Connect with us

Latest News

Andhra Pradesh Government Flags Off The Blockchain Business Conference

Avatar

Published

on

Andhra Pradesh Government News,Blockchain Business Conference,Startup Stories,Blockchain capital of India,Fintech Valley Vizag,Chief Minister of Andhra Pradesh Chandrababu Naidu,India Blockchain Technologies,AP Startup Conferences 2017,Inspirational Stories 2017


The Andhra Pradesh Government, in a bid to make Vishakhapatnam the blockchain capital of India, launched the Blockchain Business Conference yesterday. This flagship initiative by the Government of Andhra Pradesh marks the second leg of the Fintech Valley Vizag initiative that was started in March 2017, with the Fintech Spring Conference.

The two day conference will explore blockchain technologies, its applications and how it will impact the financial services industry. Regional and international experts, startups, corporates, regulators, entrepreneurs, policymakers and academics will be participating in this event. More than 50 startups from across the world will be showcasing their products and solutions in the fintech and blockchain domains.

Speaking at the conference, the Chief Minister of Andhra Pradesh, N. Chandrababu Naidu said, “I want to make Visakhapatnam not only India’s capital for fintech or blockchain technologies, it will be a center of excellence for the global community.

ICICI Bank and Mahindra Finance also inaugurated two new accelerator programs at the conference which will mentor and finance 30 startup companies and help them in solving problems. The Government is also looking to triple the size of their Rs. 100 crores angel fund by bringing in co investors and domestic institutions. A Rs. 500 crores fintech fund will also be set up, which will function separately from the innovation focused angel fund. With a target to engage with 50 startups this fiscal year, the fintech fund will receive Rs. 100 crores from the government and the remaining amount will be raised from co investors such as the Small Industries Development Bank of India.

Along with the Chief Minister Chandrababu Naidu, Lokesh Nara, the IT Minister of Andhra Pradesh, Gulshan Rai, the Special Secretary of Cybersecurity and Prime Minister’s Advisory, Mr. Ravi Menon were the other keynote speakers at the event. Speaking about the disruptive blockchain technology, Lokesh Nara said Andhra Pradesh was the first state to use blockchain pilots and the technology has also been already taken up by the IT sector.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

HCL And Nine Other Companies To Develop A Desi Alternative For Zoom And Google Meets

Avatar

Published

on

HCL And Nine Other Companies To Develop A Desi Alternative For Zoom And Google Meets

The Indian government suggested that Indians need to aggressively work on homegrown technologies and develop them so that they are on par with technologies developed by global giants.  This push comes on the heels of the COVID-19 pandemic which forced the government to enforce a strict lockdown which has exceeded two months.  The economic struggles are slowly becoming apparent as the shutdown has impacted millions of businesses across the country.  In order to stabilize the economy the Prime Minister of India Mr. Narendra Modi suggested Indians should focus on locally sourced products as a first priority.

During the lockdown chances of hearing about online video calling applications like Zoom, Google Meets and Microsoft Teams are very high as a lot of businesses which went remote have used one of these softwares as part of team communications.  The Indian government has identified and shortlisted ten Indian companies to develop a Made In India video conferencing solution.  These companies include Zoho, HCL, PeopleLink, Aria Telecom, CyberHorizon Corp, Instrive Softlabs, PeopleLink Unified Communications Sarv Webs, Soulpage IT Solutions, Techgentsia Software Technologies and Data Ingenious.

Each of these companies would receive 5 Lakh INR to develop a prototype similar to Zoom or Google Meets.  The government would then shortlist three companies out of the ten and grant them 20 Lakh INR, to develop the video conferencing platform.  The government would finally select one of the three companies to provide the final build which would be used by Central and state governments as an alternative to Zoom and Google Meets.

ALSO READ: Zoom Video Conferencing App Downloads Dethrone Whatsapp And TikTok In India

After the third round, the government would select the best solution which will get the final contract.  The contract is said to be for a period of four years.  In the first year, the government is expected to pay INR 1 Crore to the selected startup while additional INR 10 Lakh would be given to the company in the next three years for operations and maintenance of the solution.

The Project was undertaken by the Ministry of Information Technology and as a part of the push to promote Indian software products.  The video conferencing solution should be able to work in low bandwidth areas without any glitches.

Continue Reading

Latest News

Facebook Finally Launches Messenger Rooms Which Accommodates 50 People And Unlimited Video Calls

Avatar

Published

on

Facebook Finally Launches Messenger Rooms Which Accommodates 50 People And Unlimited Video Calls

The lockdown and quarantine measures implemented in multiple countries meant that people could not commute to work or go outside for social gatherings.  This scenario hugely benefited video calling and conferencing platforms and applications.  Zoom, Skype, Facetime, Google Hangouts and Houseparty have seen a phenomenal spike in daily active users.  Facebook has joined the club by finally upgrading its messenger capabilities.  

Facebook Messenger is a chatting and video calling application developed by Facebook.  Facebook is finally introducing a new feature in messenger named Messenger Rooms.  The free feature will allow Facebook and Messenger users to create group video calls of up to 50 people, contrary to the eight people limit available currently.  The Messenger Room does not require a Facebook account and works similar to the Zoom meeting rooms.  Participants can join the room by clicking on a link.

ALSO READ: Zoom Video Conferencing App Downloads Dethrone Whatsapp And TikTok In India

The rooms do not have any time limit which lets people converse indefinitely.  There are a slew of other features like augmented reality filters, normal filters, virtual masks and a feature to lock the rooms.  Facebook also announced that it is doubling WhatsApp’s video call person limit from four  to eight people as well.  However the Messenger Rooms feature is not immediately available and Facebook will roll the feature out slowly in all the regions it operates.

In a company blog post,Facebook said that 700 million accounts participate in calls everyday between Facebook and WhatsApp.  Once Facebook announced this news, shares of the video calling company Zoom fell down by 5%.

Continue Reading

Latest News

How This Bangalore Based Augmented Reality Startup Helped Contain Wuhan Covid-19 Outbreak

Avatar

Published

on

How This Bangalore Based Augmented Reality Startup Helped Contain Wuhan Covid-19 Outbreak

When news about a new type of virus broke out, the world was not ready for what was to come.  The Novel Coronavirus or COVID-19 virus originated in Wuhan province of China. This is now established as the  epicenter/epicentrum that quickly paralysed the entire Country, before the virus spread to other countries.  Currently, the virus spread to almost every nation on the planet with Italy, Spain, America and Germany being some of the worst affected countries.

The virus seems to have finally subsided in Wuhan and life is slowly returning back to normal.  However, when the virus was at its peak, ventilators were the need of the hour. The virus affects the respiratory system and symptoms include difficulty in breathing.  Beside the lockdown which played a part in controlling the spread of the virus, ventilators supplied by Huber & Ranner, a German company played a vital role in combating the illness.  

However, the technical team could not travel from Germany to Wuhan in order to install the ventilators and demonstrate how to use them.  This is where a Bangalore based startup BlinkIn, stepped in to the rescue. According to reports, BlinkIn developed an augmented reality (AR) product named Scotty to provide visual guidance to the technicians in Wuhan.  They did this based out of their office in Pocking,Germany. All that the technicians in Wuhan had to do was to click on a link to see a visual demonstration.

Scotty was unlike the other AR products available currently and what makes it special is its simplicity of use and the ease of deployment.  Scotty uses WebGL, a JavaScript API(Applications Programming Interface,) to render graphics on to a compatible browser. Chief Executive Officer and co-founder of BlinkIn, Harshavardhan Kumar says “WebGL lets you access a mobile phone’s GPU (graphics processing unit) to run computer vision algorithms. That’s how we bring AR experiences through the Web rather than a mobile app (sic.)”   All the technicians at Wuhan had to do was point their phone screen at a ventilator and an installation point, and the AR markers helped indicate how to set the ventilators up as a technician walks through with instructions over voice communication.

The idea behind Scotty was to use lightweight technology in order to provide just enough AR support to get the job done ‘then and there.’  Scotty requires minimal computational power unlike traditional AR, which relies heavily on heavy downloads, graphics processing units and figuring out how to use it.

It is truly wonderful to see how different technologies are adapting to these uncertain times and it will certainly be interesting to see how AR can be merged into other technologies as well in the future.

 

ALSO READ: Coronavirus Pandemic Testing Startups By Disrupting Supply-Demand

Continue Reading
Advertisement

Recent Posts

Advertisement