Blockchain Solutions
Blockchain is an emerging technology that is heralded as the most disruptive innovation in recent times with the possibility to completely overhaul the existing economic system and social order. Statistics forecast that the revenue generation from the blockchain industry would be equivalent to over $163.83 billion by 2029 from $7.18 billion in 2022. However, many blockchain projects lose sight of the holistic nature and intricate details, which are a prerequisite for successful commercialization. We are here to help your business with our 360° span of expertise, wherein we evaluate your project, to select and deploy the best solution for your business goals.
Service categories: Our process
Brainstorm
- Discover use cases and identify blockchain opportunities in your industry.
- Explore research-backed ideas on possible implementations.
Find the right fit with business value
- Evaluate value-creation, risks and challenges of a potential blockchain usage or an existing one.
- Describe broadly the infrastructure requirements.
Deploy proof of concept
- Test and deploy the POC.
- Verify robustness with stress testing.
- Iterate with different market parameters.
Integrate blockchain solution
- Integrate and roll out the blockchain solution in business unit.
- Implement blockchain governance.
Innovate with DeFi
- Explore the DeFi landscape.
- Launch novel products/ services in corporate finance, green finance or microfinance.
Our innovation in action
Projects led by our CEO
Challenge: Enable transparency in donation
Solution: Donation transactions through a smart contract in Ethereum
Decentralized donation app on Ethereum
Challenge: Preserve data privacy in blockchain
Solution: Smart contract to integrate differential privacy in blockchain data
Privacy preservation through smart contracts
Challenge: Manage and monitor blockchain data changes
Solution: Dashboard displaying changes in monitored blockchain data and sending email notifications to the admin for private data changes
Monitoring dashboard for Ethereum data
Challenge: Scalable blockchain consensus with a high throughput
Solution: Consensus based on MapReduce paradigm with the blockchain throughput comaprable to Visa and is environmentally-friendly
MapReduce consensus for a novel blockchain, FAST
Challenge: Enable blockchain usage through all devices
Solution: Light client of blockchain where data is stored in IPFS instead of the user's local device
Light client of blockchain on MapReduce consensus in IPFS
Our insights
PhD defense on blockchain in finance: An overview
International webinar on blockchain in finance
Decentralized finance
Financial products and services developed to function in the decentralized system can be viewed as coming under decentralized finance (DeFi). Decentralized exchanges have emerged, like Bancor, together with payment networks, like Libra, to cater to this new growing financial domain. The figure below depicts the functional architecture for access of products and services in DeFi. DeFi is composed of financial services like decentralized exchanges (DEX), decentralized lending for home mortgages, tokenization of bonds and stablecoins like Libra from Facebook. At the user end, an exchange from fiat money to cryptocurrency is needed to be able to conduct transactions over the blockchain network for availing the products and services in DeFi. DeFi offers instant transactions recorded in the immutable, distributed blockchain database, where the execution is trusted to be enforced without fraud by the coupled strength of the validators in the blockchain network. Blockchain is represented by a series of blocks, namely G for genesis block followed by an ever-expanding chain of n blocks.
