DiGiSPICE: Industry Monitoring 19 to 22 April 2019
- Priyanka Kanodia
- Apr 22, 2019
- 6 min read
DiGiSPICE
Competitors
Paytm Payments Bank appoints Sairee Chahal to board of directors
Publication- Livemint
Edition- Online
Date-20 April, 2019
Paytm Payments Bank Ltd (PPB) Saturday said it has appointed entrepreneur Sairee Chahal to its board of directors. Sairee Chahal is the founder and CEO of Sheroes — a community platform for women. "We are delighted to have Sairee Chahal on our board. She has comprehensive experience of customer service ecosystem. We will benefit from her knowledge and expertise," PPB Managing Director and CEO Satish Gupta said in a statement.
PPB, which was incorporated in August 2016, formally began its operations in 2017. Paytm Founder Vijay Shekhar Sharma holds 51 per cent stake in PPB, while the rest is held by One97 Communications. Gupta had recently stated that PPB has 4.4 crore savings bank accounts with deposits of over ₹400 crore as well as 26 crore wallet accounts.
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Industry News
Conversational AI goes mainstream now
Publication- The Times of India
Edition- Online
Date- 22 April, 2019
2019 is on the path to be an inflection point for conversational Artificial Intelligence (AI) as the technology moves from being considered to be a futuristic novelty to a value-add for enterprise marketing. As businesses embrace real-world applications of AI-based chatbots and voice-powered assistants, investments and acquisition action in the space has seen an uptick this year. Data from Tracxn shows 2019 has already clocked deals valued at over $6 million in the segment till date, compared to $13 million investments raised by startups in 2018, across 11 deals.
Marketing automation platform Netcore Solutions acquired Quinto.ai last week, securing access to startup’s AI engine and talent. Veer Chand Bothra, chief entrepreneur and evangelist, Netcore says the conversational AI market is in a “close to maturity” stage in India, and adoption by conventional sectors has “truly taken off ” in the past two years. “More acquisitions and tech partnerships will help this form of AI become mainstream in the next couple of years,” he said.
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Microsoft acquires Express Logic to push IoT dream
Publication- ET Tech
Edition- Online
Date- 19 April, 2019
Microsoft has acquired San Diego-based software company Express Logic, that makes software for Internet of Things (IoT) devices, to accelerate IoT development for billions of devices at scale. With this acquisition, Microsoft said it will get access to billions of new connected endpoints, grow the number of devices that can seamlessly connect to its Azure Cloud and enable new intelligent capabilities.
"I am incredibly excited to share we have acquired Express Logic, a leader in real time operating systems (RTOS) for IoT and edge devices powered by micro-controller units (MCUs)," said Sam George, Director, Azure IoT at Microsoft.
Manufacturers building products across categories -- from low capacity sensors like light bulbs and temperature gauges to air conditioners, medical devices, and network appliances -- leverage the size, safety and security benefits of Express Logic solutions to achieve faster time to market.
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PM Narendra Modi Promises to Introduce MSMEs with Blockchain in Next 5 Years
Publication- Crypto News
Edition- Online
Date- 19 April, 2019
Prime Minister Narendra Modi is one of those few world leaders who are known for a tryst with technology. No matter which technology it is, if it can help in improving any cumbersome procedures he embraces it without worrying too much about it. Blockchain is also one of those technologies. He has been speaking in the favor of blockchain tech since last 14 months at least. The first time when he spoke about blockchain was back in February last year, and since then he has spoken in favor of this emerging technology at least 5 times. And today when he was addressing the National Traders’ Convention he spoke about it for the sixth time.
That’s right. While addressing the convention as part of his hectic election schedule he said that in next five years his government will work on strengthening the MSME sector of India with help of various technologies. He said:
“In next 5 years we’ll introduce this sector with technologies like Artificial intelligence, Robotics, Internet of Things, Virtual Reality and Blockchain. We want to strengthen our traders by moving on the path of minimum government, maximum governance with help of technology.”
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Dealing with Natural Disasters through IoT and Big Data
Publication- CIOL
Edition- Online
Date- 19 April, 2019
For ages, India has been facing natural disaster crisis due to its inefficient infrastructure for disaster management. Be it the 2018 dust storms, 2016 Uttarakhand forest fires, Kerala floods, Kashmir quakes, all reflect our failure in coping up with the natural phenomenon. However, advances like big data, AI and IoT seem to reignite hope when it comes to saving lives or mitigating the loss of life.
What’s disaster management?
Disaster management or emergency management lifecycle is not an easy process. It is a long, step-by-step process, which comprises risk identification, disaster preparedness, emergency response, allocation of resources, reaction planning, and ultimately, disaster recovery. Thanks to IoT for showing us the way to face natural disasters at every stage with extra courage.
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EMURGO-developed Cardano Blockchain Technology Explorer Seiza To Be Released Before Last Week Of May
Publication- Owlt Market
Edition- Online
Date- 19 April, 2019
The EMURGO-developed Cardano blockchain technology explorer Seiza will be released with more features before the last week of May. An official commercial arm of the decentralized platform Cardano called EMURGO who has made the announcement of releasing Seiza at an event called IOHK Summit.
Seiza means “constellation” which is a Japanese word. It represents the Japanese heritage of EMURGO. Becoming an all-encompassing blockchain navigation guide is the main objective of Seiza. Transactions which are carried out over the Cardano blockchain can be tracked through Seiza.
The CEO at IOHK Charles Hoskinson, “I am excited to see that EMURGO has developed such a useful and innovative product for the Cardano community. The ability to have transparency is a vital function for the Cardano blockchain protocol and Seiza delivers this in an amazing way for users.”
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Binance launches own blockchain, may introduce decentralised exchange next week: Report
Publication- Money Control
Edition- Online
Date- 19 April, 2019
Binance, the world's largest crypto exchange, launched its own blockchain on April 18. It is called the Binance Chain mainnet and aimed at supporting decentralised exchanges (DEX). According to a CNN report, a decentralised exchange is also in the pipeline for its more than 10 million users. It may be launched sometime in the next week. With the Binance Chain, the exchange is hopeful of ushering a more efficient protocol for decentralised applications (Dapps) that require a higher transaction capacity.
"Binance Chain was created to support the issuance and exchange of digital assets. Any project can issue new tokens on Binance Chain, and existing tokens that don’t depend on smart contracts are welcome to migrate to Binance Chain, to natively exchange on Binance DEX and gain the benefits from this low latency and high throughput network," the Binance team told the new outlet.
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Blockchain startups? Here’s new $50 million fund launched, backed by HTC
Publication- The Financial Express
Edition- Online
Date- 21 April, 2019
As blockchain increasingly turns ubiquitous globally with businesses across sizes and governments adopts the technology for better transparency, security, speed at reduced costs in operations, venture capital investors also are jumping into the fray by making early bets on ideas that have the potential of scaling big.
The latest among them is Proof of Capital — a $50 million fund to back blockchain startups globally, HTC said in a statement. The fund is launched by the creator of HTC’s Vive VR headset Phil Chen, Edith Yeung who earlier headed early stage VC and accelerator 500 Startups $10 million fund, and Chris McCann who was head of community at the US-based VC firm Greylock Partners. The fund will back startups working in the areas of payments, remittances, custody, wallets, security, identity, etc, the company announced.
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Avalue Technology launches IoT based healthcare solutions
Publication- Bio Spectrum
Edition- Online
Date- 21 April, 2019
Avalue Technology Inc.a global embedded solution provider, associate member of Intel® Internet of Things Solutions Alliance, has recently launched the Avalue E Ink series healthcare solutions. As IoT starts to take root, related devices and products are sprouting up and flourishing everywhere. In all IoT application scenarios, two factors are critical, i.e. connectivity and power saving. The connectivity of smart terminals must be highly energy-efficient, and e-paper is certainly one of the most power-saving and convenient technology to adopt.
Interactive labels, paperless management time- and labor-saving
In terms of healthcare, Avalue's smart ward solution consists not only of the highly praised bedside terminal but also the wireless E Ink series healthcare solution, including E Ink series beside card, pick-to-light and E Ink note. Healthcare personnel can utilize backend system to communicate health information and update patients' hospitalization/ rehabilitative care information in real time.
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Blockchain to embrace the future of Homo-Robo Sapiens: Rajesh Dhuddu, Tech Mahindra
Publication- ET CIO
Edition- Online
Date- 22 April, 2019
Blockchain has a great potential to foster Peer to Peer collaboration by digitizing the trust which was hitherto provided by intermediaries. This Peer to Peer Collaboration will usher in several new business models and benefits such as greater asset utilization for e.g. cars leading to lower emissions and higher social good.
Last year Tech Mahindra signed an MoU with The Telangana State Information Technology, Electronics and Communication department (ITE&C) to launch India’s first Blockchain District, a Center of Excellence for Blockchain, in Telangana. An incubator for technology and process development with infrastructure and facilities to foster growth of Indian Blockchain start-ups and companies.
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