BSV Blockchain Association Partners With Timechain Labs to Host Blockchain Event in India

BSV Blockchain Association is the lead sponsor for the first-ever Enterprise Utility Blockchain Summit India, which will be held at The LaLiT Ashok in Bengaluru, India. Bengaluru is the IT, innovation and start-up hub of India and referred to by many as the Silicon Valley of India. The event is being organized by Rohan Sharan and Mallikarjun Karra of TimeChain Labs, Parimal Priyadarshi of Nu10 Technologies, Kapil Jain of nChain, James Chacko of CEEDI, and KumaraGuru Ramanujam of Moneyswipe. Sharan and Ramanujam are the BSV Ambassadors for India at the BSV Blockchain Association.

The summit will focus mainly on India-stack and blockchain, scalability, IPv6 and IoT, micropayments, tokenomics, and their varied applications. A technical workshop demonstrating BSV blockchain-based products by participating companies will be held the following day, August 6.

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“The key focus of the summit is showcasing how immutable time-stamping on a distributed public ledger at less than a hundredth fraction of a paisa (one-hundredth of an Indian Rupee) is going to democratise the internet and change the face of global commerce. And one of the great highlights of the summit is going to be a keynote address by Dr Craig S Wright, polymath, and the brain behind Bitcoin: a peer-to-peer electronic cash system, which is in no way, a cryptocurrency!” said Mallikarjun Karra, Director of TimeChain Labs.

Managing Director of the BSV Blockchain Association, Patrick Prinz said: “Sponsoring this event is a fantastic opportunity to educate developers and entrepreneurs on the benefits of developing on BSV whether that’s about P2P electronic cash, micropayments, immutable data ledger and secure end to end communication.”

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“With blockchain summits taking place across the world, it is no surprise these BSV events are attracting more attention especially in countries like India. Interest has now grown into seeing what the blockchains utility and potential really is; for example, two of the courses* we run at the Association, one for entrepreneurs and one for developers have seen significant uptake from participants in India this year.”

Rohan Sharan, Founder and MD of Timechain Labs: “Being at the forefront of the traditional Fintech space and having successfully served almost a billion people through the laudable India Stack initiative, the next logical step for India would be to bridge these services with a legally compliant scalable blockchain. BSV can reduce the involvement of middlemen, tame corruption, and up productivity, especially in agriculture, where farmers lose most of their revenue to the intermediaries. This fits like a glove to the government’s drive to fight the monopoly of aggregators, and that of content distribution platforms plagued by fake news.”

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