Belgium-based SettleMint has announced the launch of its India operations at a ceremony hosted at the private residence of Ambassador of Belgium. To be headquartered out of New Delhi, SettleMint’s latest footprint in India is the fifth after Belgium, United Arab Emirates, Saudi Arabia, and Singapore.
Matthew Van Niekerk, CEO, SettleMint, said, “We are delighted to begin our journey in India, which is currently a hotbed of blockchain technology activity. Keeping in line with the incredible adoptation pace of blockchain technology world over, India as well stands to benefit from blockchain as a key technology to realise Honourable Prime Minister’s vision of becoming a $5 trillion economy. We have reached delivering a solution rather than hype in the blockchain lifecycle. SettleMint drastically reduces the complexity of blockchain technology, making it easy and fast for organisation to turn a business concept into a working blockchain application from 12-18 months to at most a few weeks.”
According to Blockchain Report 2019 by NASSCOM, the adoption of blockchain technology in India is experiencing rapid growth and investments in blockchain-based projects have touched over $20 billion across various industries. The report further states that many Indian state governments such as those of Telangana, Kerala, Karnataka, Andhra Pradesh, and Maharashtra are supporting blockchain startups and projects and organizing conferences and hackathons on the topic.
Shazad Fatmi, CEO, SettleMint India, said, “We are one of the simplest and fastest blockchain solution provider in the world. Our core technology accelerates the path to leveraging the benefits of blockchain technology: whether those enterprises are looking to improve efficiency, to extend their current products to a new client segment or to completely reinvent an existing business model. SettleMint encapsulates years of R&D on the technical, operational and organisational aspects of Blockchain technology &…