Developer hackathons, educational sessions at technical universities, and a variety of other activities are examples of AlgoBharat’s strong community-building and education initiatives in India, which are reflected in the high regional participation. These activities have had the goal of growing interest and adoption in Algorand and the broader blockchain industry among developers working for startups as well as enterprises that have been operating for a significant amount of time in India.
The following businesses are examples of those that are part of the AlgoBharat ecosystem:
Contrato is the world’s first KYC embedded contracting solution driven by blockchain smart contract, and it offers a solution for smart contracts and finance management for Small Medium Businesses and Startups. Contrato is a solution for smart contracts and finance management. Trusted and decentralised financial systems are the foundations upon which Contrato is developing the next generation of commercial transactions.
Dapps.co is an app store for decentralised applications that also includes additional levels of communication and notifications, commerce (paid apps and in-app purchases), ratings, and DIDs. Its goal is to make the Web 3.0 experience more fluid.
Dygnify is a DeFi protocol that enables global digital asset investors to locate and invest loan capital in creditworthy SMB-focused credit fintechs/lenders throughout high-growth emerging markets while delivering digital asset liquidity to Small Medium Business (SMB)-focused credit Fintechs.
EKO India Financial Services is a well-established financial technology company in India. The company enables digital product brands to tap into and collect digital payments from customers by utilising a one-of-a-kind platform comprised of micro-entrepreneurs who are deeply embedded in the community. Over the course of the past 15 years, Eko has provided service to more than 50 million clients through a network of more than 300 thousand micro-entrepreneurs. Eko’s goal is to implement a distributed identification system that will further democratise access to services for its users by leveraging the benefits offered by blockchain technology.
Fragments is a platform that enables users to create on-chain vaults for the purpose of establishing a fund, defining its objectives and governance, raising funds from retail investors, and investing jointly in accordance with the governance structure that has been decided upon. It provides, in essence, a communal investment DeFi solution that includes multichain fundraising, four different forms of governance, and trading history of user profiles.
The Web 3.0 platform known as Kalga Labs makes it possible for content makers and creators to work together in a manner that is more effective. The first product that Kalga Labs has released is called InFiction, and it is a solution that is the first of its kind allowing TV and film writers to display their work through a decentralised database that has built-in tools, analytics, and creative possibilities.
A white label, software as a service (SAAS) platform called NFTVerse was developed with the intention of bridging the gap between Web 2.0 and Web 3.0. The platform enables businesses, brands, celebrities, influencers, and creators to develop their own fully customizable Web 3.0 apps by integrating with their current Web 2.0 apps and websites. These apps can include NFT shops, Marketplace, Crypto wallets, and Crypto tokens.
Nowigence is a company that specialises in the management of knowledge and employs the Web 2.0 technology known as PluarisTM to assist enterprise personnel in enhancing their existing knowledge with information and training materials derived from a variety of data sources. Nowigence is currently transitioning to a blockchain solution based on Algorand in order to verify and recognise skill acquisition through the use of decentralised proof of knowledge and proof of experience. This includes social learning, community driven peer-to-peer learning, personalised learning, gamification and reward system, and hybrid learning models that make use of events.
Wize is a one-stop NFT infrastructure and API toolkit that can create a personalised and secure digital experience for businesses, DAOs, and developers. It does this by providing POAP (Proof of Attendance Protocol) NFTs, Identity NFTs, Certificate NFTs, Event Ticketing, and a variety of other NFTs. With its robust dashboard, no-code application, software development kits (SDKs), and application programming interfaces (APIs), Wize overcomes the issues of Web 3.0 adoption across a wide range of industrial verticals. Wize also offers NFT tokenization as a service for B2B applications.
Anil Kakani, the Head of AlgoBharat, expressed his delight at the large number of Indian attendees at this year’s Decipher event, saying, “We are happy to have such strong presence from India.” “These enterprises are simply a selection of the use cases that we anticipate will drive the organic proliferation of Algorand in our region. Each of these businesses is aware of the enormous benefits that the Algorand blockchain provides, and they are also included here. India is home to some of the most talented software engineers in the world, and they are well-positioned to harness the potential of blockchain technology to solve some of the world’s toughest problems. These businesses, which were showcased at Decipher, are just a few of the many on Algorand that are paving the path for Web 3.0.”
The following presentations will be accessible to livestream for free on the YouTube account of the Algorand Foundation:
29 November, between the hours of 11:25 AM and 12:05 PM (GMT +04): The topic of “Financial Inclusion at Scale: A World Tour” will be discussed, and Abhinav Sinha, cofounder of EKO, will be one of the speakers along with representatives from VISA CEMEA, FlexFinTx, and AgroToken.
During the Decipher pitch competitions on the 29th and 30th of November at 1:00 PM and 2:00 PM (GMT +04), company founders and executives from Contrato, Dapps, Dygnify, Fragments, Wize, Kalga Labs, NFTVerse, and Nowigence will present their work.
Nowigence Acting CEO Krishna Tammireddy will participate at “Delivering Web2 to Web3 (and Beyond)” on November 30 at 11:00 – 11:40 AM (GMT +04), alongside officials from Napster, TravelX, and the Global Crypto Council.
After the event, the following presentation will be captured on video and uploaded to the YouTube channel associated with the Algorand Foundation:
Abhisar Srivastava, creator of Kalga Labs, and Neel Kamal, founder of NFTVerse, will give a presentation on 30 November between 10:30 and 11:00 AM (GMT +04) “The Economy of India’s Creators Is Thriving! The Role That Web3 Plays in Hastening It”
Visit https://www.decipherevent.com to get more information about Decipher and to obtain the whole agenda.
Please contact algorand@dittopr.co if you are a member of the media interested in receiving a press pass for Decipher.
