Zebi launches Zebi Chain™: A Blockchain based Big Data solution for Governments and Enterprises
Hyderabad, 9th January 2018: 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’ssolution aims to secure high value and sensitive data elements such as landregistry, employee and salary records, pension payments, education and otherqualification documents and certificates. It offers an array of products fordata security that eliminates all the ambiguity associated with faketransaction, fake documents as block chain based records are time stamped andany alteration made to it are also securely recorded. This data can be verifiedwithout any human intervention, therefore not leaving any scope formanipulation or copying of sensitive information by unscrupulous insiders orexternal hackers.
India’s bigdata generation is increasing exponentially and is expected to reach 3Zebibytes per year (1 Zebibyte = 10247 bytes, about onetrillion Gigabytes) by 2020, driven by continued growth of internet usage,social networks, proliferation of smart phones, as well as the digitalinitiatives and structural reforms undertaken by the Indian government. At thesame time, incidents of data crimes such as data hacks, data leaks, datatampering, identity thefts are on the rise, which are costing Indianorganizations and consumers more than $30 billion annually.
BabuMunagala, Founder, MD & CEO of Zebi said, “Zebi has created a Blockchain driven, first of akind and holistic solution to make high value or sensitive data readilyavailable for legitimate use, while protecting it against hacking or tampering,and taking individual consent wherever appropriate. It comprises of a satellitecomponent Zebi Chain™ to provide immutability to critical records, coupled witha central hub viz., Zebi Data Gateway which enables secure and instant dataexchange through Data as a Service (DaaS) API’s”
“We have ahealthy pipeline of prospects across India. All Zebi Chain™ installations willbe connected to Zebi Data Gateway to serve the data for authorized businesspurposes. As we rapidly scale and add more Zebi Chain™ customers, the valueproposition of Zebi Data Gateway will enhance exponentially”, added Babu.
Zebi’simmediate focus is on high value and sensitive data elements such as landrecords, employee and salary records, pension payments, education andhealthcare records, and other qualification documents and certificates. Thesystem, however, is generic to expand to broader customer transaction andinteraction data in the future. It can transform the way critical data isrecorded, stored and consumed in a vast array of industries such as Credit Scoring,Personalized Product Creation, Consumer Lending, Fraud Detection andeGovernance etc. added Kalyan Muppaneni, Founder & CEO – PiDatacenters, who is on the board of Zebi.
SudheerKuppam, 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 formsof sensitive data. Increased awareness of data thefts and emergence of new agetechnologies such as blockchain have created a large market for data protectionworldwide. India is yet to implement Data Sovereignty regulation with over abillion people with digital identity (Aadhaar), and over 400 million internetusers 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 choiceby APCRDA to safeguard their land assets.Honorable Chief Minister of AndhraPradesh, Shri N. Chandra Babu Naidu launched Amravati Blockchain AssetManagement System (powered by Zebi Chain™) as blockchain poweredtamperproof and immutable data security solution, for land records in aninaugural ceremony held at Amaravati in December.
Zebi’ssolution will eradicate problems of fake documents, fake transactions andresultant litigations. This would enable people interested in a specificproperty to see and verify the date of past transactions. As the fore-runner inthe adoption of this new system in the country, APCRDA is set to become one ofthe first few government authorities in the world who have embraced blockchaintechnology.
AboutZebi: Zebi DataIndia Pvt. Ltd. specializes in providing blockchain based Big Data solutions togovernments and enterprises to leverage and protect their high value andsensitive data. Our flagship products Zebi Chain™ and Zebi Data Gateway aredeveloped by Zebi’s architects from the ground up with Data Security andPrivacy Compliance built into the platform. Silicon Valley based veterans havetrained Zebi development teams. Across Zebi employees and inception team, thereare over 15 IIT graduates. Zebi is one of the few enterprise-grade productcompanies based in India offering best of the expertise of Silicon Valley atIndian prices.