New York-based blockchain startup Consensys, which is founded by Joseph Lubin, who is the co-founder of the Ethereum, has entered India and opened an office in Delhi with six people already hired, and plans to hire another 40-50 in the coming months.
Over the next 12 months, Consensys wants to build a “very strong” ethereum blockchain-developer community numbering 20,000-50,000, reported Business Line, quoting Kavita Gupta, Head of Consensys India.
Moreover, in order to build a strong Ethereum blockchain-developer community in India, Consensys is also launching its first education programme in India, in June, to offer a number of courses and train people. Notably, the company has not done this anywhere else.
In an another media report, Gupta also revealed that Consensys has also signed a nonbinding agreement with Niti Aayog, a govt. of India’s policy think tank, to make blockchain prototypes across healthcare, education, land registry, supply chain, and more.
Among its 48 solutions, Consensys India is now in the process of identifying the top 10 solutions that could be brought to India gradually in different field of industries such as supply chain, banking solutions, citizen journalism, and music industry.
The report further stated that Consensys is now looking to do projects for Andhra Pradesh government in the areas of supply chain and land titling. Notably, in July last year, Andhra Pradesh had become the first state government outside the US to join the Enterprise Ethereum Alliance (EEA), an Ethereum-based alliance formed in March this year by Microsoft, Intel and more than two dozen other companies/banks to develop standards and technology to make it easier for enterprises to use blockchain code Ethereum.
Last October, Andhra Pradesh become the first state in India to pilot blockchain technology in two departments — land records and transport.
Consensys India is also in talks with three private sector banks in India to offer ethereum blockchain technology-based solutions with respect to settlements or custodial solutions to them.
Founded in October 2014 by Joseph Lubin and E.G. Galano, ConsenSys is a blockchain venture production studio focused on building, consulting, and launching decentralized applications using Ethereum.
Ethereum is a decentralized platform for applications. It is powered by Ether – a cryptocurrency, which is in turn powered by the Blockchain technology.
It may be recalled that in this month, Kerala Blockchain Academy (KBA) of Kerala state-run Indian Institute of Information Technology & Management has become the first Indian Institution to get membership of Hyperledger Project, an open source collaborative effort created to advance cross-industry blockchain technologies.
Also, in this month, India’s first blockchain-based network went live last week, when three online bill-discounting exchange platforms came together and implemented a solution for their operations to deter fraud.