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India Is One of The Hottest Markets for Blockchain Startups

Babu Munagala | Zebi Data | Blockchain | Blockchain News | Blockchain startups India | Blockchain

Babu Munagala, the founder of Zebi Data which was started with help of SFO Bay Area-based angel, has his marvelous expertise in data protection business after having worked at various profiles at Oracle.

He got into depth of hardware and software solutions that could provide data protection without human intervention. The entrepreneur dived into Blockchain technology as soon as he bumped into the concept and has been working on expanding it across several platforms.

In a conversation with Entrepreneur India, Munagala shares why India is emerging as one of the hotspots for blockchain-related companies.

Starting with the limitations of Blockchain in India, he said,

“There is lack of a holistic solution for problems associated with security and privacy of these large amounts of data collected and used by governments and enterprises against rising threat of data hacks, data tampering and identity thefts. This is a huge opportunity with no solution in sight, and blockchain offers a promising solution to all of these problems,” 

Due to lack of awareness about the blockchain technology among the industry-related stakeholders, Munagala said that starting a blockchain chain company comes with a lot of challenges.

“This leads to an inability to identify business use cases. There is also a lack of internal resources that are familiar with the technology and hence, they are not well versed to the in-house initiative, which creates a hurdle while selecting a vendor to integrate the solution within the existing system,”

However, now he believes that the blockchain implementation across several platforms in India is treading slowly upwards towards a better tomorrow.

More about Zebi Data

The team at Zebi Data claims

  • to have developed some of the best use cases around land records, hospitality industry, employee records, healthcare records for hospitals, diagnostic chains and pharmacies, educational records by universities and educational boards, high value transactions, government-issued documents such as identity cards, ration cards, driving licenses, vehicle registration certificates etc.
  •  to host one of world’s first live running land records on the block chain, which Zebi manages for the State Government of Andhra Pradesh
  • to have expanded its ICO raising of USD 10 million for future growth and expansion of Zebi blockchain products and services.

Munagala told about Zebi’s latest offering, an artificial intelligence-based blockchain platform that caters to hospitality industry which has the mandate to submit guests’ information and brings both privacy and security while automating the whole data transfer activity for hotels. He said,

“All of the private and sensitive data of individual hotel guests is stored in the blockchain and any access or updates to the data are part of the immutable records on the blockchain. The individual remains as the full controller of data as the consent of the individual is taken before every use of their data,”

He gave more insights about the latest product saying

“When a visitor enters the hotel and already has a Zebi ID, he/she can check in within seconds. If not, he/she can provide a picture and photo id, and create a Zebi ID, which is stored on Zebi’s blockchain platform. The guest will no longer have to leave a printed photocopy of his/her id card or mobile number with the hotel because his/her Zebi ID is on the Blockchain. This mitigates the risk of the guest data being misused by a hotel or other enterprises.”

Currently, the said Artificial Intelligence based chain solution is applied at more than 200 hotels and Zebi is preparing for full-scale deployment across all the hotels in India.

KryptoMoney.com publishes latest news and updates about Bitcoin, Blockchain Technology ,Cryptocurrencies and upcoming ICO’s.

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