Zebi Reaches $10M ICO Hard Cap and Plans to Become Blockchain Network of India
At this moment in time, India’s blockchain development is well-sustained by Zebi, a platform consisting of two main pillars, these being the Zebi Chain and Zebi Data Gateway. Zebi’s main purpose is to provide individuals, businesses, data requestors and data providers with a platform, where they can securely and efficiently exchange information.
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During the last couple of months, Zebi has been hard at work by carrying out its Initial Coin Offering, developing more advanced software, and signing contracts with Indian states. With this in mind, the company has recently made the news after successfully completing its ICO, by reaching the $10M hard cap. Reports indicate that Zebi has also signed a big data multi-year contract with an Indian state government, having a population of 50 million people. Not only this, but Zebi has submitted its proposal to two additional states, averaging a population of 160 million.
It is believed that the ICO success that Zebi had is owed to several factors, these being: the start-up already has a fully-functional product; the CEO has 18 years of experience at Oracle, where he held the ‘director of software development’ position until he left the company to start Zebi; the company is also founded, mentored and managed by MIT, Oxford, IIT and Stanford alumni, alongside with leaders from Silicon Valley, with experience at top companies including Google, Uber, Microsoft and Amazon.
For those who do not know, Zebi’s blockchain solution plans to be reliable (through blockchain technology), flexible (with minimal intrusion and respect to private/public blockchain use cases), technology enforced (through the use of smart contracts and digital signatures), efficient (via transparent and instant access to data), democratic (as all sensitive data requests will go through a consent mechanism), and of course, paperless (as business processes can be fully automated, thus leading to a paperless information exchange).
In the future, the team behind Zebi plans to transform the company into a full service platform that others can use to create their very own apps, and of course, transform Zebi into the Blockchain of India. This is surely possible, given the fact that the Indian PMO is highly-supportive of blockchain technology, given his Twitter statement: ‘Disruptive technologies such as Block-chain and the Internet of Things, will have a profound impact in the way we live and work. They will require rapid adaptation in our workplaces.’
For more information on Zebi, feel free to access their white paper, live product demo and website.
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