Blockchain Interest Group Forms for India

Announcements, Blockchain | July 19, 2017 By:

IT and services industry body Nasscom has partnered blockchain startup BlockSmiths and FinTech firm Quatrro to set up a special interest group (SIG) for blockchain technology in Delhi, India.

The group will be working closely with different startups, companies, and entrepreneurs to create use-cases for blockchain based solutions for the Indian market. The focus areas of the group will include both FinTech and non-FinTech products. In addition to creating distributed ledger solutions, the SIG will also be responsible for educating the public about cryptocurrency technology and its uses.

The Nasscom Blockchain SIG will focus on a charter that covers blockchain advocacy, knowledge sharing/collaborating on blockchain implementation, organizing events like Blockathon, and contributing to the community by socializing blockchain-based business opportunities with entrepreneurs and students.

The SIG currently has representatives from more than 15 member organizations, including Axis Bank, Nagarro, Deloitte, Nokia, Genpact, and NIIT.

“We see our partnership to form a SIG with NASSCOM as a wonderful opportunity to develop the blockchain community in India,” said Harmeet Singh Monga, Chief Business Officer at Blocksmiths and the SIG Founding Member. “We strongly believe that India has the potential to lead the blockchain revolution in the South East Asian region and help businesses from various industries become highly streamlined and efficient by adopting blockchain.”