Nine India-Based Companies Presented At This Year's Decipher Conference, Held By Algorand In the Ultimate Crypto Hub Of DubaiEach participating company is actively building Web3 products that leverage Algorand technology, including an NFT marketplace, a DeFi protocol, an AI software company, among others

Nine India-based companies who are utilizing theAlogrand区块链来支持他们的Web3产品前sent and featured at Algorand FoundationsDecipherconference, held at Madinat Jumeirah, Dubai, on 28-30 November 2022.

Led byAlgoBharat, the mission of the project is to cultivate a strong regional representation across India, promoting community building and educational efforts. As mentioned in the Decipher event, this initiative is leading a number of strategies including the likes of developer hackathons, sessions held at technical universities and more. Leading this blueprint looks to increase the knowledge and adoption of Algorand and the broader blockchain industry across developers and startups in India.

Featured companies from the AlgoBharat ecosystem, which were present at Decipher 2022 include Contrato, Dapps.cp, Dygnify, EKO India Financial Services, Fragments, Kalga Labs, InFiction, NFTVerse, Nowigence, and Wize.

Contrato,世界上第一个KYC-embedded收缩处理ion powered by blockchain smart contract, aims to provide Small and Medium businesses and start-ups with the next generation of business transactions through its decentralized finance model.Dapps.co正在加速分散应用t的未来hrough its App Store style platform, however with additional layers of notifications, commerce (featuring paid apps and in-app purchases), ratings and DIDs - all while ensuring a seamless Web3 experience.Dignify, a DeFi protocol that delivers digital asset liquidity to Small Medium Business focused credit Fintechs, looks at enabling global digital asset investors to discover and invest in debt capital amidst emerging high-growth emerging markets.EKO India Financial Services, an already-established Indian Fintech company enables digital products brands to easily tap and collect digital payments from clients through their unique platform, featuring deeply embedded -in-the-community micro-entrepreneurs. The past 15 years have seen Eko service over 50 million customers through their network of over 300,000 micro-entrepreneurs. Through leveraging the advantages of blockchain, Eko is looking to democratize access to services for clients with a distributed identity solution.

Fragmentspresents a platform which allows users to create on-chain vaults in order to set up funds, define their goals, governance and raise capital from retail investors, while investing together based on the decided governance framework. The collective investment framework of Fragments offers a DeFi product with multichain fundraising, a total of four forms of governance and a trading history of user profiles.The Kalga Labsplatform gives way to more efficient collaborations between content makers and creators, with their first product, InFiction, showcasing a notable solution for TV and film writers, allowing them to demonstrate their work through a decentralized database. White-label SAAS-based platformNFTverse, is looking to bridge the gap between Web2 and Web3 as we know it. NFTVerse enables enterprises, brands, influencers, celebrities and creators to launch their own fully customizable Web3 apps with the inclusion of NFT stores, marketplaces, crypto wallets and crypto tokens, all while integrating with their current Web2 apps and website.

Nowigenceis a knowledge management company that uses its Web2-based Pluaris™ technology to help enterprise employees augment knowledge with information and training materials from multiple data sources. Nowigence is now transitioning to an Algorand-based blockchain solution to verify and recognize skill acquisition through decentralized proof of knowledge and proof of experience, which includes social learning, community driven peer-to-peer learning, personalized learning, gamification and reward system, and hybrid learning models utilizing events. The ultimate one-stop NFT infrastructure and API toolkit was presented in the form ofWize, aiming at delivering personalized and secure digital experiences for businesses, DAOs and developers offering POAP (Proof of Attendance Protocol) NFTs, Identity NFTs, Certificate NFTs, Event Ticketing and more. Wize enables NFT Tokenization as a Service for B2B applications and solves the Web 3.0 adoption challenges across various industry verticals with its powerful dashboard, no-code application, SDKs and APIs.

"We're thrilled to have such strong representation from India at this year's Decipher event. Each of these companies recognizes the significant advantages of the Algorand blockchain and they are just a sampling of the use cases we expect to drive the organic diffusion of Algorand in our region. India has the best developers in the world, poised to harness the power of blockchain to tackle some of the most challenging problems we face. These companies featured at Decipher are just a few of the many leading the way into Web 3.0 on Algorand!" said Anil Kakani, Head of AlgoBharat.

The following presentations are now available on the Algorand Foundation YouTube channel for anyone who missed out on the event:

●EKO cofounder Abhinav Sinhaappeared alongside leaders from VISA CEMEA, FlexFinTx, and AgroToken, on the topic of "Financial Inclusion at Scale: A World Tour"

● Founders and executives atContrato,Dapps,Dygnify,Fragments,Wize,Kalga Labs,NFTVerse,andNowigencepresented during the Decipher pitch competitions

●Nowigence Acting CEO Krishna Tammireddyparticipated in "Delivering Web2 to Web3 (and Beyond)," alongside leaders from Napster, TravelX, and the Global Crypto Council

Kalga Labs founder Abhisar SrivastavaandNFTVerse founder Neel Kamalspokeon "India's Creator Economy is Booming! How Web3 is Accelerating It."

ABOUT ALGORAND FOUNDATION

The Algorand blockchain — designed by MIT professor and Turing Award winning cryptographer Silvio Micali — is capable of delivering on the promise of a borderless global economy. It achieves transaction throughputs at the speed of traditional finance, with immediate finality and near zero transaction costs, and without a second of downtime since it went live in June 2019.Its carbon-neutral platform and unique pure proof-of-stake consensus mechanism solves for the "blockchain trilemma" by achieving both security and scalability on a decentralized protocol.

TheAlgorand Foundationis dedicated to helping fulfill the global promise of the Algorand blockchain by taking responsibility for its sound monetary supply economics, decentralized governance, and healthy and prosperous open-source ecosystem.

Note: Investment in cryptocurrency and crypto assets is subject to financial risk and readers should do their own due diligence. Entrepreneur Media does not endorse any such investment.