Cryptocurrency is an encrypted decentralized digital currency transferred between peers and
confirmed in a public ledger via a process known as mining. Cryptocurrencies, predominantly
spearheaded by the Bitcoin, have taken the financial world by storm. Today, the demand of
Cryptocurrencies, namely Bitcoin and Smart Contracts namely Ethereum, as well as the application
of the Blockchain Technology have been growing remarkably following the popularity on the global
stage. With no government or “anchor” backing up cryptocurrencies, the only foundation that
cryptocurrencies have is people’s faith in their value. In other words, solely the market mechanism
determines the price of cryptocurrencies.
Blockchain is the most fiercely used technology today and is slated to disrupt various industries in the coming future. The use of Blockchain is building up in India as well. The progression of Blockchain technology in the finance space has been interesting & the potential of Blockchain and cryptocurrencies is phenomenal. The decentralised ledger system that Blockchain offers can be a faster, cheaper and safer way to transact.
Distributed ledger technology (DLT), or Blockchain as it is more commonly called, seems to have taken the world by storm, capturing the imaginations and the wallets of financial institutions all over the globe. Over the last three years alone, more than 2,500 distributed ledger technology patents have been filed, $1.4 billion in venture capital investments have been made, and the leading Blockchain consortium boasts 45 of the world’s largest financial institutions.
India is fast becoming a significant hub for cryptocurrency activity. Many fintech and e-commerce start-ups in the country are linking mobile transactions to personal mobile phone accounts given the high rate of unbanked population. With this as a driver The Economic Times presents the Cryptocurrency and Blockchain Conclave. In this exclusive Conclave we shall explore the prospects of Blockchain & Cryptocurrencies; focus on how the cryptocurrency industry continues to grow in India & discuss the opportunities for India as a Global Front-runner in Cryptocurrency & Blockchain.
The Economic Times Cryptocurrency and Blockchain Conclave 2017 | 30th November 2017 | Mumbai
Heads and Decision authorities of companies carrying products and services which cover every aspect of the Cryptocurrency & Blockchain industry including the following: