The world has changed significantly since the advent of web 2.0 but people have gotten used to the benefits delivered by the associated technologies. They are now demanding a more efficient, fast and reliable technology to work upon. There are many technologies that are evolving in the market, blockchain being the most robust, highly adoptable and attractive one.

Blockchain came into existence through the development of Bitcoin, the first cryptocurrency in 2008 and now there are a total of 1565 cryptocurrencies available today in the market. In just 8 years the number has reached from 1 to 1565. Take the example of Binance, world’s largest cryptocurrency exchange. It beats a leading bank that was established 148 years ago in just 8 months in terms of profitability. From its inception to next three months profits amounted to $7,500,000 USD. Examples like these have attracted investors’ interest to crypto.

Since the Inception of Blockchain there is a battle going on between “Cryptocurrency” which is the most widely used application of blockchain and the technology underpinning it i.e, Blockchain itself. Many startups are focused on making quick money by using the cryptocurrency use case and not on leveraging the blockchain technology for other use cases. This can also be one of the reasons why some countries are not accepting cryptocurrency.

However, Blockchain is a technology that has the potential to improve the quality of life of common people, as the internet did in past. Now it's the time for Web 3.0. Blockchain is not only a decentralized system which eliminates intermediaries to provide a unhackable and more secured system, maintaining everyone’s privacy but it also connects people from different industries and countries on a single platform. They not only verify each other’s transactions but can collaborate, share ideas and give suggestions too. Just as the internet has made the world more open and connected, we believe blockchain technology will bring greater trust and transparency to the world.

I am the managing director of “Spiktel Technologies P Ltd” a 8 year old company that is into telecom services. Being an entrepreneur and a technology lover, I have been amazed at the potential that blockchain has not only in terms of virtual currency but also other applications that comes from it. In 2016 I co-founded “JME global” in Dubai. JME was focused on various challenges that arise in different sectors in the area of IT. I have also been a regular speaker in Tech conferences across Dubai, Malaysia, Japan, Korea etc to promote blockchain technology, while working on it and contributing our part to the open source community.

While interacting with the Blockchain community across Asia Pacific, I have noticed how India is falling behind. Recently I have teamed up with Mr. Anurag Ranjan and Mr. Gautam Dutt both based out of Singapore to help create a vibrant blockchain community in our country. With this objective in mind, we are opening Blockchain Centre in New Delhi which is the world’s 17 th blockchain centre.

Blockchain Centre is a state of the art coworking incubator for startups working in blockchain technology. We are a community and knowledge hub for blockchain startups worldwide, with over 35,000 people in our ecosystem. As the world’s largest community of blockchain technology entrepreneurs, experts, mentors and investors, we can assist you in developing your startup. Blockchain Centre New Delhi will also be conducting Blockchain courses, regular meetups and will engage thought leaders to speak on a regular basis.

At last, I want to say every country that has banned blockchain promotion should look into the issue of migration of talent from their country to another country. I am overwhelmed when I see people migrating from their own country to a different country where they can have the opportunity to make their ideas see the light of day. Indian economy had gained a lot with its skills in the Information Technology field and we must maintain this strength with respect to the new technology that will for sure impact the future course of development. It is time to take a balanced approach and not throw the baby out with the bathwater.

I am ending by inviting all blockchain enthusiasts to participate in creating more community-based products. That will help with a better quality of life and a more sustainable life style. We’re excited about the future and welcome you to join our Blockchain Centre India.

Reach me at www.aawesh.com / www.blockchaincentre.co.in , info@blockchaincentre.co.in
Blockchain Centre New Delhi – A1 , Highway Towers , Sector 62 , Noida , Delhi NCR.