Rising global status of India in the world economy and opportunities present in terms of being one of the biggest consumer markets globally, several blockchain firms and startups are including India to remain in the growth curve.
The New-York based blockchain startup, Consensys, founded by Joseph Lubin, who is also the co-founder of Ethereum has raised India centric business activities in recent past. The company recently opened its office in Delhi with around six people have already got some big plans. In the next 12 months, the startup is looking to develop and grow a strong community of Ethereum blockchain-developers numbering around 20,000 to 50,000 members, according to its India Head, Kavita Gupta.
To start with Consensys is launching its first-ever blockchain related educational course in India in June. According to Ms Gupta, this will be the first time the company is trying its hands on educational courses to train people. She feels that India has a lot of advantage to its side as it has got a huge pool of qualified and talented engineers which will help create the initial base. And a training of three-to-four weeks will make them the best engineers in Solidity (the programming language for writing smart contracts).
Consensys has already signed several MoUs with Andhra Pradesh government for setting up of blockchain educational institute in the state and is working on the areas of supply chain and land titling. Ms Gupta revealed that Consensys India has also signed a non-binding agreement with Niti Aayog, the Indian govt. think tank on policy matters to develop blockchain prototype across healthcare, education, land registry, supply chain, and more.
Consensys plans to bring all its blockchain related solutions to Indian market over time and currently is in the process of identifying top 10 blockchain solutions that can be brought to India.
“We have 48 solutions which cover almost every industry. All these solutions will be slowly available in India over time. We are definitely bringing supply chain, banking solutions, citizen journalism, and music industry. We are identifying the top 10 solutions for the Indian market,” Kavita Gupta said.