LONDON, Feb. 24, 2019 /PRNewswire/ -- Blockchain Summit
India 2019, the first edition of the Vision Blockchain 2030
initiative, successfully concludes at IIM Lucknow Noida Campus on
22-23 Feb 2019. The summit
inaugurated with welcome messages by Shri Suresh Prabhu (Hon. Minister of Commerce
and Industry, Government of India), Mr. Sanjay
Kumar (Chief General Manager, HPCL), Mr. Nitin Seth (CEO, Incendo Inc. & Ex-COO
Flipkart), Prof. Akbar Ansari (IIM
Lucknow EIC) and Kumar Gaurav
(Founder & CEO, Cashaa; Chairman, Auxesis Group). The
summit has been supported by Department of Science &
Technology, Government of India
and State Government of Uttar Pradesh.
Kumar Gaurav had opened the
summit on 22 February with a keynote speech on "India redesigning a system of trust for the
survival of the human race", followed by an opening ceremony.
The following day, Kumar moderated a panel on alternative equity
investment providing new high return opportunities for Indians
around the world, with representatives from Plutus VC,
NeonVest, Bluford Capital and Smart Valor participating in the
discussion.
Hon'ble minister of Commerce and Industry at this special
occasion also announced the agreement signed with Government of
UAE to learn and leverage blockchain technology in the
e-governance of India. The 2 days
summit observed the presence of over 80 global blockchain
influencers and speakers to address 2300 participants joined at the
summit. More than 50 VC & crypto funds together with a number
of premium academic institutes including ISB, NUS, IIT-B,IIT-D
IIM-S and others participated in summit to strengthen the Indian
blockchain ecosystem. Representatives and bureaucrats from
various ministries participated to take notes on empowering a
blockchain ecosystem and include ideas in the current formulation
of cryptocurrency regulation of India. The regulation is planned to be
implemented by end of financial tenure. 10 panels were constructed
to discuss topics of e-governance, supply chain, fintech, Aadhar
(Indian identity system), cryptocurrency regulations, digital
frauds, money laundering, ICOs & STOs, traditional funding and
skills enhancement in blockchain.
A special highlight of summit was the launch of India's first public blockchain network by
Auxledger during the inaugural session. Auxledger's public
network enables business-ready functionalities including
non-volatility of network fees and enabling data privacy in a
public chain. The enterprise grade network is going to act as heart
of Auxledger technology and will soon enable interoperability
across the 100s of private Auxledger chains which are live already
with over 60 million users of Indian State Governments. Auxledger,
which also has been a partner of Cashaa for over a year, has
been a preferred choice for blockchain infrastructure by the
Indian Government, and many Fortune 500 Companies joined
Auxledger as partners. With a live public network, Auxledger
ecosystem is expecting to grow at exponential speed. The company is
starting its token sale for the general public at Saturday, 2nd
March at its website.
One of the largest summits hosted in the country had multiple
elements to offer its mixed audience of policy makers,
entrepreneurs, VCs, academicians and students.
At the main stage, the conference included corporate
presentations on blockchain by Google, IBM, Cognizant,
ConsenSys, Auxesis, Tech Mahindra, Accenture and EIL who gave
an overview what they are doing in India.
Along with the stage conference, the main attractions of the
summit included the Blockchain Expo, Blockchain Startup Pitch and
Blockchain Masterclass. Shri Suresh
Prabhu welcomed the ideas presented in the summit and
mentioned that the technology offers great opportunity to think
differently and bring in strategic ideas which the Government is
looking forward to implement.
Janina Lowisz - janina@cashaa.com
- +44(0)7955929720