EarthID Joins Hedera Hashgraph for its Startup Program 'Hedera Boost'

Hedera Hashgraph announced the launch of its new startup program "Hedera Boost" to help startups access exclusive mentorship opportunities, technical support channels and network with the Hedera community.

Hedera will provide eligible startups with $1,000 USD worth of hbar --  the native cryptocurrency of the Hedera public network -- to cover initial transaction costs of startups and help them quickly bring app to market and start finding product market fit without hurting burn rate.

Hedera Hashgraph strongly believes that minds wanting to build on next generation platforms should not be bogged down by problems on their journey to a successful launch. Hedera Boost, Hedera Hashgraph's StartUp Program is a step in that direction. It's open to all who are "the process of planning, building, or launching an application that uses Hedera." 

Hedera Boost can help startups in three major areas:

• Technical guidance and ecosystem tools 


• Marketing and business development support 


• Subsidizing transaction fees 

Gehrig Kunz,Product Marketing Manager at Hedera, wrote in a blog post, "It's in these three areas that we’ve designed the first iteration of Hedera Boost to help provide. We’ll work with your startup to understand the right architecture for your project and help you overcome technical hurdles with one on one support. 

Then, when you’re ready to launch, we’ll be ready too. We'll provide your project with $1,000 USD worth of hbar to cover your initial transaction costs. Letting you quickly bring your app to market and start finding product market fit without hurting your burn rate." 

EarthID, a decentralized identity management platform built on 3rd generation DLT Hedera Hashgraph, joined the Hedera Boost as a community resource to help startups in making user onboarding, authentication and KYC processes efficient. 

Startups can leverage Hedera's marketing resources and increase awareness through PR, blogposts and other Boost related activities. They also get access to exclusive mentorship opportunities, technical support channels, and network with the Hedera Boost community. Hedera Boost is not an incubator or accelerator. But Hedera intends to join hands with bodies like the Helix Accelerator to facilitate sponsored hackathons. 

Earlier this month, EarthID has won the "Best Use of Blockchain in Financial Services" at India FinTech Awards event. The award is for recognizing an innovative Financial Institution in India which has utilized blockchain for solving complex business problems.

 

 

GBA-India's Blockchain Startup ​Rejolut​ is the only Indian Startup Selected for Early Open Access of Hedera Hashgraph before going Live

GBA-India startup ​Rejolut​ is the only startup selected from India to be a part of early open access of Hedera Hashgraph, an enterprise grade blockchain alternative to blockchain. Mumbai-based Rejolut will get early open access of Hedera before it goes live.

Rejolut is an emerging tech startup based out of Mumbai working on Blockchain, Ml/AI,  RPA, IoT, AR/VR etc. They are also the winner of hackathon and release an open source sdk which has the smart contract capabilities.



Hedera Hashgraph​, a public ledger developed for enterprise use-case started by Mance  Harmon and Leemon Baird.They first started working together for the U.S. Air Force in 1993 as  part of a team of five members responsible for building machine learning algorithm. They are  launching its mainnet today, allowing developers to build Dapps on top of it. The distributed  ledger is claiming to be the best alternatives to blockchain and they are competing with public  networks and all the enterprise DLT frameworks such as Hyperledger Fabric & Sawtooth, R3  Corda, and others.

“That means we can natively support micro transactions or micropayments,”  says Harmon.

Some of the common drawbacks of current blockchain solutions are performance, security,  stability, governance and compliance

To address the problems outlined above, Hedera uses hashgraph to provide an alternative DLT.  In order to move this industry forward, Hedera is creating a platform that has the following traits:

• High performance.


• Strong security.


• Industry-leading governance.


• Technical and legal controls to maintain platform stability.

Hedera’s node is run by some of the leading organisations like IBM, Tata Communication,  Nomura, Boeing etc. Hedera offer the following service:-

• Cryptocurrency


• File Service


• Consensus Service


• Smart Contract

“Hedera Hashgraph stands out for their nimble consensus algorithm. It allows a large  throughput of transactions without Layer 2 scaling solutions. Incentives are spread  throughout all levels of the network which encourages everyone to generate value to  make some back.” ​ said Pablo Peillard Founder Hashing Systems  According to Jonathan Hbarprice.com ​“ Hashgraph fast is its unique consensus  mechanism and its first-in-class virtual voting algorithm that permits immediate  feed-forward parallel processing that outperforms all other public networks with regard to speed, scale, security and stability.”

About Hedera:- Hedera Hashgraph which raised more than 100 million and claims $6 billion  valuation is an enterprise grade blockchain alternative to blockchain.  Hedera’s governing council has veterans like IBM, Boeing, Nomura, Tata Communication etc.