Our vision is to provide this world a better decentralised system eliminating the current issues of transparency, corruption and economy unevenness.
Being pioneer for Blockchain solutions in India we continuously aim for providing best-of-breed business solutions leveraging the Blockchain technology. As an innovation oriented company made with striving excellence in relationship with our partners, clients and employees we are targeting to emerge as a global leader in bridging the gap between business difficulties and Blockchain's ability to solve these issues.
A blockchain is a distributed database providing an immutable record of information, which can be compared to a Google document without Google.
read more ... Blockchain technology has numerous use cases and over 1200 companies working on them worldwide. Blockchain technology has several benefits that are especially appealing for developing countries like India, starting with cryptocurrency as first use case 8 years ago. Enabling everyone with internet access to be their own bank and to send money anywhere in the world, instantly and without any fees is a powerful tool for financial inclusion in a world where 2 billion people are unbanked. Cryptocurrency enables a whole range of new, cheap services that are accessible for everyone, such as in micropayments, remittances, lending, insurance or crowdfunding. Whereas in India, regulators and central banks have still issued warnings in the past year until early 2017, they have recently started to seek expert opinions on legalising and regulating cryptocurrency, following numerous other countries which already had a more positive and open stance and going as far as even declaring it official means of payment in Japan and Australia. India with its young population, growing adoption of digital payments in general and government`s measures to eliminate cash is one of the markets with the largest potential for a widespread Bitcoin adoption, with 2500 new users every day according to Zebpay.
Due to many cryptocurrencies` recent price increase, global interest in them has risen again in 2017, compared to the 2 years before, in which the focus has been mostly on the other use cases of blockchain technology. Institutions around the world including India have been conducting research and investment in it due to its potential to become the core technology for all governance, banking and any business services where trust is now centralised, and decentralise that trust.
Other than making processes more efficient, blockchain technology increases transparency and accountability, preventing fraud and error. Related use cases explored by Indian governments include blockchain identity, voting, benefits distribution and tracking of benefits spending to prevent fraud, land registry and supply chain tracking as part of the Digital India Initiative. These are some of the use cases that are currently being implemented by Auxesis Group, an enterprise blockchain development company based in Mumbai clients of which include governments, banks and other institutions in India and internationally.
Whereas blockchain services in the public sector can lead to cost savings everywhere, their improvement of existing or building of previously lacking infrastructure is making a country more attractive for foreign investment and can improve the lives of its people, and so is most attractive for developing countries.
We have always been living in a fully centralised world, whether it's our economy, privacy or business facilitation, all has been controlled by
a handful of organisations.
read more ... Centralisation came up as a means to straight out the wide complex world we live in and it was the only way our technology could have enabled it. Now, we hugely rely upon intermediaries to mitigate trust among ourselves and thus in process becoming totally dependent upon them.
Thankfully now we have a technology which doesn't only remove these intermediaries by creating a trust-free network but also enables us to decentralise the processes resulting into transparency, efficiency and trust into the system. Blockchain’s ability to record data such as transactions, contracts, and agreements and have them verified by users of the distributed ledger means that the technology has the potential to disrupt in a range of industries such as financial services, telecoms, legal, manufacturing, and transportation. Blockchain sharing the same vision as us we believe in a better world and a better business processes with our solution.