Business

Here is How Satoshi Studio Wants to Make New Delhi, India as a “Blockchain Knowledge Hub for South East Asia”

Indian Business Blog featuring on Business, Technology and Education
Written by Harshad Patankar

If you’re a Bitcoin startup of having an idea based on the bitcoin technology then you’ll find this interesting for your startup. South East Asia has got it’s first Blockchain Incubator and mentored/invested by Bitcoin Pioneers like Roger Ver, Amit Bhardwaj, Michael Terpin to name few. The post explains how you can get a incubation for your startup with this great initiative.

Let us understand about what are blockchain systems

About Block chain Systems

Systems written of Blockchain are poised to solve internet’s biggest problems of privacy, security, and inclusion. These systems can give us a way to live in a truly democratic and peer to peer society that comes to consensus about the laws and systems of value exchange that we have known to live with.

Blockchain can eliminate the middlemen in any industry that relies on data integrity. From finance (banking, payments, crowdfunding) to sharing economies (Uber and AirBnB-like platforms) to communications (social networks, email) to reputation systems (credit rating, seller rating on e-commerce sites) to governance, the possibilities are endless.

RELATED:  Weekly Digest 16 Nov - 21 Nov BumbleBee Hub

Incubator for Blockchain Startups

It opened up applications for Batch 1. and  are investing $50K in each startup. Batch 1 will start from 1st April and six startups from South East Asia will fly to New Delhi, India for three months. Here they will work and live together for 3 months and will go through intensive sessions by Blockchain Experts

Details of Incubator program by Satoshi Studio

If you’re a start up or having idea in the Blockchain Technology then the incubator has a 3-month intensive residence program in New Delhi, India, where the founders will spend time with the GBMiners team and other blockchain startups and receive 50K USD in funding for 8%-15% equity in the company.
 “Our vision is to build New Delhi (India) as the Blockchain Knowledge Hub of Southeast Asia,” says Sahil Baghla

Indian Business Blog featuring on Business, Technology and Education

South East Asia and bitcoin adoption will be a very symbiotic relationship. The region is the world’s largest inward remittance market and also has the world’s largest unbanked population. There is so much potential in bitcoin’s adoption in the region, and the times could not be better for bitcoin adoption especially with the region’s largest economy’s biggest currency notes being demonetized recently

RELATED:  Housing integrates Uber to offer Cab booking option

The Indian economy is undergoing interesting times, where the Prime Minister Modi recently demonetised 500 and 1000 rupee currency notes, which formed majority of the paper currency in circulation in the country and the aggressive Prime Minister is rigorously pushing for a cashless economy for which government has also announced the special helpline 14444.

Advisers

The program is backed by people like Roger Ver (who has single-handedly funded the seed rounds for the entire first generation of Bitcoin businesses), Amit Bhardwaj (who is leading the march for Bitcoin Adoption in India), Michael Terpin (he co-founded BitAngels, the first angel network for investments in bitcoin/digital currency companies) and more Bitcoin pioneers.”

Indian Business Blog featuring on Business, Technology and Education

"Here is How Satoshi Studio Wants to Make New Delhi, India as a "Blockchain Knowledge Hub for South East Asia"", 5 out of 5 based on 1 ratings.

About the author

Harshad Patankar

My name is Harshad Patankar and I am the chief blogger at BumbleBeeHub Blog and where I like to share my internet/tech experience along with some fascinating updates around the Business, Technology, Education and Government sectos with my online readers on this website. You can read more about me at my About Page. You can follow me on Twitter, Facebook & Google