Explain the Indian blockchain, two or three things you can’t miss
Blockchain development in India can be described as twists and turns, but the rapid appreciation of digital currency has also attracted the attention of the Indian media. The mainstream media has intensively reported on cryptocurrencies. Most articles support the attitude of bitcoin and cryptocurrency. The “investment” proposal will also reiterate the “warning” of the Indian government. In terms of industry, in October 2016, India’s major bitcoin exchanges added more than 200,000 users per month. In March 2017, ASSOCHAM, one of India’s three major industry associations, held a global summit on bitcoin and blockchain, calling Bitcoin a “revolution in the supply chain finance sector.”
According to the news website thequint.com, in May 2017, India accounted for nearly 10% of global cryptocurrency transactions. In May 2017, as demand for bitcoin grew exponentially, India’s largest exchange had to limit the purchase of bitcoin due to insufficient supply. A month later, in June, Zebpay became the seventh most popular app in the Apple app store in India, even surpassing many national bank apps.
Unlike the attitude of investors actively embracing, the legal response of Indian government regulators to Bitcoin and cryptocurrency was mostly negative. The Reserve Bank of India (RBI) issued two warnings in 2017, the first time in 2 Month, the second is in December. The Bank of India reminds people not to buy bitcoin and other virtual currencies. The Indian Finance Minister also reiterated the position of the Bank of India and added that the Indian government does not recognize the legal status of Bitcoin.
In December 2017, many of India’s major bitcoin exchanges (including at least Unocoin and cosecurity) were raided by the income tax authorities, which are allegedly looking for information records on Bitcoin and cryptocurrency functions.
Despite the government’s many regulatory efforts, Bitcoin’s trading volume has increased significantly, and all Bitcoin exchanges have experienced considerable growth. The biggest winner in the current public opinion is the blockchain technology behind the cryptocurrency, which is accepted by all levels of government and media in India, and the blockchain industry has also developed rapidly.
Next, the small series will detail the development of the Indian blockchain
I. The Indian government
The Indian government does not recognize the legal status of Bitcoin and cryptocurrency, but strongly supports the development of blockchain technology in India, while establishing an interdisciplinary committee to promote the digitization of the rupee.
1. The banknote movement indirectly boosts the development of the Indian blockchain
In November 2016, bitcoin network search volume soared since the Indian government announced the abolition of large amounts of banknotes. Since the Indian government began to abolish large amounts of banknotes, Indian bitcoin activists have been working hard to promote Indian nationals to use bitcoin.
2. Government attitude: The cryptocurrency is not a legal currency, and illegal activities related to it are strictly prohibited.
When the Indian 2018 budget plan was announced, the Indian Finance Minister refused to recognize Bitcoin and similar cryptocurrencies as legal tender.
“The government does not consider cryptocurrencies to be fiat money or coins, but will take all steps to eliminate illegal activities that use these cryptographic assets or to ban them as part of the payment system.”
3. Indian Prime Minister Modi: Subversive blockchain technology needs to be quickly integrated into daily life
Modi mentioned in the World Information Technology Conference (WCIT): “Disruptive technologies such as blockchain and Internet of Things (IoT) will have a major impact on how we live and work. They need to quickly integrate into our lives and At work.”
4. Interdisciplinary Committee composed of different institutions such as the Central Bank of India and the Ministry of the Interior
In early 2017, IDRBT, the research arm of the Reserve Bank of India (RBI), began using blockchain technology and demanded “digitalization of the rupee”.
The main functions of the committee are:
a. Inventory the status of virtual currency in India and other countries;
b. Review existing global regulatory and legal structures for virtual currency;
c. Advising on virtual currency transactions, including consumer protection, money laundering, etc.;
d. Check any other matters related to the virtual currency;
The organization will focus on building standard guidelines for blockchain asset trading, KYC/AML and STR specifications, as well as cooperating with regulators, the benefits and risks of cryptocurrencies such as Bitcoin, and the creation of incentive blocks. The environment of the chain company. In addition, DABFI will publish reports on cryptocurrencies and blockchain technologies.
5.Andhra Pradesh of India announced a new partnership with cyber security company WISeKey to secure citizen data with blockchain technology
India’s Andhra Pradesh is the seventh largest state in India. Since a large amount of personal data is kept in the database, and the recent wave of global cybercrime has swept the world, the Andhra Pradesh government announced in September 2017 that it plans to use WISeKey’s blockchain technology to protect government-recorded data. This partnership will be carried out between different departments in different departments and may be extended to other areas, such as smart cities.
6. The Indian government promotes the implementation of the first official blockchain project
In February 2018, the Indian government promoted the first official blockchain project for digital certificates with academic degrees. According to the report, the government plans to issue a tamper-proof degree certificate from students who graduated next year.
According to sources close to development, the plan is based on a blockchain solution called IndiaChain. The solution was developed by the government-run think tank NITI Aayog.
Once developed, the technology will be tested with the Indian Institute of Technology (IIT) Mumbai and various colleges at Delhi University, and Aayog will oversee implementation. The program will release digital certificates on the IndiaChain starting in 2019.
Second, the banking industry
1. Bank of India’s blockchain proof of concept (PoC)
The PoC proof of concept for the Indian central bank’s research department uses new blockchain technologies, such as smart contracts (the white paper also mentions Ethereum).
Participants in this distributed ledger include IDRBT (coordinator), Indian national payment company (supervisor), and some banks, including Citibank, Deutsche Bank and the well-known regional banks HDFC, SBI and PNB, and are responsible for implementing the Platform blockchain service company MonetaGO
2. India’s third largest private bank, AxisBank, announced the implementation of the Ripple blockchain solution into the core banking business of the bank’s cross-border remittances.
Prior to Axis Bank, its competitor, ICICI, India’s largest private bank, announced the successful trial of blockchain remittances in October 2016.
In mid-2016, ICICI Bank established a digital department dedicated to learning, developing and utilizing blockchain projects. In an interview, the head of ICICI Bank said that the bank is “continuously paying attention” to blockchain technology and intends to provide it as a banking service solution to its customers.
Another well-known Indian private bank, Yes Bank, announced the implementation of a multi-node blockchain solution for supplier financing, and it has already invested in a smart contract-based distribution from the open-book blockchain project superbook. Account book. Yes Bank uses IBM as its technology partner to use its technology giant’s “hybrid cloud” platform to host its own blockchain.
3. National Bank of India officially launched Bank-Chain, India’s first national blockchain alliance, to promote the cooperation of Indian banks in the development of blockchain
In February 2017, India’s largest commercial bank, the National Bank of India (SBI), officially announced the launch of a new project, the Bank-Chain, which will be India’s first bank blockchain exploration alliance.
A spokesperson for SBI said that Bank-Chain will enable major banks to jointly explore, create and implement blockchain solutions that minimize fraud and improve efficiency, security and transparency. Bank-Chain is now officially established with the help of Primechain Technology.
Primechain is an Indian startup focused on blockchain. Axis Bank, Central Bank of India, DCG Bank, Deutsche Bank, HDFC Bank, ICICI Bank, IDBI, Kotak Mahindra Bank and Saraswat Bank also expressed their interest in working with Bank-Chain.
4. The Bank of India Alliance launched the blockchain KYC system to achieve customer information exchange
The Indian Blockchain Alliance has launched a new customer information sharing system centered on banking applications. The project, called “ClearChain,” was initiated by the BankChain Alliance. According to reports, the ClearChain system supports customer information exchange, including electronic transfers and survey reports (such as suspicious activity reports) data.
Third, the association
1. India Digital Assets and Blockchain Foundation (DABFI)
At present, India’s largest blockchain self-regulatory body is the Indian Digital Assets and Blockchain Foundation (DABFI) established in early 2017. The self-regulatory body is made up of Indian bitcoin startups such as Unocoin, zebpay, coinsecure and searchtrade.
The organization will focus on building standard guidelines for blockchain asset trading, KYC/AML and STR specifications, as well as cooperating with regulators, the benefits and risks of cryptocurrencies such as Bitcoin, and the creation of incentive blocks. The environment of the chain company.
2. Blockchain Foundation of India
On December 21, 2017, India’s local blockchain startups launched the “Blockchain Foundation of India” to further instill “blockchain thinking” in various industries in India. Located in the capital of New Delhi.
Given India’s relatively weak regulatory legislation on bitcoin and blockchain, the establishment of the Indian Blockchain Foundation is particularly important. This is the second blockchain industry organization launched by India following the Digital Assets and Blockchain Foundation (DABFI) in India. The former focuses on the regulation of Bitcoin, while the latter is to actively promote the block. The development of chain technology and accelerate the promotion of blockchain technology in local banks.
The establishment of the Indian Blockchain Foundation is organized by Coinsecure and Velix.ID, which has attracted members such as the National Information Center of India, PricewaterhouseCoopers, Nokia, Yes Bank and GlaxoSmithKline.
Fourth, large companies
On October 22, 2015, Indian business giant Ratan Tata and American Express announced a strategic investment in American virtual currency startup Abra. Although Laden Tata is one of India’s most active angel investors, it is the first time in his history that he has entered Bitcoin.
Abra uses Bitcoin to operate their currency remittance system and is the world’s first P2P network to deliver digital currency. Users can transfer funds to Abra’s user account. Merchants can use Abra to accept payments from customers, all by simply connecting the API to their website or mobile app.
2. Indian multinational giant Ma Hengda
On November 30, 2016, Ma Hengda Group announced a partnership with IBM to develop a blockchain solution to reshape India’s supply chain finance.
Ma Hengda Group is taking the lead in using blockchain to disrupt traditional businesses and promote further development, financial services, automotive, mobile and agricultural technologies. This proof of concept will further promote the blockchain to become a more attractive and effective supply chain solution for Ma Hengda’s financial SME loan business.
3. India’s largest consortium Reliance (Rui Laisi Industrial Company)
India’s largest and most market-leading consortium, Reliance Industries, has developed its own cryptocurrency, JioCoin, through its telecom subsidiary Reliance JioInfocomm. The project will have a team of 50 blockchain technology professionals to develop supply chain management logistics applications and create smart contracts.
The company has a vast network of entertainment products, including Jio phones, JioTV, JioNet WiFi, Jio cameras, Jio music and more notable Jio Money. With Jio Money, Reliance Jio has opened its own payment gateway and wallet, which allows them to get discounts on food, travel, accommodation and more.
If you have your own cryptocurrency, imagine that Reliance Jio can issue points in the form of cryptocurrency and then use it for shopping throughout the Jio ecosystem.
4. IT consulting giant Infosys (Incesys)
Infosys Ltd, a global technology services company headquartered in Bangalore, India.
On April 27, 2016, Edgesys Systems, a product subsidiary of Infosys (NYSE: INFY), announced the Infosys Finacle Universal Banking Solutions Portfolio, which announced its intention to further promote blockchain technology in the global financial services industry. EdgeVerve Blockchain Framework.
The goal of development is to provide value-added solutions and technologies based on blockchain.
It is reported that this product is called EdgeVerve blockchain framework, which aims to further promote the use of blockchain technology in the financial services field.
5. Indian retail giant Future Group (Future Group)
The stores of the Future Group, a large Indian retail group, include Big Bazaar (Indian Wal-Mart), which announced the creation of a new “Consumer and Digital Lab” in the Indian Technology Center in Bangalore. The goal is to use the blockchain to improve the consumer experience.
This “Future C&D Lab” is committed to introducing solutions for consumers with new and innovative technologies. In addition to blockchain technology, artificial intelligence (AI), big data analytics, the Internet of Things (IoT) and robotics are the research directions of this lab. The goal is to enhance retail experiences in payments, consumer identity and customized one-to-one consumer communications. Supply chain automation, supplier contracting, analysis, and predictive modeling are also part of the back-end retail process.
6. India shared car company Drivezy
The Indian version of the “Drip” Indian shared car company Drivezy received 650 million rupees (about 10 million US dollars) in financing in October 2017. The company has partnered with Unocoin, India’s leading bitcoin exchange, to help streamline bitcoin transactions. Unocoin even launched ICO for Drivzy. Drivezy’s acceptance of bitcoin payments represents a shift in bitcoin payments to car-related startups.
Drivezy has entered the fast lane accepted by Bitcoin. The company is taking broader steps to expand its operations in India.
Five, blockchain incubator
In December 2016, GBMiners, the Indian mining pool, established the first blockchain incubator in Southeast Asia – Nakamoto Satoshi Studio. The vision is to make New Delhi a South Asian blockchain technology center. GBMiners is the first Bitcoin mining tank in India to master 5% of the entire world’s bitcoin computing power.
The server will provide a three-month intensive residential project for businesses in New Delhi. These companies are able to interact with the GBMiners team, other blockchain startups and top Bitcoin industry experts. The incubator will provide $50,000 in funding for these companies.
Sixth, India blockchain industry analysis
1. Universal application and technology extension layer: Provide services and interfaces and related technical services for the vertical application layer of the industry.
(1) Elemential Lab
Mumbai-based elemental laboratories are blockchain intermediaries for service companies. As a blogging system for blockchain spaces, Element Labs products are industry-free and used by NSE to create KYC utilities that instantly assign asset registrations and manage royalties for media licenses.
NSE has been applied to Element Lab’s blockchain-based solutions, and according to Raunaq Vaisoha, the NSE project manager, such as the blogging system, Element Lab allows users to build their own chains, and the company’s products provide these users with Support and development experience, using blockchain for results.
Sofocle in New Delhi founded Nidhi Chamria in 2016. In order to cater to the needs of the supply chain and financial services, it is built on the hyperledger superbook to provide solutions for companies in the fields of smart contract, supply chain, finance, insurance, medical, manufacturing and so on.
This product helps suppliers to provide loans to manufacturers without the need for documentation. SofoCap recently won the “Fullerton India Supply Chain Finance Challenge” at the Vizag Blockchain Conference. Among other products, when SofoChain focuses on recording and verifying the transfer of assets, it simplifies international trade settlement.
Cateina was founded in 2017 by Sanachit Mehra to provide blockchain solutions for business process automation. The solution helps to ensure uncontested continuity of trade. Even when dealing with third-party APIs, transactions are guaranteed to be private and encrypted.
YES Bank has announced that it has implemented a multi-node blockchain transaction to fully digitize supplier financing developed by Cateina Technologies. Cateina uses the Hyperledger superbook, an open source platform for writing code for blockchain solutions. Focus on DLT, EAI and the Internet of Things is an important part of the company’s business, with customers from the US, Spain, Singapore and West Asia.
Headquartered in Bangalore, EzyRemit provides blockchain power solutions for the remittance market. The blockchain solution focuses on larger ecosystems and organizations, attempting to use blockchain and cryptocurrency techniques for trust verification, distributed computing, and process simplification.
The company was founded in 2015 by Vishal Kanvaty and Abhijit Jaswal and its products include Ezy remittance, EzyHedge, Ezy remittance B2B.
Auxesis is one of India’s most experienced start-ups focused on building enterprise blockchain solutions. With a global presence, Auseesis is currently focusing on proprietary blockchain solutions, including enterprise-class blockchain infrastructure, production-preparation-security, performance and scalability.
The company was founded in 2015 by Kumar Gaurav and collaborates with custom-built and custom application development in London-based Cashaa, IITB e-cell and Mumbai-based blockchain laboratories.
The blockchain startups are used in insurance, supply chain, capital markets, cross-border remittances and other fields.
Some of its products include: AuxLedger, AuxCE, AuxPay, Darwinsurance, Token Bazaar.
(6) KrypC Technologies
It was co-founded in February 2016 by Ravi Jagannathan and Venkatraman Viravanallur. KrypC has created a B2B platform through offices in Bangalore, the Netherlands and the United States to facilitate the use of blockchain technology in different areas.
KrypC integrates and creates real business applications for the DLT network. By using its proprietary connectors, companies can create digital assets, build business rules for asset flows, and obtain verification information for transactions and digital assets in the DLT network.
The startup’s financial industry-specific connectors are tailored for transfers, trade finance and pre-approved loans. KrypC has extensive experience in digital signing certificates, security and cryptography, and holds several patents in the areas of mobile wallets, digital currency, security and payment solutions.
KrypC recently released KrypCore, the MVP version of their middleware platform, which addresses the company’s resistance to blockchain. By using KrypCore, companies can create a customized blockchain with zero-code work.
(7) Accubits Technologies Inc
Accrabits, headquartered in Kerala, is a research and development center located in India and Dubai, focusing on the development of artificial intelligence and blockchain solutions. The company is developing blockchain service platforms ranging from fashion technology to complex CRMs.
(8) Somish Solutions Ltd
By using a low-level framework such as Ethereum and Superbook to create a private, licensed or public blockchain MVP, Somish Solutions develops blockchain-based applications for P2P insurance, aviation maintenance. , distribution logs, tokenized funds transfer, etc.
Its flagship product is based on the Ethereum platform for financial, retail, supply chain, manufacturing and other areas.
2. Vertical industry application layer: Blockchain technology empowers various industries. The most mature and extensive industry is digital currency and finance, and the content sector is the first Chinese team.
(1) Three major bitcoin exchanges of digital currency
Zebpay is the largest bitcoin exchange in India. Support for mobile Bitcoin wallet applications, the platform only offered trading services earlier. But since June of this year, it has entered the payment field, and its users can now use Bitcoin to buy vouchers for websites such as Amazon, Flipkart, Freecharge, Bookmyshow and Makemytrip.
In July 2017, Zebpay and telecom operators Vodafone, Tel, Tata Group, Docomo Operating Company and BSNL and MTNL launched a number of mobile operators to prepay or postpone payments to users using Bitcoin applications. plan.
The program also includes several DTH vendors. According to the company, at least 500 new users will register Bitcoin applications every week. Its Android app has been downloaded more than 500,000 times in May and became the 7th most popular financial app in the Apple App Store in June.
Unocoin is India’s most popular bitcoin company, with a focus on merchant services. It is reported that the platform has more than 300,000 registered users, and the average monthly transaction volume is more than 200 million rupees.
Coinsecure is India’s fastest 24/7 real-time bitcoin trading platform and is India’s leading bitcoin trading platform. It is the only Bitcoin company in India that is ISO certified, offering Bitcoin wallets, exchanges and business services. In addition, Coinsecure has a powerful developer platform and a set of APIs. The company is headquartered in Delhi and the research and development department is located in Bangalore.
On September 21, 2016, Coinsecure announced a partnership with OKLink to provide blockchain technical support for Indian remittance services. OKLink is a new product from OKCoin that provides digital asset and blockchain global transaction settlement system services. India is the world’s largest recipient of remittances, and the cooperation between the two sides is a major milestone in bitcoin and blockchain technology.
(2) Financial applications
Insurance · Bajaj Allianz GeneralInsurance
It officially announced on July 7 that it will integrate blockchain technology with some insurance products. The implementation of this technology will effectively help accelerate the claims process. This new measure will also help save time, reduce claims and make products easier for consumers to use.
The technology of Bajaj Allianz General Insurance helps to reduce the turnaround time of some planned solutions, and because the blockchain technology connects customers directly to suppliers without the need for third parties, the claims process can be accelerated. This technology can be integrated with different travel providers to provide services starting with the Travel Alliance.
Investment · PrimechainTechnologies
Founded in 2016 by Rohas Nagpal and Shinam Arora, the double-key-based gold chain technology is the key to developing a blockchain-based solution for the Indian banking system. Primechain has also developed some blockchain-based customization projects for companies in Canada and Singapore. The blockchain startup has developed a range of products, including gold chains, gold contracts, gold loans, gold chain APIs, and gold investments.
Primechain also launched a Primechain-P5 platform designed to provide better cross-border transaction services. According to reports, the trading platform supports 7*24 non-stop transactions, and the cost is lower. In addition, Primechain is also using Microsoft cloud services, Microsoft Azure application interface integrates anti-fraud solution and anti-money laundering compliance check function. According to reports, P5’s global remittance is 59 seconds, almost zero, and automatically adjusted, 24 hours a day.
Credit Information · Signzy
Based in Bangalore, Signzy offers digital credit solutions based on blockchain and AI to simplify and protect the mathematical and regulatory process.
In May 2016, the first app was launched to help customers streamline their identity and contract management processes.
Signzy now offers digital management solutions for banks, NBFCs and other financial institutions. Digital intelligence is simple but still safe through artificial intelligence and blockchain.
(3) Digital currency – blockchain wallet
India’s cryptocurrency exchanges were also launched with the support of major Indian players, and BitIndia is backed by John McAfee.
BitIndia will introduce an open source platform that allows users to conduct secure transactions and hold the private key of the cryptocurrency at the blockchain node. The Bitcoin wallet will change the structure and concept of the current encrypted wallet. While the goal of the BitIndia wallet is to make the blockchain mainstream in India, the BitIndia exchange will allow any layman to buy, sell and understand cryptocurrencies on the simplest and fastest free platform.
Clean Energy Access Network (CLEAN)
The QTUM-based Dapp project Energo Labs and the Indian Clean Energy Access Network (CLEAN) organization formally signed a cooperation memorandum of understanding on December 15, 2017, announcing that the two parties will work together to promote the application of clean energy in off-grid areas in India, and also indicate Blockchain technology will be integrated into India’s energy system.
As the leading off-grid energy agency in India, the organization focuses on four areas: policy, finance, skills training and technological innovation.
CLEAN is a group of 12 key leaders in the de-centralized energy industry in India. It aims to provide economical and reliable green energy for areas with a total coverage of more than 300 million people and unable to connect to the national mains.
The partnership with the organization also means that Energo will work hand in hand with CLEAN to bring India’s clean energy based on microgrid with transparent and decentralized technology. The partnership gives Energo the opportunity to work with more than 100 leaders from India to improve the transmission of energy in rural and urban poverty in India.
(5) Manufacturing – Supply Chain
Headquartered in Hyderabad, StaTwig is involved in the Internet of Things and blockchain, providing real-time tamper-proof end-to-end tracking to identify problems and inefficiencies in the supply chain. The solution provides real-time tracking and visibility into the life of the product, including geographic location, temperature changes, and all transactions, contracts, and payments related to the product in the supply chain.
(6) Software Services – Cloud Storage
It was founded in 2016 by Toshendra Sharma. RocordsKeeper aims to replace cloud storage technologies like Dropbox or Google Drive. It is based on blockchain technology, document storage for point-to-point structures for businesses or individuals. This platform allows users to securely store documents, data or any transaction information in a private chain without the need for central authorization.
A blockchain-based data security solution allows for the creation of verifiable and immutable records of any data type in traditional technologies such as MySQL, Oracle, and MSSQL.
(7) Software Service – Authentication
Located in Mumbai, GetXS is developing a blockchain technology based on digital identity that allows users to securely authenticate on the Internet.
So far, the company has created 40,000+XSIDs. When logging in IDs, the user does not have to remember multiple passwords, and by providing the user with a unique digital key, the user can use the password on all relevant platforms.
(8) Content – Copyright Protection
CNN- Content Neutrality Network India’s first Chinese team blockchain project
CNN (Content Neutrality Network) is a revolutionary content ecosystem based on blockchain technology. It breaks the content barrier between communities, innovates the income distribution mechanism, implements the decentralized customer acquisition and incentive model, and aims to create a new era of more open, efficient and trustworthy content.
CNN has entered into a strategic partnership with Newsdog, India’s number one news app. The latter has more than 40 million users and 15,000 self-media authors.
CNN has a very rich real-life application scenarios: reward mechanism, incentive model, topping competition, content creation, content reprint incentives, community committee voting, etc. Distributed reputation systems are a guarantee of a more equitable income distribution mechanism. Consensus mechanisms and smart contracts ensure efficient implementation of passengers and incentives.
[Titanium Media Author: Zhu Road, JessieXU;
根据新闻网站thequint.com的数据，2017年5月，印度占全球加密货币交易的近10%。2017年5月，随着对比特币的需求呈指数级增长，以至于印度最大的交易所不得不限制比特币的购买，原因是供应不足。一个月后，在6月，Zebpay成为了印度苹果应用商店(Apple app store)中第7个最受欢迎的应用程序，甚至超过了许多国家银行的应用程序。
该组织将重点打造区块链资产交易的标准指南、KYC/ AML以及STR规范，同时与监管者进行合作，科普有关比特币这类加密货币的好处及存在的风险，并创造出能够激励区块链公司的环境。此外，DABFI 还会发布有关加密货币以及区块链技术的报告。
Primechain是一家专注于区块链的印度创业公司。印度同心银行（Axis Bank）、印度中央银行、DCG银行、德意志银行、HDFC银行、ICICI银行、IDBI、Kotak Mahindra银行和Saraswat银行也都表达了与Bank-Chain合作的兴趣。
2.印度区块链基金会（BlockchainFoundation of India）
2017年12月21日，印度本土区块链初创公司发起成立了“印度区块链基金会（Blockchain Foundation of India）”，旨在进一步在印度各个行业“灌输”区块链思维，该基金总部设在该国首都新德里。
印度最大和市值最高的联合体印度瑞来斯实业公司（RelianceIndustries）通过其电信子公司Reliance JioInfocomm开发自己的加密货币——JioCoin。该项目将拥有一支由50位区块链技术专业人员组成的团队，开发供应链管理物流应用和创建智能合约 。
这家公司拥有一个庞大的娱乐产品网络，包括Jio手机、JioTV、JioNet WiFi、Jio相机、Jio音乐以及更值得注意的Jio Money。通过Jio Money，Reliance Jio已经开放了自己的支付网关和钱包，使用这些产品可以在购买食物、旅行、住宿等方面获得折扣。
2016年4月27日，印孚瑟斯(Infosys)(NYSE: INFY)旗下产品子公司EdgeVerveSystems（提供Infosys Finacle通用银行解决方案组合）公布了其旨在进一步推动全球金融服务业采用区块链技术 EdgeVerve Blockchain Framework（EdgeVerve区块链框架）。
印度大型零售集团Future Group旗下的商店包括Big Bazaar（印度版沃尔玛），他们宣布在印度科技中心班加罗尔建立一个新的“消费者和数字实验室”。目的在于用区块链改善消费体验。
该产品帮助供应商在不需要文件的情况下，向制造商提供贷款。SofoCap最近在Vizag区块链会议上赢得了“Fullerton India Supply Chain Finance Challenge”。在其他产品中，当SofoChain专注于记录和验证资产的转移时，则会简化了国际贸易结算。
该公司成立于2015年，由Vishal Kanvaty和Abhijit Jaswal创建，其产品包括Ezy汇款、EzyHedge、Ezy汇款B2B。
它于2016年2月由Ravi Jagannathan和Venkatraman Viravanallur共同创立。KrypC通过在班加罗尔、荷兰和美国的办公室创建了一个B2B平台，以方便在不同领域采用区块链技术。
（7）Accubits Technologies Inc
（8）Somish Solutions Ltd
保险 · Bajaj Allianz GeneralInsurance
Bajaj Allianz General Insurance的技术有助于将一些计划的解决方案的周转时间降低，由于区块链技术将客户直接与供应商连接，而不需要第三方，因此可以加速索赔过程。这项技术能够与不同的旅游供应商进行整合，从旅游联盟开始提供服务。
投资 · PrimechainTechnologies
由Rohas Nagpal和Shinam Arora创建于2016年，基于双键的黄金链技术是开发印度银行系统的基于区块链的解决方案的关键。Primechain也为加拿大和新加坡的公司开发一些基于区块链的定制项目。这家区块链的初创公司开发了一系列产品，其中包括黄金链、黄金合同、黄金贷款、黄金链API、黄金投资。
征信 · Signzy
Clean Energy Access Network (CLEAN)
基于QTUM的Dapp项目Energo Labs与印度Clean Energy Access Network (CLEAN)组织于2017年12月15日正式签订了合作谅解备忘录，宣布了双方将携手促进清洁能源在印度离网地区的应用，同时也预示着区块链技术将被整合到印度的能源系统中。
它由Toshendra Sharma于2016年创立。RocordsKeeper目标是替代像Dropbox或Google Drive这样的云存储技术。它是基于区块链技术，针对企业或个人的点对点结构的文档存储。这个平台允许用户在不需要中央授权的情况下，安全地存储文档、数据或任何交易信息在私有链中。
CNN- Content Neutrality Network 印度首家中国团队区块链项目
CNN( Content Neutrality Network)是一套革命性的基于区块链技术的内容生态系统。它打破社区间的内容屏障, 革新收益分配机制，实行去中心化的获客和激励模式，旨在开创一个更加开放、高效、互信的内容新时代。