Startup incubator T-Hub has announced its Blockchain Hyper Hub in collaboration with CASHe. The hub will look at co-creating industry grade blockchain-based solutions with startups from all over the globe.
Hyderabad-based T-Hub is a public/private partnership between the government of Telangana, three of India’s premier academic institutes (IIIT-H, ISB and NALSAR) and key private sector leaders. It aims to forge many such partnerships with governments and corporates across the world to setup T-Bridge centers, strengthening trade relations and attracting investment into the state of Telangana. T-Hub has over 2000 startups in its database clustered into various stages of growth across sectors of specialization – a model of community development that is unique to Hyderabad.
Through the Blockchain Hyper Hub, T-Hub looks to create a platform to educate and engage the relevant stakeholders of the ecosystem which involves entrepreneurs, corporates, government, regulators, and investors.
Speaking on the development, Jay Krishnan, CEO of T-Hub said “Blockchain technology will lead to disruption across many industries including banking, entertainment, e-governance, and land records making the processes more transparent and streamlined. Firms which incorporate blockchain will move away from the traditional
hub and spoke model with no central authority governing them. With the launch of blockchain Hyper Hub at T-Hub, we intend to create the right ecosystem to explore this nascent emerging technology.”
Founded in 2016 by Raman Rao, CASHe is an App-only platform that provides loans on demand. Its target audience is young working professionals in the age group of 23-35 years. It claims that the average time taken for a loan to be disbursed is about eight minutes, subject to proper submission of all documents. It offers loans between INR 10,000 to INR 2,00,000 payable over 30-180 days.
Speaking on the occasion, V. Raman Kumar, Chairman of CASHe said, “We are pleased to partner with T-hub for launching the Blockchain Hyper Hub which will focus on new technology innovations within the FinTech ecosystem. India has a thriving fintech ecosystem and has the potential to catch up with its global counterparts. Blockchain, together with artificial intelligence and machine learning, are most likely to deliver disruptive outcomes and reshape the financial industry in 2018 and beyond. The purpose to launch this with T-Hub is part of our joint effort to engage
with key stakeholders – government, regulators, corporates, entrepreneurs, and investors to discover new innovations and applications in this space.”