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Auxledger emerges as India's largest blockchain network; backs Cashaa for all India operations

ANI  |  New Delhi [India] 

Global leader in blockchain enterprise solutions, Auxesis Group, on Monday announced its enterprise-grade blockchain infrastructure. The company has also partnered with Cashaa to support all operations.

Backed by various state governments of India, Auxledger enables organisations to quickly deploy a blockchain network and build their logic on top of it. The partnership with Cashaa offers an attractive boost in network effect and value for both platforms.

Auxledger aims to revolutionise a series of public and private sector use cases in India, including identity management, remittance, asset management, supply chain, wearables in Defence, healthtech, education and

"We are excited to support Cashaa, a proven blockchain use case and technology in by providing Auxledger infrastructure. Together with the state of India, Auxledger's first implementation holds more than 53 million Indians till date," said CEO, Auxesis Group, Akash Gaurav.

"Auxledger's live use cases in the blockchain sphere are already impacting millions of lives. For Cashaa, Auxledger is the ideal technology for identity management, compliance and banking integration as it is meeting the specifications of BFSI and governments," said co-founder, Cashaa, Janina Lowisz.

"Our revolutionary technology empowers millions of Indians living abroad who send back home more than 80 billion USD every year. Our technology will also connect the western population to the advantages of the world's fastest growing economy with 1.3 billion people," concluded Lowisz.

Cashaa is currently holding a token sale in order to scale out its platform in order to reach those unable to access existing banking services and to offer a wider range of financial products to its existing customers across the globe.

In addition to the partnership with Auxledger, Cashaa has announced a separate partnership with CoMakery, a US tech innovation whose main project, CoMakery, includes a suite of tools for finding contributors, awarding token bounties and tracking contributions.

Cashaa will use CoMakery to reward developers, entrepreneurs, strategists and community members who want to leverage the Cashaa network, with five percent of Cashaa tokens allocated to a dedicated community development and entrepreneur initiatives fund.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 13 2017. 21:42 IST
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