Despite unfavorable odds and regulations constantly stacked up against the cryptocurrency market and by extension the community in India, there is a lot of blockchain and crypto innovation that comes out of the sub-continent. Entrepreneurs in the country have taken the government’s change in stance in their stride and still managed to keep the innovation and creation of new projects safe.
Here are ten cryptocurrency projects that come from India that you should check out today.
Nucleus Vision
Nucleus Vision is a technology that aims to bridge the gap between online and offline retailers. Nucleus Vision uses IoT and contactless identifications on the blockchain to create the world’s largest loyalty program whose reward is in its native cryptocurrency; NCASH.
Using this wide range of technology that Nucleus Vision employs, they aim to make shopping and the experience more customer centric by providing access to data that retailers and traditional shops owners may not have access to.
Zebi
Second to money in today’s world is data. Data is everywhere and is being collected from everywhere. And the holder of all this data is the power centre of a community, society or country. With the Indian government advancing its technology game, there is a lot of data at stake here. And with increasing in data production, data crimes are also on the rise like; identity theft, data tampering, data fraud, etc.
Utilising this need, the team at Zebi created a blockchain driven security system that essentially safeguards data by taking individual consent and at the same time providing the three main fundamentals the blockchain has to offer; transparency, immutability and tamper proof records.
WandX
WandX is a company that deals with bringing ERC20 token products on the Ethereum blockchain. The problem statements that WandX is solving is how to cut down on speculation around tokens and how to make sure that, that doesn’t adversely affect the price of the token, etc.
Diro Labs
Probably one of the most serious and common crimes the country faces right now is identity theft. While there are plans, on the behalf of governments, that are working towards making identity verification and recording more efficient, it is going to take a very long time and involves a great deal of mass adoption.
To fill the void, while the country waits for government based solutions, Diro Labs is working on decentralised identity verification platform that sources its information from contact directories and public records.
The project is still in its pre-ICO stage.
Matic
The cryptocurrency market and the blockchain technology as such, has not seen a mass adoption in other industries because of its scalability and usability issues. Scalability is something that is really holding the industry back in terms of mass adoption and though there is no one correct solution to this problem, there are a whole bunch of companies out there that are trying to solve it.
Matic is one among them. Matic as a network aims to increase scalability without compromising on the blockchain’s decentralization and community base that it currently has. It is an off-chain or side chain solution to the scalability issue that the blockchain faces.
The project is still in its pre-ICO stage.
Quickx
Similar to Matic, Quickx also deals with solving the problems that are hindering mass adoption of the blockchain, ie; scalability, cost, time, etc. Quickx is making crypto-crypto transfer instantaneous using multi-currency wallets, chain facilitators, etc.
Quickx, apart from facilitating Visa/MasterCard like speed in the cryptocurrency industry, also has crypto cash cards that can be used in the same way debit and credit cards are used. While providing this fast paced transactions, the Quickx interface and network makes sure that the user does not have to pay exhorbitant transaction fees.
This project is in its pre-ICO stage.
ZTips
Working to eventually enter the law enforcement sector of the country and facilitate easier investigation processes, ZTips is an anonymous platform that connects information seekers to providers in exchange for rewards.
This is in the hope that people with information that could be critical to solving a particular case will come forward instead of quiet because of the fear of being found. The exchange of information is sealed with the native token.
This project is in its pre-ICO phase.
The TIM Foundation
With the cryptocurrency market posing a threat to how finance has been conducted for the almost a century and the blockchain being a viable replacement to standard, legacy banking systems, a network that can support large number of transactions is in need which is future ready for as and when the world switches.
The TIM Foundation is working on just that; a platform that is future ready for when the banking system is taken over by the blockchain technology.
This project is in its pre-ICO stage.
GovBlocks
With our lives moving more and more onto the web, our entire existence seems to be online. With that in mind, the crypto community and people in general are predicting a shift in governance style. That more and more of it too will become online with the help of many different kinds of technology enabling it.
The cryptocurrency community believes that the way forward for governance is decentralised and is on the blockchain. GovBlocks is a project that somewhat aligns itself with that thought. It is a decentralised platform that allows for governance to take place by enabling different layers of functioning, self-sustainability and adaptability.
This project is in its pre-ICO stage.
MinersINC
MinersINC is a community driven blockchain powered entertainment platform and ecosystem. The company aims at addressing current entertainment industry challenges related to oligopolistic distribution, revenue leakages, rights management and lost monetization opportunity. It will bring creators closer to their consumers and will put them back in control of their work while consumers will be empowered with greater freedom to choose. MinersINC is starting its journey with democratizing movies and music which will be followed by commerce, gaming and an in-house incubation cell. The company is in its pre ICO phase and procuring further pre-ICO investments.
Also, read: Top 10 Altcoins to buy in August
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