelligently distribute traffic, ensuring seamless operation and service continuity even during an attack. This decentralized approach significantly enhances the system’s robustness and resilience against DDoS threats.

Enhancing Threat Intelligence
Blockchain technology significantly enhances collaborative cybersecurity by providing a transparent, secure, and tamper-proof framework for threat intelligence sharing. Real-time data exchange, underpinned by blockchain’s decentralized ledger, ensures authenticity, integrity, and confidentiality. Smart contracts automate data-sharing protocols, enabling seamless collaboration among authorized entities without manual intervention. This approach fosters trust, streamlines operations, and enhances collective defense capabilities. By creating an ecosystem of secure, efficient, and trustworthy information exchange, blockchain empowers organizations to stay ahead of evolving cyber threats with a unified, proactive strategy.

Overcoming Implementation Challenges
Despite its advantages, blockchain adoption in cybersecurity is not without hurdles. Scalability remains a primary concern, particularly for systems handling high transaction volumes. Performance overheads and integration complexities with legacy systems are additional challenges. Solutions such as layer-2 scaling and hybrid architectures are emerging to address these issues, paving the way for broader implementation.

Pathways to the Future
Blockchain’s potential extends beyond current applications, with future research focusing on quantum-resistant cryptography and Internet of Things (IoT) security. Standardization is also crucial, as fragmented protocols and lack of interoperability hinder widespread adoption. Collaborative efforts among industry stakeholders and regulatory bodies are essential to establish cohesive guidelines for blockchain-based security solutions.

In conclusion, Namboodiri Arun Mullamangalath Kesavan underscores blockchain’s transformative impact on cybersecurity. By addressing traditional vulnerabilities and enabling innovative solutions, blockchain paves the way for resilient and trustworthy systems. As organizations face increasingly complex threats, embracing blockchain technology is not merely an option but a strategic imperative for securing the digital future.

Technology

Navigating the Blockchain Economy: Lessons from Siva Aditya Kancherla

Siva Aditya Kancherla

Siva Aditya Kancherla embodies the spirit of innovation, risk-taking, passion, and an unwavering belief in the transformative potential of blockchain technology. A software engineer turned visionary entrepreneur, his story is one of the most inspiring journeys from Silicon Valley to the blockchain frontier. It is not just a tale of personal triumph but also a guide for aspiring entrepreneurs navigating the unpredictable landscape of the crypto economy.

From Big Tech to Blockchain
Siva’s journey began with a solid educational foundation. After earning his Master’s degree in Computer Science from the University of Wisconsin-Madison, he worked at Oracle in India and interned at Amazon during his graduate studies. However, it was at Google Cloud in Sunnyvale, California, where his entrepreneurial ambitions began to take shape.

In 2017, Siva made a bold move that attracted attention: he invested his entire Google 401(k) into cryptocurrency. This audacious decision showcased his deep confidence in blockchain’s potential and his belief that big rewards require big risks. His calculated gamble paid off, providing him the financial freedom to focus entirely on developing groundbreaking projects in the blockchain sector.

Leaving behind the security of a prestigious role at Google, Siva launched a series of innovative startups that have left a lasting impact on the blockchain industry:

  • Picolo: A decentralized database for web3 applications that raised $2.2 million in seed funding led by Menlo Ventures and Village Global.

  • Mavrik Labs: Backed by Binance Labs, this venture simplified NFT creation on Ethereum, making blockchain technology more accessible.

  • Infinity: An NFT marketplace aggregator that secured $3 million in funding to revolutionize the NFT ecosystem with a streamlined and user-friendly platform.

Lessons from Siva’s Journey: Thriving in the Crypto Economy
Siva’s journey offers invaluable insights for anyone aiming to succeed in the volatile and fast-evolving crypto economy. Here are the key lessons inspired by his path:
1. Embrace Calculated Risks
Siva’s decision to invest his retirement savings in cryptocurrency was not reckless; it was the result of thorough analysis and a clear understanding of blockchain’s potential. In the unpredictable world of crypto, critical evaluation of risks is essential for success—whether investing in tokens or building a blockchain startup.

2. Leverage Financial Independence for Innovation
By achieving financial security early, Siva was able to dedicate his time and energy to developing impactful projects without the constraints of short-term financial pressures. Financial independence fosters long-term thinking and enables entrepreneurs to focus on innovation.

3. Bridge the Gap Between Technology and Accessibility
Through ventures like Mavrik Labs and Infinity, Siva worked to make blockchain technology more user-friendly and accessible to everyday consumers. Simplifying complex systems is key to driving widespread adoption in the blockchain ecosystem.

4. Adapt to Market Dynamics
The crypto economy is constantly evolving, requiring entrepreneurs to stay agile and pivot when necessary. Siva’s ability to adapt his strategies to align with trends such as NFTs exemplifies the importance of flexibility in navigating this volatile industry.

5. Cultivate a Visionary Mindset
Siva’s success is rooted in his belief in blockchain’s potential to revolutionize industries and society. Leaving a high-paying corporate job to pursue decentralized technology was a testament to his vision. True leadership in the blockchain space requires thinking beyond personal gains to focus on creating a broader impact.

Siva’s Legacy and the Future of Blockchain
Siva’s contributions to the blockchain ecosystem have earned him widespread recognition. From winning the Prathibha Scholarship in his formative years to being accepted into prestigious programs like Binance Labs and Tachyon Accelerator, his achievements demonstrate a consistent track record of excellence. In 2023, he was invited to serve as a judge and mentor at events like CalHacks and Techstars AI Startup Weekend, further solidifying his role as a thought leader in the field.

Looking to the future, Siva emphasizes the need for the blockchain industry to address key challenges and opportunities, including:

  • Sustainability: Developing energy-efficient blockchain solutions to mitigate environmental impact.

  • Interoperability: Enhancing connectivity between blockchains and distributed ledgers for improved functionality.

  • Regulation: Striking a balance between compliance and fostering innovation.

  • Inclusivity: Expanding blockchain’s reach to underserved communities to ensure equitable benefits.

Conclusion
Siva Aditya Kancherla’s transition from a corporate tech worker to a trailblazing blockchain entrepreneur exemplifies the power of vision, calculated risk-taking, and a relentless pursuit of innovation. By leveraging his financial freedom and focusing on accessibility, he not only achieved personal success but also advanced the broader cause of decentralized technology. His journey serves as both an inspiration and a roadmap for navigating the dynamic crypto economy.

Technology

AI and Blockchain Reshape Enterprise Cloud Security Architecture

Cloud Security Architecture

In this digital world, organizations are revolutionizing their approach to cloud infrastructure security through emerging technologies. Security experts observe groundbreaking solutions addressing persistent challenges in cloud protection. Recent research by Ashok Mohan Chowdhary Jonnalagadda explores how artificial intelligence, blockchain, and zero-trust architectures converge to enhance enterprise cloud security, offering innovative strategies for safeguarding modern cloud environments.

The Rise of Intelligent Defense

Artificial intelligence is revolutionizing cloud security monitoring with unprecedented capabilities in threat detection and response. Machine learning algorithms can now process and analyze security events 200 times faster than traditional rule-based systems while maintaining higher accuracy rates. Deep learning models have demonstrated particular success in reducing false positives by up to 87%, enabling security teams to focus on genuine threats rather than chasing phantom alerts.

Blockchain: The New Guardian of Trust

Distributed ledger technology is emerging as a powerful tool for maintaining security control integrity in cloud environments. By providing immutable audit trails and enabling automated policy enforcement through smart contracts, blockchain creates a transparent and tamper-proof security framework. This innovation particularly shines in multi-cloud architectures, where maintaining consistent security controls across different providers has traditionally been challenging.

Automation Takes Center Stage

Security automation has transformed dramatically, evolving from simple scripted solutions into advanced orchestration platforms that ensure continuous security validation and enforcement. Studies show these automated frameworks reduce manual security operations by an impressive 85% while delivering more consistent control implementation. This integration of automated security testing within deployment pipelines marks a revolutionary change, enabling organizations to detect and fix vulnerabilities much earlier in their development process, fundamentally strengthening their security posture.

Zero Trust: Redefining Access Control

The zero trust security model is emerging as a cornerstone of modern enterprise protection, revolutionizing how organizations approach access control. By implementing sophisticated automation systems, organizations can now manage dynamic access controls and perform continuous trust validation with unprecedented precision. The integration of AI-driven analytics with zero trust principles enables more refined and adaptive security measures, dramatically enhancing the accuracy and effectiveness of unauthorized access prevention mechanisms.

The Human Element

Organizations adopting comprehensive security frameworks have demonstrated remarkable improvements in their security posture, with measurable results across key metrics. Data shows a significant 47% reduction in security incidents and an impressive 62% enhancement in compliance adherence. The financial services sector leads implementation success rates at 93%, while healthcare follows closely at 85%, highlighting the effectiveness of these security innovations across different industries.

Measuring Success

Organizations adopting comprehensive security frameworks have demonstrated remarkable improvements in their security posture, with measurable results across key metrics. Data shows a significant 47% reduction in security incidents and an impressive 62% enhancement in compliance adherence. The financial services sector leads implementation success rates at 93%, while healthcare follows closely at 85%, highlighting the effectiveness of these security innovations across different industries.

Future Horizons

The convergence of consumer IoT devices and cloud services presents complex security challenges, demanding innovative solutions in today’s digital landscape. Security researchers are actively developing adaptive models that can dynamically respond to emerging threats while preserving user experience and system performance. The industry is witnessing a significant shift towards integrated security frameworks that seamlessly manage both cloud infrastructure and IoT device protection. This unified approach ensures comprehensive security coverage while addressing the unique vulnerabilities of interconnected systems.

In conclusion, Ashok Mohan Chowdhary Jonnalagadda‘s research highlights the critical balance needed between technical controls, organizational policies, and human elements for effective cloud security. His findings emphasize that organizations must continually adapt their security measures to address emerging threats while maintaining operational efficiency. This comprehensive approach becomes increasingly vital as cloud technologies evolve and reshape the digital landscape across all industry sectors.

Awards & Recognition

VIT AP University Honoured with Bharat Blockchain Academic Excellence Award 2024


Dr. S. V. Kota Reddy and Dr. Prabha Selvaraj receiving the Award from Dr. Anil Sahasrabudhe, Chairman of National Educational Technology Forum (NETF), Prof. T. G. Sitharam Chairman, AICTE, Dr.Buddha Chandrasekhar, Chief Coordinating Officer, AICTE.

AMARAVATI: VIT AP University is proud to announce that it has been awarded the Bharat Blockchain Academic Excellence Award 2024, representing the state of Andhra Pradesh. This prestigious recognition came during the Bharat Blockchain Yatra Grand Finale 2024, meticulously organized by Information Data Systems (IDS) and AICTE, powered by Hedera, and proudly supported by the National Educational Technology Forum and the Anuvadini AI initiative of the Ministry of Education. The award acknowledges VIT AP University’s significant contributions to Blockchain education, research, and innovation.

In response to this honor, Vice Chancellor Dr. S. V. Kota Reddy stated, “We are immensely proud to receive the Bharat Blockchain Academic Excellence Award. This achievement underscores our commitment to advancing blockchain education and research. I want to thank our dedicated faculty, staff, and students who made this recognition possible. We look forward to continuing our journey in pioneering innovative solutions that benefit society.” The award was presented during the Grand Finale event on 24th October in New Delhi. This accolade celebrates our accomplishments and motivates us to further our efforts in blockchain technology.

In the finale, VIT-AP University also was presented with a land parcel allocation in Polyversity Metaverse. Dr. S. V. Kota Reddy received the official allocation document for a dedicated land parcel to VIT-AP within the Polyversity Metaverse. This significant milestone enables VIT-AP University to establish a virtual campus, offering students a uniquely immersive learning experience and facilitating seamless virtual interaction with peers across geographies. The allocation of this virtual land is a part of the collaborative efforts led by Information Data Systems (IDS), which has set up a Blockchain Centre of Excellence under the Bharat Blockchain University-Industry Cluster. VIT-AP’s virtual campus will enable students to explore digital learning spaces and engage with cutting-edge tools and resources through the metaverse as part of its mission to foster innovative blockchain education.

Dr. S. V. Kota Reddy thanked Mr. Voruganti Aravind, Global Vice President—of Blockchain, and Sunil Subrahmanyam Y, Business Strategy & Partnerships, IDS, for establishing the Centre of Excellence in Blockchain at VIT—AP University.

Dr. Prabha Selvaraj, Professor in the School of Computer Science and Engineering was present for the event.

Edutech & Education

KITS Becomes First College in India to Adopt NASSCOM and Algorand Foundation’s Blockchain Program for All CS Students

KITS Becomes First College in India to Adopt NASSCOM and Algorand Foundation's Blockchain Program for All CS Students31st July 2024: Building on its collaboration with NASSCOM, AlgoBharat, Algorand Foundation’s India-focused initiative, recently announced that KKR & KTR Institute of Technology and Sciences (KITS) has become the first college in the country to integrate the NASSCOM FutureSkills Prime Application Developer Course produced by Algorand into its required curriculum for all computer science students.

India’s college-level computer science departments are taking steps to accelerate the training of their students with cutting-edge blockchain training to meet the growing demand for these programming capabilities, into. While it’s still in the early days, there’s a growing understanding of how blockchain can increase efficiency and transparency in complex systems. As the technology matures, this focus on blockchain education positions India well to contribute to global innovation in this field. KITS integrating blockchain curriculum shows a proactive approach to equipping students with the skills they’ll need for future jobs.

Anil Kakani, VP and India Country Head at Algorand Foundation said, “Equipping students with blockchain skills will help India play a leading role in the Web3 revolution and in delivering transformative, decentralised solutions for the world. This collaboration shows that industry and academia working together can shape the workforce of tomorrow and propel India’s role as a leader in innovation”

Mr. K. Subbarao, Chairman at KKR & KTR Institute of Technology and Sciences (KITS) said, “We are proud to be the first college in India to take this leap and believe this collaboration with Algorand Foundation and NASSCOM will be instrumental in shaping a new generation of blockchain developers in India. We aim to ensure our graduates are well-positioned to not only become developers but also empower them to become leading professionals in India’s blockchain industry.”

The student community at KITS Guntur has also shown tremendous leadership through its chapter of the Algorand Blockchain Club. The Club recently organised a Bootcamp for computer science and engineering students in the area, which attracted dozens of young developers from surrounding universities who are accelerating their knowledge and abilities for blockchain development.

Also, Ravi Charan Jagarlamudi, a KITS Guntur student and founder of a company in the Algorand Startup Lab at T-Hub, recently secured a 15 lakh grant from the JAWAHAR RKVY-RAFTAAR Agri-Business Incubator, Madhya Pradesh, through the Startup India Seed Fund Scheme (SISFS). The company, Kitsugi, prioritises traceability in supply chain management to ensure product quality, safety, and ethical sourcing.

Edutech & Education

CoinEx Charity Supports Blockchain Education in the Philippines

HONG KONG, June 26, 2024 / — On June thirteenth, CoinEx Charity sponsored and took part in the Philippines’ Blockchain Campus Conference, held in Makati City. The occasion attracted over 1,000 students, college students, principals, blockchain lovers, and curious people.

The convention at iAcademy Campus in Makati City explored the transformative potential of blockchain in sectors similar to finance, retail, authorities, and leisure. It offered a platform for studying, exchanging concepts, and sharing blockchain abilities amongst college students, professionals, companies, and communities. CoinEx Charity leveraged this chance to deepen its understanding of the Philippines’ blockchain market and have interaction in discussions about blockchain’s boundless potential.

The CoinEx Charity sales space grew to become a focus at the occasion, attracting over 1,000 college students in CoinEx’s companies and merchandise. The convention additionally featured philanthropic lectures and discussions, with trade professionals and the CoinEx Charity group delivering speeches. The group shared insights on blockchain rules and future functions, enriching native college students’ information and igniting curiosity in the expertise.

By collaborating in the Blockchain Campus Conference, CoinEx Charity showcased its main place in blockchain training and strengthened its connections with the local people and college students. Through charity actions and initiatives, in collaboration with international philanthropic companions, CoinEx Charity goals to offer high-quality instructional sources, promote blockchain adoption, and contribute to a good, clear, and harmonious world.

Business

Mindsprint and Finboot forge strategic partnership for enhanced and integrated blockchain technology

India, 15 JANUARY 2024 – Tech agency Finboot, creators of the world-class blockchain technology resolution, MARCO, in the present day introduced a strategic partnership with MINDSPRINT, a worldwide chief in digital options and providers. The partnership will deal with entry to integrated options that mix the strengths of MINDSPRINT’s agri-domain-based technology solutioning and Finboot’s blockchain technology creating new potentialities for constructing belief and transparency, innovation and development.

Through this strategic collaboration, Finboot will additional strengthen MINDSPRINT’s digital portfolio by embedding its low code / no code blockchain ecosystem, MARCO – the first-of-its-kind. Finboot’s MARCO connects a number of ledgers concurrently and will allow MINDSPRINT to include blockchain throughout their varied digital options. MARCO will convey elevated traceability, and transparency which in flip, will assist meet sustainability and ESG compliance necessities and improve operational effectivity.

Nish Kotecha - Corporate headshot

Nish Kotecha, Executive Chair and Co-Founder, Finboot says: “We are thrilled to be partnering with MINDSPRINT. Finboot’s and MINDSPRINT’s values are very a lot aligned, and we imagine within the energy of technology to unravel lots of the key challenges humanity faces together with accelerating the journey to web zero and the necessity for safer and clear provide chains to measure and guarantee items and providers are web optimistic.”

Sriram Gopalakrishnan, Mindsprint President & Head of Global Delivery

Sriram Gopalakrishnan, President & Head of Global Delivery, MINDSPRINT says: “For over 20 years, MINDSPRINT has been the digital and technology accomplice to a USD$40 billion agri-commodity firm, driving its digital transformation in over 70 nations. The software of blockchain technology in any sector can profit organizations globally by bringing in sustainable enterprise practices with elevated transparency, sensible contracts, and safe transactions. With ESG rules being paramount to enterprise technique internationally, we imagine Finboot’s blockchain experience mixed with our deep information of provide chains, might assist world organisations construct and improve transparency and belief.”


Sujata

Edutech & Education

ShowReel and Jamia Millia Islamia introduce an innovative first of its kind inquiry-based learning app using AI and blockchain

ShowReel and Jamia Millia Islamia introduce an innovative first of its kind inquiry-based learning app using AI and blockchainShowReel and Jamia Millia Islamia introduce an innovative first of its kind inquiry-based learning app using AI and blockchain

New Delhi, twentieth October 2023: Sabeer Bhatia’s ShowReel (Tiptop-ShowReel Private Limited) joins arms with Jamia Millia Islamia (JMI) introducing a first of its kind inquiry-based learning app to encourage the longer term era of entrepreneurs. The Jamia-ShowReel app will offer a novel strategy to inquiry-based learning that may ignite new and crucial methods of considering, serving to college students innovate on a world scale. With an purpose of revolutionizing training for the twenty first century, ShowReel goals at leveraging the facility of artificial intelligence (AI) to design innovative programs and create short-form movies to offer a transformative learning expertise.

A landmark partnership: Evolving training with quite a few firsts

The goal of the Jamia-ShowReel platform is to create a platform that helps college students to use their information by making a dynamic setting for open-ended exploration, experimentation, and discovery. This partnership marks Jamia Millia Islamia’s first collaboration with a non-educational entity. For the first time, a course design has been enabled by AI and the Jamia-ShowReel platform would be the first to award 6 credit for finishing a course using an app. Another first-of-its-kind characteristic is the use of artificial intelligence to guage college students’ verbal responses, with the responses being analysed by algorithms for crucial considering.

Sabeer Bhatia, Co-Founder, ShowReel shedding mild on the partnership stated,“ ShowReel-Jamia App is not only a collaboration; it’s a visionary leap into the longer term of training. We imagine within the significance of empowering our youth with the appropriate abilities and instruments for a brighter future. True creativity emerges from unbiased analysis, investigation, hands-on experiences, and pursuit of solutions. By leveling the taking part in field and granting equal training alternatives, we’re targeted on embracing the transformative energy of AI to alter the best way younger minds suppose, making them adaptable to the constantly evolving world of know-how. Jamia Millia Islamia has all the time been on the forefront of transformative training and we’re blissful to be related to one of India’s prime universities to launch this revolutionary platform.”

Prof. Najma Akhtar (Padma Shri), Vice Chancellor, JMI spoke concerning the partnership and stated, “Sabeer Bhatia has led India’s tech revolution, and we’re proud to accomplice with ShowReel and work with him to create a revolution within the training trade. By harnessing the facility of AI, the Jamia-ShowReel platform will function a catalyst for sparking college students’s imaginations and cultivating curiosity. With this innovative platform, ShowReel and JMI are pioneering the longer term of training. The purpose is not only to impart data, however to unlock creativity, communication abilities, and real-world utility in college students.”

Enabling the paradigm shift in training

This collaboration is aimed toward shifting training from the standard one-way, instructor-led mannequin to a self-directed, inquiry-based strategy. ShowReel’s imaginative and prescient is to encourage the following era of entrepreneurs – people who can leverage know-how to examine new firms and industries. The platform leaves behind the out of date training strategies to domesticate inventive thinkers and problem-solvers geared up for the roles of tomorrow. Through this partnership, ShowReel goals at democratizing entry to training for each Indian constructed on the intersection of innovation, AI & upskilling.

An innovative strategy to entrepreneurship

ShowReel is dedicated to mentoring and supporting Indian youth and entrepreneurs with the appropriate instruments and mindset to launch and maintain profitable enterprise ventures. The Jamia-ShowReel app could have 14 modules on numerous tenets of entrepreneurship via which college students will get an alternative to specific themselves, and describe advanced ideas in their very own distinctive methods. This methodology will assist in exercising and articulating unique concepts based mostly on analysis and life experiences, getting ready the scholars for his or her entrepreneurial journeys.

Startups & Fundings

Experts discuss the future of blockchain technology in India’s startup revolution


As an element of Startup 20 engagement discussion board of the G20 presidency, Savishkar India, in collaboration with National Stock Exchange (NSE), Anantam ecosystem and Digital Prosperity for Asia (DPA) organized a roundtable convention titled “Blockchain Revolution: Unlocking Startup Opportunities in India” on 20th July 2023 at NSE, Bandra Kurla Complex (BKC), Mumbai. The spherical desk convention, which was attended by 54 contributors emphasised on how blockchain technology has the capability to revolutionize the startup ecosystem. 

 


Speakers at the roundtable on Blockchain Revolution held in Mumbai on Friday

 


The roundtable introduced collectively key stakeholders from National Intellectual Property Awareness Mission (NIPAM), Atal Incubation Center (ATAL- AIC), Institute of Electrical and Electronics Engineers Entrepreneurship (IEEE entrepreneurship). The goal was to foster information sharing, collaboration, and coverage discussions that can pave the manner for unlocking the full potential of blockchain technology.


 


Mr. Chintan Oza, Council Member, Alliance Taskforce, Startup 20 and Dr. Sujata Seshadrinathan, Director – IT, Basiz Fund Services, Mumbai offered their ideas on blockchain. Their presentation specified statistics and analysis on technology, alternatives, regulatory frameworks, challenges, cross border commerce and engagement with authorities. 


 


During the discussions, Dr. Seshadrinathan spoke about the alternatives, challenges and enabling elements of blockchain in numerous sectors. She spoke on implementation and price of blockchain innovation and went on to say that; “Blockchain helps us to construct a greater world. It is right here to remain and there’s no different technology prefer it. While many have understood the options of blockchain however not the technology behind it. There will probably be a niche in (understanding) of each innovation adoption in first few years. However, so far as technology is anxious, blockchain is one of the strongest improvements of latest instances and in addition the most misunderstood” Dr. Seshadrinathan added.


 


Stating the significance of blockchain Mr. Ashish Chauhan mentioned “One factor could be very certain, younger folks will be taught technology sooner and can enlighten us. We want a ‘patra’ for information, an individual who has that credibility and authority of the topic, who can talk and form discussions on it with authorities” In his concluding assertion Mr. Chauhan states, “We must deal with blockchain technology, AI, 5G and all types of technology, their benefits and drawbacks. It is essential that we’ve boards the place all facets of these applied sciences are mentioned after which dropped at gentle to the coverage makers. Blockchain as a technology is right here to remain and such discussions are very a lot crucial for the betterment of our nation”.

 


Mr. Ramnath Gopalakrishnan, Director & GM – APAC for DPA Member Quickwork, which has been a key member in exploring collaborations and alternatives in the APAC area, mentioned, “The Coalition for Digital Prosperity for Asia (DPA) helps the Startup20 India initiative as a significant step in the direction of empowering Indian SMEs in the blockchain and digital sectors to attain their full potential and energy strong development for India’s digital economic system. Events like this roundtable permit digital and blockchain entrepreneurs to show their ingenuity and showcase the potential of this emergent and promising market. The DPA is proud to be a companion of this Startup 20 engagement below the G20 umbrella and work in the direction of creating alternatives for capability growth for India’s digital startup ecosystem, selling seamless cross border information flows, and excessive requirements of digital commerce.”

 


Besides Mr. Oza and Dr. Seshadrinathan, the occasion noticed participation and discussions from a number of different famend names together with Mr. Ashish Kumar Chauhan, MD and CEO, National Stock Exchange, Mumbai; Mr. Nilesh Vohra, Enterprise Leader – Digital Transformation & Technology Infrastructure Enterprise Leader Arthur D. Little, amongst others.

 


The dialogue was moderated by Mr. Krantisagar More, PhD Scholar in pharmaceutics at the Institute of Chemical Technology (ICT), Mumbai, National Convenor, Savishkar India. Other material specialists together with Ms. Ekta Singh, IP Lawyer, Web 3; Dr. Unnat P Pandit, Controller General of Patents, Designs & Trade Marks, and Mr. Uday Wankawala, CEO Atal Incubation Center- Rambhau Mhalgi Prabodhini have been additionally half of the convention. Mr. Malcolm Gonsalves, and Mr. Kushaal Patel, two youth entrepreneurs, shared their views on Blockchain system and software in India. 

 


Blockchain technology has been important development in India. Interestingly, each private and non-private sectors are exploring the potential of blockchain technology and methods to leverage it. There is immense scope for worth addition in the a number of sectors together with monetary sector, provide chain administration, healthcare, and training sectors to expedite processes, validate and securely retailer information. Government of India has already begun exploring the use of blockchain for presidency providers via ‘IndiaChain’, a block initiative launched by NITI Aayog. There is rising quantity of blockchain companies and innovation facilities focuses on finding out, creating, and implementing its use throughout domains.


 


About the organizers-


Savishkar India: Savishkar India is ruled by Vidyarthi Kalyan Niyas (VKN) Bhopal, MP. It supplies incubation platforms and internships to those that need to develop into entrepreneurs. Bringing out expertise, the group encourages your artistic concepts, supplies a wholesome dialogue with trade for the technological and sustainable growth of India


 


Digital prosperity for Asia (DPA): The coalition for the Digital Prosperity for Asia is a corporation consisting of a rising group of revolutionary Asian digital firms selling the democratization of digital applied sciences throughout all sectors. It helps nationwide governments and policymakers in APAC to develop their digital economies and reap the profit of digital applied sciences. The coalition is on the lookout for extra like-minded APAC firms in the digital house that acknowledge the significance of rising the digital economic system for native worth creation and for shared prosperity throughout Asia.


 


National Intellectual Property Awareness Mission (NIPAM): A National Intellectual Property Awareness Mission (NIPAM) below the initiative of the Government’s “Azadi ka Amrit Mahotsav”, has been launched by Shri Anurag Jain, Secretary, DPIIT. The pan-India formidable mission goals to offer consciousness on mental property and its rights to 1 million college students. It goals to inculcate the spirit of creativity and innovation to college students of greater training (lessons 8 to 12) and ignite and encourage the college students of school/Universities to innovate and shield their creations.

 


Institute of Chemical Technology ( ICT): University Department of Chemical Technology (popularly referred to as UDCT) of the University of Bombay, was established on October 1, 1933, with the noble intention of advancing India’s information reserves in chemical science and technology, the Institute has grown to develop into a premier (deemed) college dedicated to training, coaching, analysis and industrial collaboration in chemical engineering, chemical technology, utilized chemistry, pharmacy, biotechnology, and bioprocessing. 

 


Atal Incubation Center (ATAL- AIC): Atal Incubation Centre is a flagship initiative to advertise the tradition of innovation and entrepreneurship in India. It is an umbrella construction that has been mandated to advertise innovation and revolutionize the entrepreneurial ecosystem in the nation. It develops new insurance policies and programmes for fostering innovation in totally different sectors of the economic system and supplies platform and collaboration alternatives to varied stakeholders in the entrepreneurial house.


 


Startup20: It is established below the G20 India Presidency 2023, is an engagement group representing international startup ecosystem stakeholders and elevating macroeconomic issues. It works on key matters, formulating suggestions, and presenting remaining suggestions to the G20 Presidency for dialogue at the G20 Summit.


 


Group of Twenty (G20): The G20 or Group of 20 is an intergovernmental discussion board comprising 19 international locations and the European Union. It works to deal with main points associated to the international economic system, corresponding to worldwide monetary stability, local weather change mitigation and sustainable growth, The G20 Summit is held yearly, below the management of a rotating Presidency.


 


Institute of Electrical and Electronics Engineers Entrepreneurship (IEEE entrepreneurship): The IEEE Entrepreneurship neighborhood is at the forefront of turning concepts into profitable companies. Their precedence is to assist our members not simply launch however develop their ventures and facilitate the networking and mentoring of those that have the ardour to translate their imaginative and prescient into actuality.

 


Anantam ecosystem: A enterprise capital and personal fairness principals firm engaged on ecosystem for Startup and MSME.

 


National Stock Exchange (NSE): National Stock Exchange of India Limited (NSE) is one of the main inventory exchanges in India, primarily based in Mumbai. It is the world’s largest derivatives alternate by quantity of contracts traded[a] and the third largest in money equities by quantity of trades, It is one of the largest inventory exchanges in the world by market capitalization. NSE’s flagship index, the NIFTY 50, a 50-stock index is used extensively by traders in India and round the world as a barometer of the Indian capital market. NSE is the venue companion of this Round desk convention.