<Hello World> Introducing Eleven01
Building the world’s largest blockchain ecosystem, around India’s only blockchain protocol
Blockchain and its applications have caught the imagination of the world. Every country has taken a step towards employing blockchain in their chain of command to help improve different segments of governance and citizen-facing applications.
Most progressive countries have already developed major path-changing blockchain-based projects and are stamping their authority in the space as a blockchain powerhouse.
But emerging markets such as India are yet to contribute to this movement.
Eleven01 is going to change this status-quo.
Eleven01 is India’s first ever home grown blockchain protocol and is designed with speed, security and scale in mind. It is a public and permissioned blockchain which aims at providing a foundation that can be used to build tailored applications, for both private and public use cases.
Why Eleven01?
Blockchain is still seen by many through a myopic lens of cryptocurrency and bitcoin. Blockchain as a technology has the potential to revolutionise major sectors from medicine to finance to agriculture to supply chain. According to a PwC survey, 56% of Indian companies have admitted to blockchain being a critical part of their core strategy.
With the Eleven01 protocol, the country will have a native platform which will allow blockchain developers to create, publish, and extend the core blockchain services to the 2nd largest internet population of the world. As a natural extension, developers from other emerging market will have a blockchain protocol tailor made for their country’s needs and requirements.
Emerging markets have problems that are specific to their region. The sheer volume and scale that exist in emerging countries, is something that current blockchain technology simply cannot match. For this reason, Eleven01 has been built with emerging markets in mind and India as the priority market..
Eleven01 is a highly scalable blockchain protocol which has been developed with real world use-case in mind. This protocol is secure-by-default and focuses crucially on privacy.
At its core, Eleven01 is working to create a blockchain protocol that can be used by applications demanding inherent privacy, scalability, and high transaction speed. The use of oracles in technology enables existing large scale centralised application, with external interactions to integrate easily with the Eleven01 platform.
Furthermore, Eleven01 is more than just a protocol. We are building an entire blockchain ecosystem to usher a blockchain revolution in India, thereby setting an example to other high potential emerging markets. We articulated this in detail at the recently concluded International Blockchain Congress -
A Multi Billion Dollar Partner
In our journey towards making India the blockchain capital of the world, we have exclusively partnered with Tech Mahindra — the global multi-billion dollar digital transformation enabler — to co-develop the next-generation blockchain technology and taking it to their global partners and customers globally. . The company employs over 110,000 engineers and is valued at over 10 billion USD.
Tech Mahindra, will help with with its vast reach of marquee global customers to build custom solutions based on the Eleven01 core protocol and also help bring its technology depth and might to co-build the protocol. . Together, we will develop the next generation blockchain protocol which will push the innovation in this space and lay the foundation for a new wave of decentralised applications.
Check out Tech Mahindra’s CEO, Mr. C.P. Gurnani talk about this partnership at the press conference during the recently concluded International Blockchain Congress —
Bringing blockchain to India
India’s engineering talent is ranked as one of the best in the world. We have over a million engineering students graduate every year from top Indian technology institutes. Several Indian engineering leaders are at the helm of the world’s biggest technology companies, leading the future growth of their respective companies.
The Indian government has often talked about the blockchain technology, including the Prime Minister himself displaying support for this and other emerging technology. This is an opportune time for the country to look at blockchain aggressively, given the stable and progressive government at the centre, and benefit from everything it has to offer. The basic ingredients of making India a blockchain powerhouse already exist and it’s a matter of bringing it all together in a cohesive and structured manner.
To leverage this conducive environment, Eleven01 has already signed MoU’s with over 50 colleges in India. We have also inkedpartnerships with 12 innovative startups that have committed to using the Eleven01 protocol.
We, at Eleven01, want to lead the Indian market and usher in a new era of transparency and efficiency. This a huge challenge and a great opportunity for Eleven01. . But the journey is not going to be easy. We will need all the help we can get from industry, regulators and especially the community.
Join us on our journey to take blockchain to the next billion users.
Visit Eleven01 — https://www.eleven01.io/
