Qila’s blockchain-as-a-service platform can change the way enterprises across sectors conduct their day-to-day activities using blockchain technology.
Mumbai, January 18, 2024: Qila, a brain-child of Sid Ugrankar and Vishal Malhotra, aims to provide secure datastorage to enterprises using blockchain technology. Qila’s unique solutions such as PrivaSea and GoTrust enable real world asset tokenisation to create digital footprints of aphysical or virtual asset on a private dedicated and managed blockchain network.
These solutions ensure that the ownership of the data remains solely with the customer, data is secure and cannot be modified. “Once a company signs up, they can integrate using the API and begin pushing data to the blockchain. The data is stored in the form of a chain which is the core feature of blockchain technology. By providing blockchain as a service, Qila solves the big challenge of setting up and managing dedicated blockchain networks,” said Sid Ugrankar, Co-Founder & CEO, Qila.
Enterprises across sectors like real estate, healthcare, government, supply chain and BFSI can easily and effectively integrate Qila’s solutions. This managed service offering saves enterprises the hassle and costs of setting up their own platform. Qila’s Ark and Ark+ distributions, allow customers to adopt blockchain technology within seconds. By using the Ark plus platform, customers can further enhance their security by moving from a shared, multi-tenanted setup to a dedicated network.
“Blockchain is the most secure technology available till date. Which is why it is used for Cryptocurrency as the transactions remain secure and anonymous. Blockchain networks are very difficult to hack as there is no way to know where the data is stored and what it looks like. Qila is a way for us to bring Blockchain to the enterprise,” said Vishal Malhotra, Co-Founder, Qila.
For the critical BFSI industry, customers can benefit by ease of collaboration and by increasing operational intelligence. A robust supply chain can be created using the blockchain technology to allow seamless inventory visibility and to track goods from shipping to delivery. The public sector can benefit by using Qila’s solution to improve tax compliance and reduce corruption. Qila can help healthcare services to track fraudulent activities in pharmaceutical testing and distribution and to help the real estate sector to engage directly with customers for product such as land registration and fractionalisation.
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