Blockchain

Grow Digi gets two patents for sector agnostic blockchain tech layer

Indian blockchain technology startup Grow Digi has been granted two patents comprising technology that reduces need for data storage by about 95 per cent, reduced time for transactions and enhances security, a top official of the firm said. Grow Digi Founder and Managing Director Sachin Kumar told PTI that the bootstrapped company has developed a layer 1 or base layer of blockchain technology with base in India that will allow enterprises to develop their blockchain-based applications. "We have been granted two patents from the government's patent office. We are the first Indian firm to have layer 1 registered in India. The patents will reduce data storage requirement by 95 per cent in the blockchain as well as reduce transaction time from minimum of 5 seconds to less than 300 millisecond," Kumar said. Layer 1 serves as the first layer which is required for enterprises to develop their applications. Kumar said the company's patented technology can replace the present system of ...

Visa unveils platform for global banks to issue stablecoin, other tokens

The product is designed to let banks use their tokens within smart contracts for programmability

54 new spacetech startups in 2023 represent new opportunities for India

Spacetech startups are harnessing artificial intelligence and 'deep technologies' like Blockchain and Internet of Things to transform industries and solve pressing societal challenges

JPMorgan Chase eyeing Swiss corporate business gains, blockchain boost

One of the leading foreign banks in Switzerland alongside peers including Deutsche Bank, Citigroup, HSBC and BNP Paribas, JPMorgan has given itself three to five years to expand its position

K'taka okays Rs 100 cr 'Nipuna Karnataka' scheme after local job quota row

The 'Nipuna Karnataka' programme, which includes a Rs 10 crore pilot project, is aimed at boosting the global competitiveness of state's young workforce

Telegram 'Black Swan event' shows risk in crypto deals as Durov detained

Pantera Capital Management, Animoca Brands and Mirana Ventures are among more than a dozen firms that invested in Toncoin, whose blockchain is being used on Telegram

After forensic analysis, WazirX blames wallet provider for crypto heist

Liminal clarifies its systems were not compromised

CoinDCX announces customer protection fund days after WazirX heist

CoinDCX has instituted the fund by allocating Rs 50 crore from its own cash reserves

WazirX fallout: On crypto bourses table, a reparation fund for clients

Traditional insurance products for crypto difficult ask: Experts

WazirX unveils recovery plan after $230 mn cyberattack, seeks user vote

WazirX will socialise the loss and distribute its impact across all the users on the platform

Kabosu, Japanese dog who inspired Dogecoin and Shiba Inu, passes away at 17

Crypto icon Kabosu, the Japanese dog who inspired Dogecoin and Shiba Inu, passed away at the age of 17. The owner of the dog shared the information through his blog post

NFTs lag amid crypto surge: Hope to revive interest lies in tokenisation?

Cryptocurrency and NFTs, connected through blockchain, once scaled their peaks hand in hand

Ex-crypto mogul Sam Bankman may go to jail for defrauding FTX investors

Former crypto mogul Sam Bankman-Fried faces the potential of decades in prison when he is sentenced on Thursday for his role in the 2022 collapse of FTX, once one of the world's most popular platforms for trading digital currency. Bankman-Fried, 32, was convicted in November of fraud and conspiracy a dramatic fall from a year earlier when he and his companies seemed to be riding a crest of success that resulted in a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady and comedian Larry David. A jury found that Bankman-Fried illegally used money from FTX depositors to cover his expenses, which included purchasing luxury properties in the Caribbean, alleged bribes to Chinese officials and private planes. Prosecutors recommended a prison sentence of 40 to 50 years. The defendant victimised tens of thousands of people and companies, across several continents, over a period of multiple years. He stole money from customers who entrusted it to him; h

Flipkart forms strategic partnership with digit asset company Fireblocks

'India is fast emerging as the global hub for innovation in Web3,' said Ravi Krishnan, Head of Flipkart Labs

In the wings: The creator economy

…current industry models will soon fade out

Significant increase in demand for AI, blockchain talent in India: Report

India's tech industry is going through a transformative stage and the growing demand for automation and technical skills like big data analytics and artificial intelligence has created the need for skilled talent in the industry, says a report. According to global recruitment firm Michael Page India, there was 28-30 per cent growth in the demand for Artificial Intelligence (AI), blockchain, Machine Learning (ML) and Cyber Security talent in the third quarter of 2023. "As AI continues to transform various sectors, companies are seeking top talent to harness the potential of this technology. The demand remains high for experienced talent at mid to senior levels," said Pranshu Upadhyay, Regional Director of Michael Page India. Demand remains high for experienced talent at mid to senior level. Observing the job postings volume on the Michael Page India website, a significant surge in demand, ranging from 28-30 per cent, was seen in Q3 2023 compared to Q1 and Q2. "A noticeable shift is

STPI sets-up incubation hub to incubate 100 blockchain startups in 5 years

State-run Software Technology Parks of India has set-up an incubation facility at its Gurugram campus with a target to incubate 100 startups in five years, an official statement said on Friday. The incubation facility of Apiary Center of Entrepreneurship (CoE) at STPI-Gurugram was set up in collaboration with MeitY, STPI, Haryana government, Padup Ventures, IBM, Intel, GBA and FITT. "Apiary is one of the CoEs of STPI which is focused on Blockchain Technology. It targets to incubate an overall 100 startups in a period of five years," the statement said. The incubation facility was inaugurated by Electronics and Information Technology Secretary S Krishnan. "Meeting the young entrepreneurs was quite an enriching experience. The way these entrepreneurs have addressed real-world problems using cutting-edge technology is really commendable. "In the last three decades, the way we have used technology is the key benchmark for our country's exponential growth," Krishnan said. The CoE has

Nations must share experience in keeping digital markets free: CCI chief

Evolving markets and technology create fresh challenges in competition law and policy, says Ravneet Kaur

Open-source solution from AyanWorks gets Digital Public Good status

The verifiable digital credential system CREDEBL has been included in the registry of digital public goods maintained by DPGA

Google unveils NFT policy for Play Store to incorporate tokens into games

NFT investors, who have watched prices of their collections fall and interest in the digital-asset market wane, see the changes in Google's policy as a sign that the market is not dead yet