Tag: Blockchain Start-ups In India

  • Top Best No-Code blockchain app development platforms

    Cryptocurrency is a digital or virtual form of currency that is secured through cryptography. Cryptocurrencies are not issued or regulated by any central authority or bank, hence making them immune to any international interference or manipulation. They are distributed over a wide network of computers and are regulated through Blockchains for record-keeping, tracking and maintaining their integrity.

    In other words, Cryptocurrency is a more secure method of making online payments through denominations in the form of virtual tokens. They are encrypted with various algorithms including elliptical curve encryption and public-private key pairs with various functions and specifications. With the success of Bitcoin, one of the most popular cryptocurrencies today, many new cryptocurrencies have emerged including Litecoin, Peercoin and Namecoin.

    What is Blockchain?

    A Blockchain holds the information of cryptocurrency transactions, and updates it regularly over 100 times a day, to keep the record fresh. Blockchain holds information in groups with limited storage capacities, and once these blocks are filled, they are attached to the previously existing chain of blocks, making it a Blockchain. Therefore, when a block is filled, it becomes part of a timeline with a timestamp and added to a chain of decentralized nature.

    In terms of security, a blockchain is extremely secure. Each block in the chain has a position referred to as its ‘height’, and once a block is assigned a particular height, the records become extremely difficult to alter.

    Since each block has a hash, the hash of the block preceding it, and a timestamp, altering a single copy of blockchain does no good. Moreover, it would take alteration of more than half of the Blockchain copies to steal any Bitcoins, which again cannot go unnoticed, making Cryptocurrencies extremely secure.

    What is a Blockchain Website?

    A Blockchain website helps you store, trade, and buy cryptocurrencies such as Bitcoin and Peercoin. You can monitor your current repository, cryptocurrency worth, and other real-time information with the help of a blockchain website. Some of the most popular Blockchain websites include blockchain.com, which currently stores the information of 65 million wallets, and has facilitated transactions worth $620 billion as of now.

    Although building a Blockchain website or an application is far from a trivial task, and a piece of extensive programming knowledge and skills would be a prerequisite, there are some platforms where you can build such websites without having to code.

    These platforms offer users an easy-to-use interface, preferably drag and drop, to add sections and segments of the website, and add all the functionalities to build and manage decentralized currencies and projects.

    Top No Code Blockchain website builders

    1. Abriged

    Abriged Website
    Abriged Website

    Abridged is a platform to build decentralized projects with efficient teamwork and collaboration, and that too without coding. It is an efficient and user-friendly blockchain application development platform, that facilitates the use of blockchain and crypto. Teams and organizations can even create advanced applications using Abridged, using its SDK. Abridged focuses on a design called Incremental Decentralization, meaning more centred on custodial fund ownership.

    Features Offered by Abridged

    • One of the best features of Abridged is that it does not require the user to have any coding skills, and the application can be built by a simple drag and drop interface.
    • The websites and applications built by Abridged are mobile-friendly, thus enabling users to operate the website or application even on their mobile phones.
    • Features and applications of Abridged can be used by any number of communities, individuals, and groups without any code.
    • The transactions of users using applications built by Abridged are seamless and fast, without having to face network delays.
    • Abridged applications can also be used to integrate with third-party applications and APIs.

    2. OpenST

    OpenST is a platform, that helps make cryptocurrency and the concept of Blockchain. The concept of decentralization is the basis of cryptocurrencies and their security and forms the fundamentals of Blockchain. Simply put, if you have the key, you own the data. OpenST hence works on Utility Tokens, Wallet Recovery, OST chain and OpenST platform. It uses the GitHub platform to make any changes to the existing code on any one of these platforms.

    Conclusion

    Cryptocurrency and Blockchain technology, however complicated, seems to be moving ahead with pace and is a promising one at that. Its secure nature and the fact that it isn’t influenced by government policies have the ability to make it big in the future of trade and commercial transactions. Also, having a firm grip on Blockchain technology may prove to be useful, and although the conventional method requires the users to know to code, the no-code platforms mentioned above are equally plausible.

    FAQs

    What is no-code web development?

    No-code development is a type of web development that allows non-programmers and programmers to create software using a graphical user interface, instead of writing code.

    How do you create a no-code platform?

    To build features in a nocode platform, all you have to do is – drag, drop, and assemble, as everything has already been developed or visually modelled.

    Is WordPress no-code?

    Not necessarily. In other words, building a WordPress site is mostly a code-free experience. However, if any changes are made to the structure, styling, or even padding on a template, coding will be required.

    Are no-code apps good?

    Yes, no-code apps are good, as it is easy to use and allows non-programmers to pump out apps or workflows quickly.

    What is a zero-code?

    Zero code is a tool that allows you to build software, web applications, smartphone apps, and more without having to know how to code. All you have to do is – drag, drop, and assemble, as everything has already been developed or visually modelled.

  • Blockchain Startups In India

    The banking sector has modernized and tried to deal with all types of hindrances in transactions, leakages and ease of process utilising internet. Digital payments have almost ended the sluggish and orthodox process of physical transactions. It just takes few minutes to do the payments using credit/debit cards Or Net banking. Even the business dinosaurs – Google and Amazon have also launched their digital payment platforms as Google Pay (G-Pay) and Amazon Pay respectively. Paytm and UPI have also gained popularity in the last few years. But this doesn’t mean that no further amendments or changes aren’t needed! Banks or Third Parties still charge some pennies while online transaction and bank frauds are on exponential rise. Not even a single bank in this world can guarantee of 100% security of customer data and money. Half of the adults around the world doesn’t have access to financial services because the financial institutions are too far away or too expensive to use. All the banks have very strict rules which must be followed as they don’t show mercy under any conditions. The 2008 financial crisis where several banks failed teaches us that there is no such thing as a trusted third party. They failed because of mismanagement, greed or they can be involved in illegal bank activities. Therefore, to solve this problem, blockchain was coined by Satoshi Nakamoto. The era of digital currency evolved and is now the future of banking system. So, let us see the complete story on the topic- Blockchain Start-ups In India.

    RentalCoins
    Signzy
    LaLa World
    CoinGeto
    Unocoin
    CoinSwitch
    Coinsecure
    ZebPay
    uTrade
    StreamSource

    Bitcoin and Blockchain

    Bitcoin is a type of digital currency that operates independently from a central bank. There are many different blockchains- public and private. They allow anyone to send value anywhere in the world where the blockchain file can be accessed. Think of each chain as an online database stored in a distributed, peer-to-peer fashion. The storage devices for the database are not all connected to common processor and each block – ordered records – has a timestamp and a link to a previous block. The Blockchain is an Internet-based, distributed, public database where transactions can only be added once they are validated through complex mathematics that prove authenticity of the data. It is a public ledger of all the transactions that have ever been executed.


    Also Read: Cryptocurrency and Blockchain: How can it change India?


    Blockchain Start-ups in India

    Blockchain

    Here is a list of the 10 most exciting blockchain startups. they are:-

    1. RentalCoins

    Founded  : 2017
    Location  : Bangalore (India)
    Total Funding : USD 8M

    RentalCoins 1.0 is a private cryptocurrency of the Drivezy, that is a decentralized car rental platform. The tokens are used to create a fleet of collaboratively-owned vehicles accessible to customers. Also offers an app that provides updates on operational vehicles, vehicle blocks and maintenance schedule and information about activity, location, and revenue of the vehicle.

    2. Signzy

    Founded  : 2015
    Location  : Bangalore (India)
    Total Funding : USD 4M
    Investors  : Stellaris Venture Partners, Kalaari Capital, Rajan Anandan and 17 Other Investors

    Signzy is a digital contract platform which enables digital drafting and signing of legal contracts. Customers need to upload their contract in PDF/DOC format or choose a standard contract format. Signzy verifies the signature and identity of the user and also stores the contracting history on the cloud for future reference. Claims to guarantee non-repudiation of contracts through their biometric user authentication system and block chain based digital trail. The company is running pilots on blockchain technology in the areas of security for financial service companies and of smart contracts on financial assets.


    Also Read: How UPI impacted FinTech Industry?


    3. LaLa World

    Founded  : 2016
    Location  : Delhi (India)
    Total Funding : USD 2M

    LaLa World provides a financial ecosystem targeting the underbanked and migrant population. Provides 5 major products: LaLa Transfer for P2P remittance, LaLa Bill Pay for global bill payments, LaLa Lends for P2P lending, LaLa Card for payments at PoS, and LaLa Kit that contains a mobile phone with pre-loaded LALA Wallet, LALA Insurance, LALA Card, Partners’ products etc.

    4. CoinGeto

    Founded  : 2015
    Location  : Delhi (India)
    Total Funding : USD 2M
    Investors  : Impanix Capital

    CointGeto is a cryptocurrency exchange platform. Users can buy, sell and exchange cryptocurrencies on the platform. Accepts payments via credit card, debit card, UPI payments and bank transfers. The platform supports Bitcoin, Ethereum and GETO tokens.

    5. Unocoin

    Founded  : 2013
    Location  : Bangalore (India)
    Total Funding : USD 2M
    Investors  : Blume Ventures, ah! Ventures, Mumbai Angels and 10 Other Investors

    Unocoin enables users to buy bitcoins by paying INR from any online bank, or through NEFT/RTGS. Uses can buy/sell a maximum of 2 bitcoins per day. It also holds bitcoin campaigns which connect large buyers and sellers of bitcoin in India. Seed round was led by Barry Silbert’s Bitcoin Opportunity Fund. Partnered with BTCJam to offer P2P lending services in India.


    Also Read: 20 Best Fintech Startups in India


    6. CoinSwitch

    Founded  : 2017
    Location  : Bangalore (India)
    Total Funding : USD 2M
    Investors  : Sequoia Capital

    CoinSwitch is an online cryptocurrency exchange. Users can enter the amount and currency to be exchanged, and coinswitch provides options for the best prices. Users can choose among the option, convert the currency, and track the progress. As of Jan’18, supports 100+ cryptocurrencies including bitcoin, litecoin, ethereum, ripple, and self among others.  

    7. Coinsecure

    Founded  : 2014
    Location  : Delhi (India)
    Total Funding : USD 1M

    Coinsecure is an India based Bitcoin exchange and trading platform. It charges a fee of 0.3% per transaction and uses a hybrid wallet solution to store funds in cold storage with a small percentage of funds in the hot wallet for immediate withdrawals. Partnered with OKLink, Hong Kong based company to enable remittances to India.  

    8. ZebPay

    Founded  : 2014
    Location  : Ahmedabad (India)
    Total Funding : USD 1M
    Investors  : Claris Capital

    Zebpay is a mobile Bitcoin wallet app. Users can buy and sell bitcoins using their local currency from the Zebpay app. They can also use their bitcoins to encash them via eVouchers like e-commerce vouchers, airtime and gift cards. Plans to charge its partners a referral commission. Also has plans to charge a fee to merchants using Zebpay to accept bitcoins for premium merchant features. Part of Zeb Ventures private limited registered in Singapore and has its main operation and development office in Ahmedabad, India. Launched in India in March, 2015. Arjun Handa, chief managing director of Claris Life Sciences and Amit Jindal, managing director of Jindal Worldwide, invested around $450K and $150K respectively. Nagendra Chaudhary, chairman at Jaipur-based Triangle Engineering invested $150K among other investors in series A round of funding. As of July 2016, the company has 65K+ users.

    9. uTrade

    Founded  : 2011
    Location  : Chandigarh (India)
    Total Funding : USD 1M
    Investors  : Nitin Jindal, Aiysha Ahmed, Mohit Agarwal and 17 Other Investors

    Financial technology solutions company providing various products including multi-asset trading platform, algorithms and analytics. Offers muTrade, a high frequency trading platform that is delivered along with various automated algorithms; provides detailed portfolio and trading analytics. Products enable investors to analyse latest and historical market and social media information to make smart trading decisions. Has raised $1M till date and has clients in India, Singapore and Dubai and has identified clients in Indonesia, Turkey and Africa. In June 2016, the company launched uClear, a blockchain driven solution that will enable real time clearing and settlement of contracts across the cash and derivatives segments of the financial markets. The first stage of adoption will be led by the Over-the-Counter (OTC) segments without existing central clearing infrastructure such as foreign exchange (FX) and the fixed income securities markets.

    10. StreamSource

    Founded  : 2018
    Location  : Gurgaon (India)
    Total Funding : USD 1M

    StreamSource is a decentralized personal loans marketplace, based on Quorum blockchain. Lenders and debt buyers can initiate & settle transactions that include buying & selling of credit approved leads and loan transactions. Lenders upload their credit models on secure blockchain node and can provide other partners access to their decision model. The platform allows to bid, buy & sell leads to other partner lenders.