The blockchain is the rapidly growing list of the records namely blocks which are further linked and are secured using cryptography. In this, each block is consist of the cryptographic hash of the previous block. The blockchain is an openly distributed ledger and is typically managed under a peer-to-peer network. They are secured by the design and are a very good example of the distributed computing system along with the High Byzantine fault tolerance.
The very first block chain was conceptualized in the year 2008 by Santoshi Nakamoto and was implemented in the year 2009 as the core component of the Bitcoin. It serves as the public ledger for all the transactions.The invention of the Bitcoin brings a big revolution for bitcoin as it made it the very first digital currency to solve the Problem with double spending without any need of the trusted authority or the central server. The design by the Bitcoin is an inspiration for the other applications.
The blockchain is in trend all over the world and today everyone is talking about the Bitcoin and Blockchain. With all these, they are many startups from the different part of the world and There is a big race of different companies and startups. In this race, India is also running up at full pace which has a large number of techies and the IT people. According to the latest reports SBI partnered with Intel and BankChain for the development of the blockchain solutions. So this is when Government is taking such keen interest in the blockchain than how could private sector can be left behind. There are many Blockchain Startups from India that has been started and is growing very fastly and Few of them are
This Indian Blockchain solution was founded by the Ish Goel in the year 2006. The offices of SOMISH are based in New Delhi. It is a technology and a product development company with the expertise in Building the automation systems by using the cutting edge technologies. From the past 10 years, they have been continuously serving their top line customers. SOMISH is now building and advocating the blockchain solutions in India and the rest of the World. SOMISH was also the winner of the London Blockchain Week 2017.
Based in Bangalore this company aims to couple artificial intelligence with the blockchain in order to create the secure, compliant and the user-friendly products. Signzy was founded in the year 2015 by the three people Ankit Ratan, Arpit Ratan and Ankur Pandey. They basically enable improved user experience along with the multi-device support and Enhanced security with compliance. They have three major products named RealKYC, Algorithmic Risk Intelligence and digital Contracts.
Well, they don’t need any big introduction as they are early movers of the Bitcoin and the Blockchain technology in India.n A Delhi based company founded in the year 2014 by Mohit Kalra and Benson Samuel those who provide the easiest way to use the Bitcoin exchange, a blockchain explorer, merchant services and a hosted wallet.