Vizitech
Solutions, a Fintech company based out of Pune, recently signed an agreement
with Japanese blockchain start-up, Chaintope to set up a blockchain R&D center.
This center, to be located in Pune, will conduct innovative blockchain research
and will train developers in this revolutionary technology.
Chaintope
will leverage this new center to further research and product development in
areas such as Smart Contracts, a space where the company has already positioned
itself as a market leader. For instance, Chaintope recently launched in Japan a
blockchain application to facilitate real estate transactions by storing
validated land ownership records, allowing faster land deals and reducing
fraud-related losses.
Vizitech
Solutions, a fast growing company in the Managed Services domain, will manage
the R&D center in Pune. The company will hire and train high-quality
blockchain developers and will help organizations in the U.S. and Japan with
their research projects.
"This
venture will combine Chaintope's cutting-edge research with Vizitech's market
leading execution. It will be a great space for young and interested developers
to explore this new life-changing technology and have access to opportunities
both in India and abroad," says Anandsagar Shiralkar, Founder and CEO of
Vizitech. Vizitech's team and Mr. Hideki Shoda (Founder, Chaintope) visited
multiple colleges back in October, including SICSR and PICT, the result of
which was a number of promising hires. "We hope to create opportunities
for many more candidates soon," says Mr. Shoda, whose vision for the
R&D center is to become a digital playground for young blockchain
developers and enthusiasts in India.
Vizitech
had been exploring the blockchain space for over a year. Their team created
Blockchain Meetup groups, taught over 10,000 students via online courses and
formed an international blockchain community of experts, investors,
entrepreneurs and developers, focused on creating a resource pool of quality
blockchain developers and partners for projects in the U.S., Japan, Middle East
and India.
Blockchain
is a distributed ledger system that eliminates intermediaries and cannot be
hacked. This technology, which was originally born as the supporting technology
for the viral cryptocurrency 'Bitcoin' has expanded into many other industries
with potential far reaching consequences in their respective domains.
Blockchain
awareness is increasing in India with initiatives like the Bankchain consortium
(which now has more than 27 banks) and the Fintech Valley in Vizag. Add to
this, the scope for growth in the digital economy in India and the future of
this new technology is boundless.
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