DiGiSPICE: Industry Monitoring 13 March 2019
- Priyanka Kanodia
- Mar 18, 2019
- 7 min read
DiGiSPICE
Industry News
‘Let RCom use trust fund to pay Ericsson', NCLAT warns lenders of insolvency
Publication- The Economic Times
Edition- Online
Date- 13 March, 2019
An appellate tribunal has warned lenders to Reliance Communications NSE -3.92 % (RCom) that their failure to release tax refunds to clear the telco's dues may force court to send the telco back into insolvency proceedings. “If you don’t pay we will vacate the order (staying insolvency proceedings) and ask for insolvency,” National Company Law Appellate Tribunal (NCLAT) said on Tuesday.
“If the payment fails we will pass orders for insolvency,” said a two-member bench headed by Justice SJ Mukhopadhyay. The tribunal will hear the case on Wednesday. RCom requested that Rs 260 crore of tax refunds held in a trust fund by lenders be released on behalf of the telco to pay Swedish telecom gear maker Ericsson.
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Digital guidance and engagement platform Whatfix rakes in Rs 92 Cr Series B round
Publication- ENTrackr
Edition- Online
Date- 13 March, 2019
Digital guidance and engagement platform Whatfix has raised Rs 92 crore led in Series B round led by Eight Road Ventures.The funding round also saw participation from F Prime Capital and Cisco Investments besides existing investors – Stellaris Venture Partners and Helion Venture Partners.
Based out of San Jose, California, and Bengaluru, Whatfix had picked up $3.6 million in its Series A round from the existing investors along with Powerhouse Ventures in April 2017. The six-year-old startup will use the fresh proceeds to expand into the newer markets and grow its research and development teams in the US and India. The company has roped in Heineken, Myntra, Wipro ManPower Group, Mahindra Comviva among others its clients.
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Blockchain ecosystem to see rapid growth in India, says Nasscom
Publication- Livemint
Edition- Online
Date- 13 March, 2019
Investments in blockchain-based companies and startups have witnessed a massive surge, globally touching over $20 billion, across an array of industries, technologies and use cases. This was announced by the National Association of Software and Services Companies (NASSCOM) on Tuesday in its India Blockchain Report 2019, which highlights the developments in the global and Indian blockchain market and ecosystem.
According to the report, the Indian public sector has driven blockchain-based projects with nearly half the Indian states involved. Moreover, the state governments are also ensuring a progressive approach is taken up to impart a conducive framework for startups and niche service providers to participate in these initiatives.
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The ET AI-IoT Summit 2019 To Scrutinize Technology In The Enterprise
Publication- The Times of India
Edition- Online
Date- 13 March, 2019
Organizations the world over are challenged by ever-changing economic conditions, technological developments, or consumer preferences, which compel organizations to adopt smart automation solutions. Technological revolutions in the form of Artificial Intelligence (AI) and Internet of Things (IoT) offer huge potential to use technology for improving customer experience, intelligent automation, reassigning resources, predictive maintenance and improve process efficiencies.
According to various surveys conducted by CMR, most enterprise decision makers in major industries firmly believe that there's a strong need for both Artificial Intelligence and IoT in their segment. They believe that these technologies can offer immense business value, whether to dramatically enhance operational efficiency or to bring highly profitable growth. However, there's no one-size-fits-all solution when it comes to either solution. It must be customized as per every business's unique needs.
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IoT Congress 2019 At Bengaluru Will Focus On Bringing IoT Into The Mainstream
Publication- BW CIO World
Edition- Online
Date- 13 March, 2019
The Institution of Engineering and Technology (IET) has a lineage dating back to 1871 and was setup as a not-for-profit membership body with a purpose to advance the engineering community and facilitate the exchange of information and ideas among its members. IET India members setup the IoT Panel in 2015 under the leadership of Dr Rishi Bhatnagar, President, Aeris Communications. The IoT Panel has since evangelized an annual event IoT India Congress which is in its 4th edition and will be held at Hotel Lalit Ashok, Bengaluru on 22nd and 23rd August 2019.
“IoT Congress is a platform of platform for the Internet of things. The platform will bring the academia, industry and the government on to a single platform to shape and impact the diffusion of Internet of things in India,” said Shekhar Sanyal, Country Head, IET India while speaking at the event hosted by IET to launch the fourth edition of the IoT Congress. IoT is set to expand across the globe and will touch all sectors of the global economy. IET projects that the IoT business in India will grow at 28% over the next five years.
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Aeris Mobility IoT platform comes to Okinawa Scooters
Publication- Deccan Chronicle
Edition- Online
Date- 13 March, 2019
At the IoT India Congres, Aeris, an Internet of Things (IoT) technology partner for Enterprises, announced that it is providing Aeris Mobility IoT Platform to Okinawa Scooters, an Indian electric two-wheeler manufacturing company established in 2015 for its B2B and B2C segments.
Okinawa works on an eco-friendly, sustainable and socially responsible model with an objective of protecting nature through the ‘3 principles’ of Go green, Save Mother Earth and Reduce the Carbon Dioxide imprint on the planet. It manufactures high-speed EVs with the help of state-of-the-art technology.
While Okinawa focuses on safety and security features for the consumer segment, Aeris enables the company to provide an integrated solution with insights on Trips, Alerts, Driver Behaviour, Find My Scooter, Secure Park and SOS. Okinawa’s customers can even immobilize the vehicle remotely in an event of theft.
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Infosys Finacle, Hatton National Bank partner to pioneer blockchain-based trade finance in Sri Lanka
Publication- India Info Line
Edition- Online
Date- 13 March, 2019
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys announced that Hatton National Bank (HNB) has selected Finacle Trade Connect to enable a blockchain-based domestic and cross-border trade finance network. The Finacle Trade Connect solution will be used by HNB to pilot a trade network with other corresponding banking partners and its corporate clients.
The network is expected to help HNB and other participating entities substantially increase automation and transparency, while efficiently managing risks in trade and supply chain financing operations.
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Ripple’s Xpring and Forte Creates $100 Million Fund For Blockchain Game Developers
Publication- Krypto Money
Edition- Online
Date- 13 March, 2019
Xpring, the developer ecosystem project by Ripple and Forte, a game industry blockchain platform collaborates to develop a $100 million fund in order to support the blockchain game developers. As per the press release published on March 12, the fund is targeted to encourage mass adoption of blockchain technology in the game industry, by increasing engagement and monetization with players. Reportedly, Forte is targeting game developers with an interest in blockchain deployment and running live games economies with more than 50,000 daily active users.
The products by Forte, reportedly use the open-source Interledger Protocol with Ripple’s XRP token and the container-based hosting solution Codius that facilitates cross-chain transactions. The San Francisco-based blockchain startup, Forte is backed by big industry players such as venture fund Andreessen Horowitz, early-stage capital firm Canaan Partners and Coinbase Ventures among others. Whereas, Xpring is Ripple’s initiative in order to develop a community of developers, entrepreneurs and companies engaged in blockchain technology.
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Kakao’s Blockchain Arm Ground X Managed To Earn $90 Million in Private Token Sale
Publication- Krypto Money
Edition- Online
Date- 13 March, 2019
The blockchain subsidiary of South Korean messaging giant Kakao, Ground X minces $90 million in a private coin offering. Reportedly, the firm is planning to raise “a similar sum” in another round starting Tuesday, before its launch its blockchain platform in June. As per a report by Bloomberg on Monday, Jason Han, Ground X CEO told that IDG Capital, Cresendo Equity Partners and Translink Capital had participated in the round.
In March 2018, Kakao revealed its initial plan to set up a blockchain subsidiary. Soon after that, they launched Ground X to develop a blockchain-powered platform as a foundation for application developers. The top execs of the company elaborated at the time that the plan was to integrate future blockchain-based services with Kakao’s existing internet offerings, in the likes of Kakao Talk messaging app. Ground X launched Klaytn, a test network (or testnet) for its proprietary blockchain network last year. Notably, it has already collaborated with 26 companies that are planning to run their apps on Klaytn, including South Korean video game developer Wemade and video streaming platform Watcha, as well as a unit of Chinese travel agency Zanadu.
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Blockchain solutions are appearing in telecoms, and they’re good
Publication- Nyoooz
Edition- Online
Date- 13 March, 2019
The age of multiple log ins, multiple passwords and massive frustration comes to an end when you use blockchain for identity management. Through analytics and advanced network management, it is building an ecosystem that makes sense and makes money. Blockchain really does seem to be something that makes sense and something that lives up to – even surpasses – the hype.
This particular solution is about identity management and customer experience. Being able to sign off a significant telecoms bill easily and quickly because it is based on blockchain records would be music to the ears of the vast majority of telecoms managers.
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Artificial Intelligence, IoT To Aid Puerto Rico In Rebuilding After Hurricane MARIA
Publication- Republic World
Edition- Online
Date- 13 March, 2019
Puerto Rico’s governor said Monday that he hopes a new technology center can help the U.S. territory incorporate artificial intelligence and internet -connected devices as it rebuilds from Hurricane Maria. Governor Ricardo Rossello said the lab located in the northern city of Bayamon will be completed in four months and will be run by a local company, Engine-4. It will receive resources and help from companies including Intel, AT&T, IBM, Microsoft and Hewlett-Packard.
“The opportunities are enormous,” he said. “It allows us to take these ideas and give them shape.” He said Intel will create an innovation center within the lab to focus on artificial intelligence technology, “internet of things” devices and drones. Rossello said he expects some projects will help create “smart cities” with features that might include technologies to detect flooding in the event of a storm, adding that the lab will be open to high school and university students.
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Five Smart City Development Bottlenecks and How to Overcome Them
Publication- CIOL
Edition- Online
Date- 13 March, 2019
While urbanisation of cities has been an ongoing process for several decades now, the advent of technology has changed the ways in which we deal with the challenges it brings. Urban population is bursting at its seams and the pressure on civic infrastructure for the provision of basic utilities is immense and growing. With their capability to deal with all of this efficiently, it is no surprise that Smart Cities are seen as technology's answer to all these woes.
First things first: What are Smart Cities?
Rampant urbanization massively affects quality of life, and Smart cities are seen as an effective way to counter the challenges urbanisation brings along. Through its heavy usage of Information and Communication Technology, the smart city concept allows direct communication between those responsible for administration and the citizens, thereby ensuring open access and dissemination of information to the citizens.
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