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Tag: Dhiway

  • Samagra and Dhiway partner to build developer community for CORD

    Samagra and Dhiway partner to build developer community for CORD

    Mumbai: Samagra Development Associates Pvt Ltd (“Samagra”), engaged in implementing Code for GovTech (C4GT) to build and sustain developer communities, has joined hands with Dhiway, a provider of enterprise Web 3.0 open trust infrastructure, to create communities of innovation around the open-source layer one blockchain framework CORD.

    Dhiway and Samagra will offer structured mentorship and outreach engagement programmes for community members to build innovative solutions to solve complex nation-scale challenges using the CORD blockchain.

    This partnership will also foster engagement with industry stakeholders, government agencies and regulatory bodies to help build awareness and engagement around open trust infrastructure.

    Samagra SVP and head of product Nitin Kashyap stated, “India is making remarkable strides in building DPGs and DPI. As we set new benchmarks, it becomes crucial to ensure the adoption, maintenance, and sustainability of DPGs and open-source technology for the public good. Achieving population-scale impact requires a comprehensive, whole-of-system approach. Through initiatives like C4GT, we aim to unite organizations and contributors to drive this mission as a community. Our collaboration with Dhiway marks a significant step forward in strengthening this community.”

    Dhiway co-founder & chief strategy officer K P Pradeep emphasised, “Today it is critical that developers acquire the habit, discipline and knowledge for building at scale using the CORD Blockchain framework. The multiplier effect of open standards, open source software, open protocols, and open trust infrastructure will unlock the potential to solve challenges for India and the world. Samagra’s focus on enabling DPGs that fit within a DPI complements our vision of reshaping the digital future.”

  • Rooba and Dhiway join forces to supercharge real-world asset tokenisation

    Rooba and Dhiway join forces to supercharge real-world asset tokenisation

    Mumbai: Cymbient Technologies (Rooba.Finance), a blockchain-based custodial network, has joined hands with Dhiway, a provider of enterprise Web 3.0 open trust infrastructure, to supercharge the development of asset tokenization on the CORD blockchain framework.

    Dhiway and Rooba have signed a memorandum of understanding (MoU) to explore the design, development and production of collaboratively integrated technology solutions for real-world asset tokenisation on the CORD blockchain. This effort will use the ERC 3643 standard to create asset-backed tokens and explore IFSCA applications.

    This partnership is designed to transform the end consumer experience of asset tokenisation and credentialing.

    Cymbient Technologies COO Abhishek Sankritik said, “We aim to enable investors and issuers to interact within a tokenless infrastructure, without any requirement to interact with cryptocurrency. Our vision is to create a compliant portal which will allow Indian investors to access tokenized offerings of all types and also allow global investors to access Indian investment opportunities, while permitting intermediaries and regulators to co-exist in a single ecosystem. We are ecstatic about our new partnership with Dhiway, which brings us one step closer to revolutionising the global investment landscape.”

    Dhiway CEO K P Pradeep emphasised, “The CORD Blockchain framework has proven capable of enabling the trust infrastructure for many emerging use cases. Today, the emergence of the concept of “finternet” has renewed the interest in real-world asset tokenization, asset exchange and asset management. This partnership enables significant opportunities for both companies to go to market with open standards-based innovative approaches quickly.”

  • Blockchain in telecom: Paving the way for secure, trustworthy data

    Blockchain in telecom: Paving the way for secure, trustworthy data

    Mumbai: Blockchain technology, renowned for its secure and decentralized nature, is making significant inroads into various industries, including telecommunications. The telecom industry, which constantly handles vast amounts of sensitive data, is poised for a transformation with the advent of Dhiway’s CORD blockchain. This cutting-edge solution from the Bangalore-based company promises to enhance trust and security in digital ecosystems, revolutionizing how telecom operators manage and exchange data within their networks.

    Delving deeper, Indiantelevision.com caught up with Dhiway co-founder & vice-president engineering Amar Tumballi.

    Edited Excerpts:

    On the business challenges that are being addressed by adopting blockchain/DLT in the telecom sector

    The telecommunication sector, a complex ecosystem of stakeholders, participants, service providers, and consumers, is at a crucial juncture. Designing applications and services around trustworthy data is a critical challenge. These data streams must be harmonised and have semantic interoperability and continuous assurance, making the adoption of blockchain a significant step forward.

    The adoption of blockchain in the telecommunication sector heralds a new era of possibilities. It paves the way for innovative businesses, such as caller identification services, leveraging reusable digital identifiers for IoT applications and services. The availability of secure, trustworthy data mitigates cybersecurity risks from data breaches and empowers a paradigm shift in application and service designs, including AI models and algorithms.

    Some immediate successes have been managing unsolicited commercial messages (or SPAM), infrastructure, and roaming profiles.

    On the ways in which CIOs and CSOs plan for the adoption of blockchain technology

    C-suite leaders lead initiatives that balance risk and rewards while devising an innovation-focused IT strategy. To effectively adopt blockchain technology, the technology stack must support strong collaboration and interoperability between services and functions. It is also important to adopt industry-leading best practices in infrastructure security and data governance to mitigate the risks associated with cybersecurity incidents. Lastly, shifting investments to a “blockchain-complete” solutions array would help build the momentum and technical capability within the businesses to benefit from the value of decentralised processes and infrastructure.

    On the necessary features and capabilities to evaluate in a blockchain implementation decision-making strategy

    A key driver in evaluating blockchain implementation is a fine-grained understanding of the use case and the business objectives that must be met. An agreement among the project stakeholders and sponsors on this topic can help drive the success of the pilot and production deployments.

    Blockchains enable a foundational digital infrastructure for the business – where the features of immutability and transparency provide the necessary attributes for provenance and authenticity. Organisations looking at digital transformation strategies and adopting blockchain technology must evaluate whether the codebase is available under a suitable open-source license and whether the project on which the enterprise product is based shows a vibrant community of participants. It is also important to ascertain whether some lighthouse deployments can support the choice of such blockchain frameworks. Token-less blockchain frameworks such as CORD allow enterprises to avoid the drama associated with tokens and crypto regulations while putting together a resilient infrastructure that is decentralized, secure, and extensible for many present and emerging use cases.

    On the role that large public cloud vendors play in shaping the adoption of blockchain technology in telcos

    Highly scalable, resilient, and large public clouds have enabled enterprises with the necessary tooling and infrastructure to quickly deploy, manage, and administer nodes that comprise the blockchain ecosystem. Elasticity, security, and high availability, including, in some cases, across cloud vendors, have enabled massively scaled blockchain deployments to service many use cases. In many cases, the availability of securely configured cloud infrastructure for federal/government usage has helped acquire necessary certifications, making these blockchain deployments suitable for government usage. Public cloud infrastructure brings developer-friendly standards-based tools, storage and computing resources, and redundancy, which makes it an attractive option for blockchains like CORD.

    On the regulatory issues that can be addressed through blockchain adoption

    Today’s dynamic digital economy is built around data – production, exchange, processing, and transformation of data drives applications and businesses. Quite naturally, the regulatory approach towards data governance is focused on data rights, consent-based exchange of data, anonymized and aggregation of data, and audit-readiness. Blockchain implementation can address multiple issues around data governance, including the very important one of enabling the logging of consent-based data exchange and abstracting the actual data through reusable digital identifiers.

    While blockchain-based systems enable friction-free transactions across trust boundaries, they also allow a more transparent application of governance mechanisms relevant to the jurisdictional boundaries where the services are available. So, regulatory and governance issues around data privacy, data security, and data access are also addressed in a scalable manner in blockchain infrastructure.

  • Blockchain solutions: Pioneering environmental sustainability and social impact

    Blockchain solutions: Pioneering environmental sustainability and social impact

    Mumbai: Technological innovation has become an essential tool in the fight against climate change and protecting biodiversity. Among the various technological solutions available, blockchain technology has emerged as a promising solution that can revolutionize environmental sustainability efforts and make significant social impacts. Blockchain technology presents opportunities to address some of the most pressing environmental and social challenges. Additionally, the capabilities available in blockchain enable more transparent reporting around compliance with ESG requirements, better auditability for regulators and help businesses declare robust alignment with UN SDG goals.

    Blockchain is a decentralised, digitally distributed ledger that enables secure recording and verification of transactions across a network of computers. Blockchain operates without a trusted intermediary, relying on cryptographic techniques to ensure data integrity and immutability. This decentralized technology enables participants to conduct transactions without a central authority and relies on cryptography to maintain security. The fact that any third-party intermediary is not required to understand the transactions anchored on a blockchain provides insight that goes a long way in addressing any concerns around claims made for compliance with regulations.

    Blockchain interconnects blocks, each containing records of transactions, creating a tamper-proof and transparent ledger. Transactions are verified and added to the blockchain through a consensus mechanism that establishes rules for validation and ensures the integrity of the ledger.

    Today, the question is no longer “Who is using blockchain?” but “What is blockchain being used for?”. Aside from the traditional domains of businesses, the blockchain-based trust infrastructure at scale is used for tracking metrics around ESG. An emerging domain of environmental metrics is being tracked and exchanged using blockchain implementations ranging from decarbonisation of the transport sector, climate adaptation, and funding for vulnerable communities to water usage for agriculture and industry, as well as mapping land use metrics for conservation. Blockchains enable the creation of authentic data streams, which can lead to improved decision-making around the consumption of non-renewable resources, energy usage, and tracking carbon credits and offsets.

    Emerging regulatory approaches around sustainability standards, fine-grained reporting requirements and media interest have driven the need to focus on themes of energy, supply chain and growth of cities as population density increases. Concepts of sustainable development such as the circular economy, innovations in agritech, and increasing usage of smart devices (IoTs) in the form of sensors make it necessary to have an underlying infrastructure which can support high volumes of data exchange while providing provenance and authenticity. Blockchain enables all that along with immutability, thus becoming a strong candidate when information technology architecture is designed.

    Ongoing work on standardizing measuring systems for implementations using blockchains, harmonizing the data models, and more deeply linking to regulatory requirements around reporting are the essential activities enabling blockchain-based systems to demonstrate socially responsible business practices. Blockchain technology holds immense promise for environmental sustainability and social impact, offering solutions to mitigate climate change, promote biodiversity conservation, and foster inclusive societies. By leveraging blockchain’s transformative potential, stakeholders can collaborate to build a greener, fairer, and more equitable future for all.

    The article has been authored by Dhiway co-founder & director of operations Sreevidya Satish.