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.
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
“Our vision is to build New Delhi (India) as the Blockchain Knowledge Hub of Southeast Asia,” says Sahil Baghla
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
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.
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.”"Here is How Satoshi Studio Wants to Make New Delhi, India as a "Blockchain Knowledge Hub for South East Asia"",