MAY 201842008 ­ the conception of Blockchain technology was formulated. However, 2016 converted one of the emerging technologies - Blockchain into a buzzword. A technology which was only an area of interest for virtual currency enthusiasts earlier, now has become a trending space for several large technology and financial corporates and more importantly start-ups. Following the emergence of bitcoin, Blockchain has proved its potential to transform multiple industries and make processes more democratic, secure, transparent, and efficient. While the legality and veracity of cryptocurrencies is being debated in India, technology companies have begun shifting focus to the utility of blockchain technology. A report by PwC states that 56 percent of Indian businesses are inclined to make blockchain a part of their core business, and three key areas that the technology will impact are payments and funds transfer infrastructure, digital identity management and post-trade settlements.Despite a negative outlook among regulators and venture capital funds, many start-ups are seen seizing the opportunity in the space. They have very well realized the full power of blockchain technology and are actively assisting industries benefit from enhanced security, safety, transparency and the removal of unnecessary intermediaries or inefficiencies.Our current edition features a list of "10 Best Startups in Blockchain Technology". The list features some of the diverse blockchain start-ups hat are all out to solve different issues in the world. Looks like the blockchain technology is on its course to become the new normal in the world of financial services!Nandini MukherjeeManaging EditorBlockchain Technology is Playing a Definitive Role in Enhancing Efficiency of Business ProcessesEDITOR'S NOTEsiliconindiasiliconindia Vol 3 · Issue 11 - 2 · May, 2018 Publisher Alok Chaturvedi Managing Editor Nandini Mukherjee Editorial Team Amit Raja Naik Lakshmi G Pooja Devi Chandrika P Patra Sales & Marketing Tapas Ranjan Mallick Garima Anand Editorial Queries editor@startupcity.com To subscribe Visit www.siliconindiamagazine.com/subscribe Cover price is ` 150 per issue.Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2018 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.sales@startupcity.comGroup Art Director Ashok KumarCirculation Manager Magendran PerumalVisualisers Vetrivel S Vimalraj MSr. Manager Sales & Marketing Amrit Singh SEPTEMBER 201647
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