Business Wire India
Zebi Data India Pvt. Ltd. (Zebi) launched its flagship product Zebi Chain™, paving the way for an innovative Blockchain based security Solution for India’s Big Data.
Zebi’s solution aims to secure high value and sensitive data elements such as land registry, employee and salary records, pension payments, education and other qualification documents and certificates. It offers an array of products for data security that eliminates all the ambiguity associated with fake transaction, fake documents as blockchain based records are time stamped and any alteration made to it are also securely recorded. This data can be verified without any human intervention, therefore not leaving any scope for manipulation or copying of sensitive information by unscrupulous insiders or external hackers.
India’s big data generation is increasing exponentially and is expected to reach 3 Zebibytes per year (1 Zebibyte = 10247 bytes, about one trillion Gigabytes) by 2020, driven by continued growth of internet usage, social networks, proliferation of smart phones, as well as the digital initiatives and structural reforms undertaken by the Indian government. At the same time, incidents of data crimes such as data hacks, data leaks, data tampering, identity thefts are on the rise, which are costing Indian organizations and consumers more than $30 billion annually.
Babu Munagala, Founder, MD & CEO of Zebi said, “Zebi has created a Blockchain driven, first of a kind and holistic solution to make high value or sensitive data readily available for legitimate use, while protecting it against hacking or tampering, and taking individual consent wherever appropriate. It comprises of a satellite component Zebi Chain™ to provide immutability to critical records, coupled with a central hub viz., Zebi Data Gateway which enables secure and instant data exchange through Data as a Service (DaaS) API’s.”
“We have a healthy pipeline of prospects across India. All Zebi Chain™ installations will be connected to Zebi Data Gateway to serve the data for authorized business purposes. As we rapidly scale and add more Zebi Chain™ customers, the value proposition of Zebi Data Gateway will enhance exponentially”, added Babu.
Zebi’s immediate focus is on high value and sensitive data elements such as land records, employee and salary records, pension payments, education and healthcare records, and other qualification documents and certificates. The system, however, is generic to expand to broader customer transaction and interaction data in the future. It can transform the way critical data is recorded, stored and consumed in a vast array of industries such as Credit Scoring, Personalized Product Creation, Consumer Lending, Fraud Detection and eGovernance etc. added Kalyan Muppaneni, Founder & CEO – Pi Datacenters, who is on the board of Zebi.
Sudheer Kuppam, founder and managing partner of Epsilon Venture Partners, another Zebi board member, said, “Data is a nation’s treasure and regulations are rising globally as consumers, enterprises and governments are getting more conscious about securing all forms of sensitive data. Increased awareness of data thefts and emergence of new age technologies such as blockchain have created a large market for data protection worldwide. India is yet to implement Data Sovereignty regulation with over a billion people with digital identity (Aadhaar), and over 400 million internet users that is doubling in the next 3-4 years.”
Zebi Chain™ is being well received by the market. It was selected as the solution of choice by APCRDA to safeguard their land assets. Honorable Chief Minister of Andhra Pradesh, Shri N. Chandra Babu Naidu launched Amravati Blockchain Asset Management System (powered by Zebi Chain™) as blockchain powered tamperproof and immutable data security solution, for land records in an inaugural ceremony held at Amaravati in December.
Zebi’s solution will eradicate problems of fake documents, fake transactions and resultant litigations. This would enable people interested in a specific property to see and verify the date of past transactions. As the fore-runner in the adoption of this new system in the country, APCRDA is set to become one of the first few government authorities in the world who have embraced blockchain technology.
© Digital Conqueror 2021