Indian Markets All Set to Benefit from Blockchain Tech
An Indian company has come up with a solution that could potentially change the way derivatives and cash contracts are settled in stock markets. UTrade Solutions is a fintech company that provides enterprise solutions. They are also active in providing Blockchain driven learning, multi-asset trading platform, algorithms and risk management solutions to financial institutions and their end customers. Recently the company has announced the launch of uClear, which is India’s first Blockchain solution for real time clearing and settlement of contracts in cash and derivatives segments. What can....
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This announcement comes at a time during which a lot of exchanges are actively exploring blockchain technology. Bringing Bitcoin technology to the masses seems to be the primary objective for a lot of companies. uTrade, an Indian startup, will use blockchain technology for stock trade settlements. Instantaneous clearing and settlement of stock exchange trades is a significant benefit of blockchain technology in the world of finance. The blockchain seems to quickly become a favorite tool among Indian startups. Albeit uTrade is specialized in selling trading platforms, algorithms, and data....
Indian multinational and conglomerate Mahindra will set up a blockchain incubator to support startups in the development of blockchain-based applications in a number of industries. As a conglomerate, Mahindra & Mahindra (M&M) has a foothold as a major automaker in India with exports of vehicles to multiple countries, a presence in finance, IT, finance, consulting and other industries. With its incubator, the aim is to develop blockchain solutions that can be across multiple companies in the Mahindra Group, according to a report in the Business Line. In quotes reported by the....
Are you investing in India or are you an Indian investor? The Indian stock markets are the jewel in the crown of emerging market nations known as BRICS. Mainstream investors often harp on about what great potential resides in India’s burgeoning young population who want more of everything and will consume anything. We are also often told by market gurus that the Indian growth story is still intact. Another term that is furiously thrown about is that the turnaround is just around the corner. So what about the Indian markets? Is investing in Indian stocks, mutual funds etc. worth your while?....
Unocoin's partnership with Bitwage will allow employees in India to accept Bitcoin payment. The Indian Bitcoin ecosystem just got a bit more exciting. Unocoin, one of the “Big Four” Indian cryptocurrency companies has announced its partnership with Bitwage. The partnership is expected to further improve Bitcoin adoption in the country which is already showing increased interest in the digital currency following government’s recent “demonetization” initiative. Unocoin’s partnership with Bitwage will help Indian freelancers and employees to receive their salaries and wages in Bitcoin instead....
Indian IT consulting firms are seeking to implement a blockchain application that could greatly benefit their clients in the financial sectors. The “disruptive technology” is “a game-changer,” said a senior executive at Infosys, who has worked with a team of 20 Infosys employees in Palo Alto and Bengaluru offices to evaluate possible blockchain applications that could help clients. Vishal Sikka, Infosys CEO and head of Infosys’ core banking product Finacle, has hired executives to further explore blockchain technology. A Finacle executive said: “The thing with this (Blockchain) is that we....