eMudhra to launch R&D centre in Bangalore to develop Blockchain-based tech

BANGALORE, INDIA: eMudhra today announced the launch of an R&D center in Bangalore to work in Blockchain-related technologies and to further enhance Blockchain-based systems for Smart Cities.

A Blockchain fundamentally deals with secure transactions using cryptographic keys and this development is in line with the company’s mission to develop cutting edge technology that brings smarter governance for smart cities. The digitization of records on the blockchain ensures administrative efficiency and drives stronger capabilities for urban planning. In a smart city, blockchain can also be critical in getting better access to public information and bring about a more accountable way of citizens participating in governance.

V. Srinivasan, Chairman, eMudhra, said, “We are already starting to see a lot of interest from Government and Financial Services on Blockchain. Investing in blockchain technology is a natural progression of things for eMudhra. We deal with identity management every day and our expertise lies in simplifying a customers’ life while doing their financial transactions, ensuring full transparency. The key features of our Blockchain platform is the ability to identify and digitally sign transactions on a Blockchain using e-KYC and eSign.”

The company also plans to introduce solutions that will help various industries which require identity verification and authentication in conducting transactions across smart cities.

eMudhra will offer its Blockchain platform as a service -  similar to eSign, so the costs of adoption is significantly reduced for the transacting parties.

eMudhra will also hire about 100 people to help accelerate efforts to bring about blockchain-related solutions through its R&D center.