DiGiSPICE: Industry Monitoring 18 January 2019
- Priyanka Kanodia
- Jan 18, 2019
- 7 min read
DiGiSPICE
Industry News
Paytm joins hands with Zomato to offer in-app food delivery service
Publication- Business Today
Edition- Online
Date- 18 January, 2019
E-commerce platform Paytm has partnered with online food delivery aggregator Zomato to allow its users to order food through the mobile wallet application. The service has been made live in the Delhi-NCR region and will be rolled out in other parts of the country soon.
This follows the trend of aggregators from different markets entering the food delivery segment via partnership or in-house platforms. For example, home-grown cab hailing service Olahas joined hands with Swiggy to offer online food delivery right from its app. On the other hand, Uber floated its own dedicated food delivery app Uber Eats around two years back.
Notably, Paytm's parent company, One97 Communications and Zomato have a common investor in Alibaba. The payment platform is also backed by Softbank and Warren Buffet's Berkshire Hathaway, along with others. The food delivery platform has Ant Financial, Sequoia Capital and Singapore sovereign fund Temasek.
Please click on the link below:
5G And Digital Content Consumption In India: What To Expect?
Publication- Republic World
Edition- Online
Date- 18 January, 2019
With 5G now being the latest buzzword as far as next-gen wireless network connectivity is concerned, it only becomes imminent to ponder about if there would be a technology revolution as a result of 5G and related connectivity.
In this regard, at the recent 13th India Digital Summit, organized by the Internet and Mobile Association of India (IAMAI), TRAI Chairman Ram Sevak Sharma stated that the digital future would definitely be bright with respect to 5G spectrum and connectivity. R. S. Sharma said that 5G will be the digital tomorrow of this nation of fast-growing internet consumers.
Also, with digital disruption apparently set to thrive, the Over-The-Top (OTT) content is also estimated to be a strong area as far as Digital India is concerned. In this regard, videos would be at the numero-uno position as far as driving content consumption is concerned. Here, Neeraj Roy, Founder and CEO, Hungama digital and Hiren Gada, CEO, Shemaroo Entertainment were of the opinion that estimated 500 million internet users will be subscribing to a bouquet of content in the next 5 years.
Please click on the link below:
Syndicate Bank to use blockchain for ATM reconciliation
Publication- The Times of India
Edition- Online
Date- 18 January, 2019
Indian banks like ICICI Bank, Axis Bank and Kotak Mahindra Bank have so far been using blockchain for cross-border remittances. Syndicate Bank is now extending its usage by creating a private blockchain for ATM reconciliation. Blockchain is a distributed ledger that records transactions occurring between different blocks - and Syndicate Bank is now keeping ATM machines as one of the blocks to help verify transactions and alert the customer in nanoseconds. "Say you are a Syndicate Bank customer taking money out of say a Syndicate Bank or ICICI Bank ATM.
If say you tried to withdraw Rs 10,000 and you get a message saying your account has been debited, but cash has not been dispensed - what do you do?" asks Mrutyunjay Mahapatra, MD, Syndicate Bank. The normal procedure is to call the customer's bank, report the incident. And then wait for 4-5 working days, as the bank checks its systems to verify if the transaction has occurred or not and then reverse the amount. "Meanwhile it's five days of tension for you. But in a blockchain model that need not be the case," says Mahapatra.
Please click on the link below:
Blockchain tech to boost shrimp exports from Andhra Pradesh
Publication- The New Indian Express
Edition- Online
Date- 18 January, 2019
After adopting Blockchain technology in various aspects of administration, the State government is now planning to implement it for tackling the excessive use of antibiotics and other illegal issues in aquaculture. The Fisheries Department and the Marine Products Export Development Authority (MPEDA) are working towards launching a pilot project, which helps monitor the entire supply chain of shrimp cultivation.
Even though Andhra Pradesh is the largest exporter of shrimp in the country, it also tops the list of number of rejections by major markets. According to the statistics, 60 per cent of the rejections last year were due to indiscriminate use of antibiotics by the shrimp farmers of the State.
Please click on the link below:
Global Blockchain Company Bitfury Launches Music Business
Publication- The Hans India
Edition- Online
Date- 18 January, 2019
On Wednesday the Bitfury Group, Global blockchain company, valued recently at USD 1 billion, announced the launch of a music and entertainment division that will create an open-source music platform secured by the bitcoin blockchain. Blockchain, which first surfaced as the system powering cryptocurrency bitcoin, is a shared database that is maintained by a network of computers connected to the internet.
The company told the open-source platform, named SurroundTM, will encourage collaboration and promote innovation within the industry. Bitfury further added the SurroundTM platform, will streamline the secure transfer of copyright assets including better monitoring and management systems.
Please click on the link below:
Blockchain to secure air traffic service
Publication- Telangana Today
Edition- Online
Date- 18 January, 2019
The agency will work with an open source Blockchain platform called ‘Hyperledger Fabric’ that is specifically designed for enterprise transactions that resemble typical air traffic management interactions, said Ronald J Reisman, an aero-computer engineer at the NASA Ames Research Centre. Blockchain would address the potential issues of privacy, prevent spoofing, denial of service and other attacks, Reisman said.
He asserted that Blockchain presents an engineering prototype that embodies a design and method that may be applied to mitigate security issues. “The design innovation is the use of an open source permissioned Blockchain framework to enable aircraft privacy and anonymity, while providing a secure and efficient method for communication with air traffic services, operations support, or other authorised entities,” he noted.
Please click on the link below:
IBM, MineHub join to use Blockchain in Mining And Metals Supply Chain
Publication- Steel Guru
Edition- Online
Date- 18 January, 2019
IBM announced Wednesday a collaboration with mining technology company MineHub Technologies Inc for a blockchain technology-based solution to use in the global mining and metals supply chain. The technology is expected to help improve operational efficiencies, logistics and financing and reduce costs in the high-value mineral concentrates supply chain, from mine to end buyer.
IBM noted that Goldcorp Inc, ING Bank, Kutcho Copper Corp, Ocean Partners USA Inc and Wheaton Precious Metals Corp are working with MineHub to build the new mining supply chain solution on top of the IBM Blockchain Platform.
Please click on the link below:
How Twitch Is Pumping Adrenaline Into Games With Data Analytics
Publication- Analytics India Magazine
Edition- Online
Date- 18 January, 2019
Every passing year video game engagement is growing at jet speed, with more and more people spending time in virtual reality. With all these transformations, the gaming companies are becoming a vital part of the buzzing entertainment industry — they are working day in and day out to deliver the outstanding gaming experience to its users.
It is not only the game developing companies that are reaping the benefits out of this transformation, but video streaming platforms have also seen a significant amount of engagement.
Started in June 2011 as a spin-off of Justin.TV, the general-interest streaming platform Twitchis one of the major players in the game streaming arena. Twitch’s popularity skyrocketed immediately, by October 2013, the platform had 45 million unique viewers and by February 2014, it became the fourth largest source of internet traffic in the US.
Please click on the link below:
HEC land boost for Ranchi Smart City project
Publication- The Telegraph India
Edition- Online
Date- 18 January, 2019
The formal transfer of land from Heavy Engineering Corporation (HEC) to the state government for Ranchi’s Smart City projects took place on Thursday, with a deed to this effect signed by urban development minister C.P. Singh and HEC chairman-cum-managing director Mradul Kumar Saxena at the capital’s Project Bhavan. Urban development minister Singh said while construction work on many Ranchi Smart City project components was already on, this land transfer was significant as it would speed up the pace of projects by doing away with hurdles related to plot availability in Dhurwa-Jagannathpur.
“We hope area-based development projects under smart city now get impetus and are completed at the earliest,” the minister added. Ranchi is among the 100 cities under India’s Smart City mission. The vice-president of India, M. Venkaiah Naidu, laid the foundation stone of the Rs 10,500-crore Ranchi Smart City Project in the capital’s HEC area on September 9, 2017, with two components, area-based and pan-city development projects.
Please click on the link below:
Blockchain Technology Brings Reformation In Physical Oil Trade And Their Finance
Publication- Owlt Market
Edition- Online
Date- 18 January, 2019
Blockchain technology makes a debut in the domain of physical oil trade and related finance sector with the novel digital platform. This is entirely based on the crude oil trading which will be managed via this emerging technology. Indeed, the energy sector is having a keen interest in joining this new technological bandwagon which has already made its presence felt in almost all the industries.
The new digital platform is supported by major energy suppliers of the world market such as Reliance Industries, Chevron, and Total. They are said to have officially joined the blockchain consortium of investors dubbed as Vakt which includes big names like Equinor, BP, Gunvor, Mercuria, Koch Supply & Trading, and Royal Dutch Shell.
Vakt is the first ever blockchain technology trading platform specifically physical oil trade. This platform has made a lot of things simpler, faster, secure and cheaper in the commodities trade.
Please click on the link below:
Blockchain Smartphone Finney Takes Over The Market With Ultra-Secure Transaction Features
Publication- Owlt Market
Edition- Online
Date- 18 January, 2019
Blockchain smartphone is the new market sensations which are being looked upon as a game changer of the mobile industry. There are already a few blockchain enabled smartphones in the market but the show stopper is Finney device introduced by Swiss-based Sirin Labs. This premier device is cyber-protected and comes with a built-in cold storage wallet along with a unique secure screen that is completely safe for crypto transactions.
Finney posses quite a lot of innovative features such as hardware protection of crypto-asset, built-in token conversion service to facilitate seamless conversions of tokens and crypto coins and decentralization of native apps. It was originally launched in July last year and was put up on sale for $999. The pre-orders were opened in November and they are all set to receive it within this week.
Please click on the link below:
.
Comments