Business

Suncom Infotech CEO builds blockchain powered platform to fight poverty

New Delhi : Suncom Infotech Pvt Ltd, an Indian ITES provider to Government PSU's and some of the Fortune 500 companies, has developed a platform that will allow people to send money through blockchain powered transactions.
Most of the hype around Blockchain focuses on the rising and falling valuations of the crypto markets. The hype is unsurprising because the technology underpinning crypto token and blockchain technologies is a paradigm shift in how we transact with each other over the internet and who we no longer need to trust.
Suncom Infotech CEO, Ronish Baxter believes that all this is made possible by bringing together decades of research into cryptography, game theory, distributed computing systems to mention a few of the key building blocks.
Apart from that, Ronish Baxter said that Suncom Infotech has developed and is launching the blockchain technology platform, keeping in mind that an economic identity is essential to break loose from this poverty cycle. In the coming months, the company is going to introduce a feature in the innovative application that his company is building which would help build a vetted, recognizable identity that would be a prerequisite to participate in any form of transactions or ownerships in the global economy.
The secure and established nature of the blockchain will provide a means to share sensitive data without the need to bother about the information getting altered along the way or getting lost.

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