EarthID Wins “Best Use of Blockchain in Financial Services” at Fourth Edition of India Fintech Awards 2019


EarthID, a decentralized identity management platform built on 3 rd  generation DLT Hedera Hashgraph, won the “Best Use of Blockchain in  Financial Services” at the India Fintech Forum.

The India Fintech Forum is a non-profit entity that provides fintech companies with a forum to collaborate and voice their opinion on fintech related policy issues. Through India Fintech Awards, India Fintech Forum intends to reward and acknowledge the best teams and their innovations. The fourth edition of India Fintech Awards was presented by National Payments Corporation of India(NPCI) and organised by India FinTech Forum in partnership with The Digital Fifth (Knowledge Partner) on 29th November at The Lalit , Mumbai. The event had more than 700 attendees from 20 plus countries.

The award is for recognizing an innovative Financial Institution in India which has utilized blockchain for solving complex business problems. Success was measured through a number of factors including customer impact, usage of disruptive technologies, impact on Indian Fintech Ecosystem, Scalability etc. Cateina Technologies, InStoreIn Technologies, Intain,MonetaGo India and Whrrl were nominated for the “Best use of Blockchain in Financial Services” category.

Shiv Aggarwal, founder of EarthID and Government Blockchain Association(GBA) Europe Lead said, “The success of a self-sovereign identity solution is driven by the platform it’s built upon. While choosing the underlying platform, we compared many options, and decided to build EarthID on Hedera.”

Sharat Chandra, Strategy Advisor to EarthID and President GBA India Chapter believes, “A completely scalable self-sovereign identity needs an open-source distributed network. With the emergence of platforms like Hashgraph, this is achievable. Using the existing Aadhar and India Stack platform, India can genuinely spur a self-sovereign identity revolution.”

EarthID uses blockchain to reduce the time, cost and duplicity associated with KYC & AML processes. It also removes the need for cumbersome and costly online  credentials and tokens through the use of self identity for seamless logins.


See more articles on many topics including but not only blockchain by Jillian for Irish Tech News here.

More information about Irish Tech News and the Business Showcase

FYI the ROI for you is => Irish Tech News now gets over 1.5 million monthly views, and up to 900k monthly unique visitors, from over 160 countries. We have over 860,000 relevant followers on Twitter on our various accounts & were recently described as Ireland’s leading online tech news site and Ireland’s answer to TechCrunch, so we can offer you a good audience!

Since introducing desktop notifications a short time ago, which notify readers directly in their browser of new articles being published, over 16000 people have now signed up to receive them ensuring they are instantly kept up to date on all our latest content. Desktop notifications offer a unique method of serving content directly to verified readers and bypass the issue of content getting lost in people’s crowded news feeds.

Drop us a line if you want to be featured, guest post, suggest a possible interview, or just let us know what you would like to see more of in our future articles. We’re always open to new and interesting suggestions for informative and different articles. Contact us, by email, twitter, facebook, email or whatever social media works for you and  we will share and promote your story too and reach our global audience in over 180 countries across  every continent.

If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at or on Twitter: @SimonCocking

Source link

قالب وردپرس

Related posts

Acer’s New Predator Triton 300 Is a Budget-Conscious Gaming Laptop


Famous for Looking Like Someone More Famous


TotalMount for Playstation 4 Slim (Mounts PS4 on Wall Near TV)