Indian IT Company to Cooperate With Canadian Blockchain Institute

IT industry trade company NASSCOM has partnered Canadian Blockchain Research Institute to speed up the adoption of blockchain technology in India
27 February 2018   529

India’s National Association of Software and Services Companies (NASSCOM) is cooperating with Canadian government-backed Blockchain Research Institute (BRI) in order to educate Indian government organizations on blockchain technology. This is a part of a  Memorandum of Understanding (MoU) signed between this partners.

They will invest in fosters skillsets among developers domestically to further blockchain adoption and deployment in India. More than that, this cooperation will see case studies, joint webinars and other research sharing activities facilitated by the BRI.

There will be the 2-phase roadmap:

  • Phase 1 will introduce the Blockchain in India;

  • Phase 2 will involve the installation of a research institute to develop blockchain solutions in the country.

We need to understand it’s not a plug and play we can do tomorrow but there is huge potential in developing this world-class sustainable blockchain ecosystem in India, a move geared to enhance the industry body’s vision for a “digital economy.

Raman Roy

NASSCOM chairman

According to BRI co-founder Tapscott, they believe that India has the potential to lead the Blockchain revolution.

Cryptopia to Resume Trading Temporary

Trading lasted few hours and has been stopped, and the company itself has not made any announcements on this matter
18 March 2019   7

Hacked cryptocurrency exchange Cryptopia temporarily resumed trading on this Monday, according to information from the order book on its website. To date, trading has been stopped, and the company itself has not made any announcements on this matter. The total volume of transactions on the exchange, which ceased trading services about two months ago, in the last 24 hours amounted to a little more than 10 BTC.

In a message not related to today's test launch of trades, the exchange announced that it would send letters to all clients affected by the hacker attack. A copy of the letter is available on the Cryptopia website. In it, the exchange describes the circumstances of the hacking and its further actions.

The company also confirmed that it will pay damages to affected users. Customers who kept cryptocurrency stolen from the exchange will see in their accounts withdrawal records without transaction identifiers, reflecting the extent of the damage. They will get Cryptopia Loss Marker (CLM), which are records in the database of payments due to them.

According to the announcement, the company expects to proceed with the payment of compensation and resume trading until the end of the month after the completion of the necessary legal procedures.