Overview
We indend to develop a for profit Blockchain Technology Network community, where developers benefit incrementally for their open source contribution, sponsored by the for profit companies.
We have pivoted twice to achieve this, our second pivot is SprintUp Summer 2018
Community
IndiBloc Developers' Community
We are primarily a developer focused community, supported by our partners. We develop mostly open source projects with business friendly licenses, like Apache 2.0.
If you are a developer you can join our github org, follow us or create pull requests
at Github.
If you are an idea stage startup
In case, you have a startup idea; or even thinking of starting up but do not have yet crystalized an idea?
you can join us to brainstorm the idea. We follow the best practises like :
As the idea & pre-idea stage startups do not have a seed capital or even maynot have a company.
They may not be even sure if they want to go with the idea?
- account_balance Stanford Lean Startup & Design Thinking Model
- dashboard Business Model Canvas
- mood Customer Experience (CX) Design
Therefore, to mitigate the funding risks, we have an innovative model,
where we give you the technology as well as fund the IPR (Intellectual Property Development)
You can learn about our
Innovation Monetization model here....
For an established business
If you are a running business, looking to extend your business model by leveraging Blockchain Technology, or, just want to run a pilot or a PoC (Proof of Concept), to test if Blockchain can create a competetive advantage? Then we have a network of technology companies, consultants, freelancers and a developer network to help you deliver your use-case on Blockchain.You can learn about our SprintUp model here....
Technology
We have capablities around various open source projects like among others.Compliance with the Indian Laws
Like all democratic countries Indian laws are complex and multiple agencies are there with various jurisdctions which a blockchain network needs to comply with.Prmoninent among them are:
- RBI Act: bars cryptocurrency minting
- SEBI Act: bars ICO (Initial Coin Offering) & creation of cryptocurrency exchanges.
- Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT) rules.
- Foreign Exchange Management Act
We spent more than 9 months, researching, consulting with legal experts and Charted Accountants to help us navigate the Legal Maze.
we can now confidently summarize our findings in one sentence:
Blockchain is yet another Information Technology. You must comply with the laws of the land.Designing & Implementing a Compliant Blockchain Network
A Blockchain Network that can comply with the Indian regulation, can not have a native cryptocurrency, neither can it be used to issue ICO.
It also needs to be permissioned network for KYC (Know Your Customers),AML and CFTWe have blogged about some of our experiences with complainces and architecture here.