Smart City Updates
Blockchain based R&D centre for smart cities in Bangalore
eMudhra, a market leader in the secure digital identity and transaction management space is coming up with a R&D center in Blockchain related technologies to develop Blockchain based smart governance solutions for smart cities. The firm also aims to provide helpful solutions for various industries which require identity verification and authentication during smart cities related transactions. V. Srinivasan, chairman, eMudhra, said, “The key features of our blockchain platform is the ability to identify and digitally sign transactions on a Blockchain using e-KYC and eSign.” Through this niche technology smart contracts could be developed that can quickly verify identities, check credit worthiness, sign contracts and disburse money while utilising existing payments system. This will ensure enhanced security, reduced costs and time for all involved parties. eMudhra will offer its Blockchain platform as a service - similar to eSign, where implementation cost will be significantly reduced. Thus digitization of records through blockchain will ensure administrative efficiency and superior urban planning.
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