“Block chaining India’s Digital Future – Block chain and ICO” concludes on a successful note

monuIndia’s biggest ever Block chain event,Block chaining India’s Digital Future – Block chain and ICO”, concluded on a highly successful note in Mumbai.The day-long event aimed to increase awareness and know how on block chain technology and its implementation across various sectors of the Indian economy.

Block stein and Innov8 in association with Indian Block chain Council have planned to conduct a series of such events to shed more light on different aspects of block chain technology. In order to achieve this objective, they have partnered with In2IT Technologies, the leading IT consulting and services company to build a community over Block chain Technology across India.The events are scheduled to take place in the next 3 months across all major cities in India including Delhi, Bangalore, and NCR, among others.The underlying idea is to open Indian Block chain Council chapters across all major cities and build the developer and enthusiast community for Block chain in India.The event in Delhi will be held on October 7, 2017.

As per the Deloitte-Assochamreport, published in April 2017, the disruptive potential of blockchain, with its decentralised ownership, immutability, and cryptographic security, is now catching the attention of top executives across industries. Moreover, according to the global research firm MarketsandMarkets, the Blockchain market is estimated to grow from $210.2 million in 2016 to $2.31 billion by 2021. With increasing awareness regarding the huge range of benefits associated with moving their operations to the Blockchain-as-a-Service (BaaS) platform, enterprises aim to solve complex, real-life problems using blockchain platforms.

Speaking on the occasion, Vishal Nigam, Co-Founder/CEO Blockstein and Chairman Indian Blockchain Council said,

“2017 should be the year where there is more implementation of products utilizing block chain tech, and less talk about block chain tech being the magical pixie dust that can just be sprinkled atop everything. Of course, from a customer’s viewpoint, this will not be obvious as block chain tech should dominantly be invisible – even as its features and functionality improve peoples’/business’ lives. I personally am familiar with a number of large-scale block chain tech use cases that are launching soon/2017. This implementation stage, which 2017 should represent, is a crucial step in the larger adoption of block chain tech, as it will allow skeptics to see the functionality, rather than just hear of its promise. Block stein is one that startup who will be launching various products and solutions within 2017 over block chain and cryp to currency.”

The pioneering event successfully positioned itself as an interactive platform where startups, technologists, finest minds of the fin tech ecosystem, thought leaders, analysts, and block chain enthusiasts from across the globe shared their knowledge on one of the most sought after technologies in the world – Block chain. During the event, Indian Block chain Council (IBC) has joined hands with two startups over the conference to help them build the solutions over Block chain. Moreover, IBC and Block stein have got together to start the developer community for building the block chain technology ecosystem globally.

Pravash Dey, CEO Indian Block chain Council said

“IBC and Startup India must join hands together in order to build the most stable block chain ecosystem across the world. IBC being the official chapter for Block chain Technology across country plans to join hands with all the state government in order to build the solutions over it. We are also now focusing over the Smart Cities and how block chain will be an effective technology that can be helpful to build better solution for the Smart Cities.”

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