Qila Unveils Blockchain-As-A-Service for Secure Enterprise Data Management

By siliconindia  |  Friday, 19 January 2024, 10:34 IST

Qila Unveils Blockchain-As-A-Service for Secure Enterprise Data Management
Founded by Sid Ugrankar and Vishal Malhotra, Qila has introduced an innovative Blockchain-As-A-Service (BaaS) platform, set to transform the daily operations of enterprises. The platform, incorporating distinctive offerings such as PrivaSea and GoTrust, is dedicated to ensuring secure storage of identity data using blockchain technology.
Sid Ugrankar, Qila's Co-Founder & CEO, emphasized the transformative influence of their solutions, stating, "Upon company registration, integration through the API allows the initiation of data transfer to the blockchain. Data is stored as a chain, a fundamental aspect of blockchain technology. Qila addresses the significant challenge of setting up and managing dedicated blockchain networks by offering blockchain as a service".
Qila's offerings enable the tokenization of real-world assets, establishing digital footprints for physical or virtual assets on a private, dedicated, and managed blockchain network. This ensures exclusive data ownership for the customer, fostering a secure and unalterable data environment. Enterprises across various sectors, including real estate, healthcare, government, supply chain, and BFSI, can seamlessly integrate Qila's solutions. Qila's managed service includes the Ark and Ark+ platforms, facilitating rapid adoption of blockchain technology and saving enterprises from the complexities and costs of establishing their platforms.
Vishal Malhotra, Qila's Co-Founder, highlighted the robust security features of blockchain, stating, "Blockchain is the most secure technology available to date, which is why it is used for Cryptocurrency as transactions remain secure and anonymous. Qila serves as a means for us to introduce Blockchain to the enterprise". In BFSI, enhanced collaboration and increased operational intelligence are anticipated benefits. The supply chain can achieve seamless inventory visibility, while the public sector can enhance tax compliance and reduce corruption through Qila's solutions. In healthcare, tracking fraudulent activities in pharmaceutical testing and distribution becomes feasible, and the real estate sector can directly engage with customers for tasks such as land registration and rationalization.

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