Mumbai-based BSV Blockchain-focused startup, TimeChain Labs Pvt Ltd (TCL), and Nu10 Technologies have announced a strategic partnership to provide end-to-end BaaS (Blockchain as a Solution) services to businesses globally. The MoU was signed between Rohan Sharanfounder and CEO of TCL, and Mohit Kataria, co-founder of Nu10, and the duo have sealed their intention to present a combined face in interactions with potential and existing customers who require their solutions to be built on the BSV Blockchain. In advance of Enterprise Utility Blockchain Summit India in Bengaluru (August 05-06) sponsored by BSV Blockchain Association, their decision to join forces and offer cutting-edge Blockchain solutions to customers is firmly based on the benefits offered by BSV Blockchain, namely scalability and low transaction fees.
TCL, founded by IIT Kharagpur alumnus Sharan (who is also the BSV Blockchain Association ambassador for India), has been involved in everything BSV since its founding in 2021. Another alumnus of IIT Kharagpur and a then Berlin-based PhD candidate in physics, Mallikarjun Karrajoined as a director to help Sharan’s vision and “launch a series of products that constitute an operating system for a civilization built on top of the time chain (blockchain).”
Also read: Integrating Blockchain into the Enterprise Tech Stack to Develop Resilient Supply Chains
Nu10, on the other hand, is a web3 solution provider with offices in New York, Estonia and Bengaluru, India. Co-founder Kataria, an alumnus of IIT D and IIM C, is a technology enthusiast and a serial entrepreneur, and has called BSV “one of the best distributed ledgers for businesses with low fees, greater scalability, excellent computing capacity and the facility for micro and nano payments.” Nu10’s Director of Product, Parimal Priyadarshiwho recently began to appreciate the superiority of Bitcoin SV due to his own carefully conducted research, has been the driving force behind this marriage and the dream of being the “Infosys of the Web3 and BaaS gold-rush.”
Sharan and Kataria noted that this partnership would be ideal to address the needs of public and private enterprises as TCL specializes in consulting and architecture design for reliable BSV solutions, while Nu10 offers the benefit of over a hundred experienced full-stack developers. “We have already received requests for consultations from various quarters in the run-up to the EUB summit in Bengaluru,” they said.
The emergence of an Indian BaaS provider helping businesses with blockchain adoption and offering cost-effective solutions is certainly good news for the global BSV ecosystem.
CEO of the BSV Blockchain Association, Patrick Prinz so: “Interest has now grown to see what blockchain’s usefulness and potential really are; for example, two of the courses* we run in the Association, one for entrepreneurs and one for developers, have seen a significant upswing from participants in India this year. It is great to see agreements of this nature come to fruition with two sets of entrepreneurs working together to achieve their goals at BSV.
“We are excited to sponsor the EUB Summit as it is a fantastic opportunity to educate developers and entrepreneurs on the benefits of developing on BSV whether it is P2P electronic cash, micropayments, immutable ledger and secure end-to-end communication.”
Check out the new Enterprisetalk podcast. Follow us on Google News for more such updates Enterprisetalk News.