The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater and the main question every single person is asking is: What is Blockchain?
By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet viz. Web 3.0. Originally devised for the digital currency, Bitcoin, the tech community is now exploring other potential uses for the technology.
Importance of Blockchain
Blockchain technology is like the internet in that it has a built-in robustness. By storing blocks of information that are identical across its network, the blockchain cannot
- Be controlled by any single entity
- Has no single point of failure
The USP of blockchain is that it allows two parties to execute a transaction without any intermediary. Blockchain can allow financial institutions to execute and verify transactions discretely without any human intervention. Experts believe that blockchain architecture can significantly reduce the costs and inefficiencies in the financial sector.
Incubation program by Satoshi Studios
To all the entrepreneurs who are working on interesting applications around the blockchain technology and to all those who are looking for feedback’ for their product ideas, Satoshi Studios is looking forward to working with you and know more about you.
Being 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 (Co-Founder BitAngels, the first angel network for investments in bitcoin/digital currency companies) and more Bitcoin Pioneers, Sahil Baghla, co-founder of Satoshi Studios believes that the three months program will accelerate the growth of blockchain community in South East Asia.
The six selected startups will get an awesome workspace and living space for 3 months in New Delhi, India. Apart from infrastructural benefits, entrepreneurs will also be exposed to intensive mentorship sessions by Blockchain veterans that will help startups to reach Product Market Fit quickly.
Hurry up, grab the chance to build your block chain idea apply now !.
The last date to apply for your blockchain idea is 28 Feb 2017"Southeast Asian Blockchain Incubator, Satoshi Studios, Opens Applications",