The rise of Blockchain in India
Future group, the retail giant has announced to launch an accelerator in Bangalore to support startups in the sectors of Artificial Intelligence, Blockchain , Big-Data analysis, Internet of Things and many other technological related businesses.
The new accelerator programme by Future Group, which is named as Future C&D (consumer and digital) Labs aims to provide startups with necessary infrastructure and technological aid, along with facilities to test the prototypes and conduct trials of the products on existing colossal customer base of Future Group.
The popularity of Blockchain is growing in Indian markets. Apart from Banking sector various other industries are also getting along with Blockchain.
The potential of Blockchain is huge in developing economies like India. Blockchain can be a game changer in banking, insurance, financial, healthcare , real estate sectors along with entertainment and music, etc.
Along with Future Group, some other big names like Microsoft,Apple,Amazon has also set up their own incubation centers and accelerators in Bangalore to support upcoming startup enthusiasts and capture some market share of the Indian Startup Industry.
As mentioned above, that Blockchain can be a significant factor in various Indian Industries, some of them have already started to adopt and work on it.
In a recent article published on KryptpMoney.com, it was mentioned that Bajaj Electricals has collaborated with Yes Bank to adopt blockchain technology to improve it’s supply chain finance. Bajaj Electricals used to have a cycle of 4-5 days which has come down to almost real time by adopting Blockchain technology. ( read full article)
KryptoMoney.com in partnership with the country’s leading CO-Working space provider and incubation center is in planning to launch a blockchain community along with an incubation center specifically to cater Blockchain startups. It will be based in New Delhi, India. Contact us at Info@kryptomomey.com for any kind of collaborations.