Finding Leverage Through Blockchain

Blockchain technology uncomplicates several processes and benefits, in particular, India’s entrepreneurial ecosystem

- Vaishali Dar

ENTREPRENEURSHIP IS ALL ABOUT getting the right opportunity at the right time. Blockchain, for sure, will give entrepreneurs new ways to raise funds and innovators a new way to develop applications. This new wave of innovation is not too far, which may revolutionise entrepreneurship and innovation.

Many entrepreneurs aim to understand the massive practices of the innovative solutions and some of them are unique to our times. “Perhaps the most exciting piece of the blockchain puzzle is how the technology can enable a whole new wave of entrepreneurs (engineers, designers, solution architects, etc.),” explains Santhosh Palavesh, Head of Innovations and Digital Marketing, Belfrics Global. “Surely in the next decade, we will see a number of critical innovations. Time is not far where we would see a new stream of billionaire entrepreneurs evolving from blockchain domain.” Similarly, Hitesh Jain, founder and CEO of GoPhygital says that almost all softwares that exist today need to be upgraded to the next level by using Blockchain technology. “This will open numerous doors for entrepreneurs who can build their own SaaS service,” says Jain.