Blockchain

Blockchain Bharat: Strategic tieups robust PDI using blockchain & investments

The Tech Panda takes a look at how India has been making waves in the blockchain arena with strategic partnerships, robust public digital infrastructure using blockchain, and investments.

According to a report the blockchain in telecom market is expected to grow from US$46.6 million in 2018 to US$993.8 million by 2023, at a CAGR of 84.4%, driven by increasing support for OSS/BSS processes and rising security concerns among telcos. While North America is expected to hold the largest market size in the blockchain in telecom market, Indian companies like Auxesis Group and Sofocle are major vendors.

And telecom isn’t the only arena where blockchain is shining in India.

Read more: How is blockchain transforming the banking industry?

CrossTower, a trading platform, is partnering with Ripple, the leader in enterprise blockchain and crypto solutions, to add NFTs (non-fungible tokens) minted on the XRP Ledger (XRPL), the ultra-fast, low-cost and carbon-neutral blockchain, to the CrossTower NFT marketplace.

The next stage of digitalisation in India is the automation of government services in the last mile and Web3 based personal control of data allowing the use of the data with the complete control and approval of the individual

Prof. S Sadagopan, founder of IIIT Bangalore and Chief Mentor of VREV

In a move towards building robust public digital infrastructure using blockchain, Bengaluru based non-profit VREV Foundation and startup Dhiway Networks have joined hands to create I-PIXI (India Public Information eXchange Infrastructure), a Public Digital Infrastructure (PDI). Dhiway operates and maintains India’s first verifiable data exchange platform, #MARK Studio anchored on the CORD, an enterprise blockchain infrastructure made in India, for the world.

“India leads the world in Digital governance with large scale implementations in Aadhaar, UPI and Jan Dhan projects. As India takes over the Presidency of G20, we have an opportunity to bring in further innovation in Governance and a Public Digital Infrastructure in this domain is critical to fulfil the aspirations of a billion plus Indians,” says Prof. S Sadagopan, founder of IIIT Bangalore and Chief Mentor of VREV.

Read more: Acceleration in job postings for crypto blockchain & NFTs: Indeed

Also, I-PIXI – India Public Information eXchange Infrastructure will be the digitalized information backbone on an Indian Blockchain as a governance infrastructure of aggregated registries.

In addition, Wemade announced a strategic investment in Shardeum, an Indian blockchain project. The company aims to seek synergistic effect through working with Shardeum for WEMIX3.0, its blockchain mainnet. Business expansion to India is also planned.

Navanwita Bora Sachdev

Navanwita is the editor of The Tech Panda who also frequently publishes stories in news outlets such as The Indian Express, Entrepreneur India, and The Business Standard

Recent Posts

As we seek to create robots that’re more ‘human’ who’s helping? AI

As robotics progresses towards creating humanoid robot helpers, our tendency is to create them in…

3 days ago

Japan’s Web3 Strategy: A Safe Haven for Chinese Investors Fleeing Capital Controls?

On June 7, 2025, Japan enacted a series of regulations aimed at enabling stronger consumer protections…

3 days ago

Agentic AI Is Reshaping Data Infrastructure—Are Data Warehouses Obsolete?

Introduction: The Signal Behind Snowflake’s CEO Change In the spring of 2024, Snowflake, a star…

3 days ago

The new space race: How politics is shaping the battle for the final frontier

The modern space race is increasingly political, driven by national pride, military strategy, and economic…

4 days ago

Mind the B-Gap: India leads on digital inclusion, but affordability remains the next frontier for telco growth

Millions of would-be customers remain offline across Asia’s fastest-growing digital economies. This is not a…

5 days ago

New tech on the block: Blockchain, cloud, medtech, Fintech, pharmacology, data analytics, crypto

The Tech Panda takes a look at recent tech launches. Blockchain: A Commercial Network with…

6 days ago