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India’s first blockchain network has gone live. After years of announcements and pilot projects, the country has finally implemented a solution for blockchain operations.  The blockchain-based network is developed by three platforms that offer trade Trade Receivables Discounting Systems (TReDS) - Receivables Exchange of India, A.TReDS, and M1xchange. These platforms are using blockchain in enterprise financial segment. Receivable financing is considered as the most efficient trade finance mechanisms for small businesses. Blockchain can help in this sector to provide a common platform that is not controlled by any financial institution. The security and confidentiality promise to reduce frauds around receivable financing. The blockchain network is built on Hyperledger Fabric that does not rely on cryptocurrency to operate. Kalyan Basu, CEO of TReDS said, “Our clients are particularly sensitive about their sourcing inputs, and we absolutely could not broadcast any o...

Increasing fear of cyber attacks has created new market opportunity in cybersecurity sector. The demand for cybersecurity professionals has gone up by 3x in the last one year. The industry has over 15,000 open positions related to cybersecurity. India’s cybersecurity measures are fairly poor as compared to some of the developed nations. The country needs to put in extra efforts to fight against cyber attacks. The adoption of internet and smartphones will further boost the demand in cybersecurity domain. A report by Belong research suggests a great spike in cybersecurity jobs this year. An outbound recruitment solution, Belong has published a report based on job postings by companies that recruit cyber professionals on multiple platforms. The report states, “As companies seek to bolster their defense against data security breaches, the demand for cybersecurity experts in India has outstripped supply of these professionals by three times over the past 12 months.” The de...