eMudhra to Create Blockchain R&D Center in Bangalore

Announcements, Blockchain | October 10, 2017 By:

eMudhra will establish a research and development (R&D) center in Bangalore, India to explore various blockchain technologies for smart cities. The R&D center will be hiring 100 people to develop solutions that will help various industries which require identity verification and authentication. eMudhra is also looking to partner with government institutions for governance.

eMudhra is a technology, digital identity, and transaction management company providing solutions which ease financial and statutory needs of consumers. The company is a certifying authority licensed by the Controller of Certifying Authorities under the Government of India. eMudhra caters to all kinds of subscribers who use digital certificates for income tax, MCA (ROC), tenders, foreign trade, banking, railways and many other needs.

Last month, eMudhra launched Aadhaar eSign-based National Automated Clearing House (NACH) gateway with National Payments Corporation of India (NPCI) – which aims to help large and small enterprises to collect recurring payment instructions from customers without the need for submitting physical forms.

The solution aims to facilitate paperless electronic transactions which are repetitive and periodic in nature simplifying activation time for all parties, remove geographical barriers and bring about efficient banking for the customers.

eMudhra chairman V. Srinivasan said they are already starting to see a lot of interest from government and financial services on blockchain.

“Investing in blockchain technology is a natural progression of things for eMudhra,” said Srinivasan. “We deal with identity management every day and our expertise lies in simplifying a customers’ life while doing their financial transactions, ensuring full transparency. The key features of our blockchain platform is the ability to identify and digitally sign transactions on a blockchain using e-KYC (know your customer) and eSign.”