Airtel acquires strategic stake in blockchain technology startup Aqilliz

Telecom main Bharti Airtel on Thursday introduced that it has acquired a strategic stake in Aqilliz, a ‘Blockchain as a Service Firm’.

Airtel goals to deploy Aqilliz’s blockchain applied sciences at scale throughout its quick rising adtech (Airtel Adverts), digital leisure (Wynk Music and Airtel Xstream) and digital market (Airtel Thanks App) choices.

“Bharti Airtel…has acquired a strategic stake in Aqilliz a Blockchain as a Service Firm below the Airtel Startup Accelerator Program, topic to relevant statutory approvals,” the corporate mentioned in an announcement.

It didn’t disclose monetary particulars of the deal.

Singapore-based Aqilliz has developed a patented hybrid blockchain platform, Atom, that integrates differential privateness and federated studying on a distributed digital ledger.

This permits manufacturers to create safe and consent-based options to have interaction with clients in a rapidly-evolving digital financial system that is changing into more and more decentralised, the assertion added.

(Solely the headline and film of this report could have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)

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