Auxledger, an enterprise-grade blockchain infrastructure that currently powers over a dozen applications across different state governments of India announced it will partner with Cashaa, a money transfer services between fiat and cryptocurrencies to support its India operations. Auxledger enables organizations to quickly deploy a blockchain network and build their business logic on top of it. It aims to revolutionize a series of public and private sector use cases in India, including Identity Management, Remittance, Asset Management, Supply Chain, Wearables in Defence, HealthTech, Education, and Finance.
Aside from its live applications, a number of proof-of-concept programmes have been run over Auxledger by EY, VISA, IIT Bombay and PwC for a range of different use cases. As Auxledger has the support from the State Governments of India and an enormous reach and potential, partnering with Cashaa offers an attractive boost in network effect and value for both platforms.
Auxledger is one of the offerings of Auxesis Group, a global leader in blockchain enterprise solutions. Auxesis Group was founded at IIT (Indian Institute of Technology) Bombay, India`s leading University, with which Auxesis partnered since to open India`s first Blockchain Lab.
Akash Gaurav, CEO Auxesis Group said:
“We are excited to support Cashaa in India by providing AuxLedger infrastructure. Together with the state Govt of India AuxLedger first implementation holds more than 53 million Indians to date.”
Janina Lowisz, VP Marketing, Cashaa said:
“Auxledger’s live use cases include some of the largest in the blockchain sphere and are already impacting the lives of millions. For Cashaa, Auxledger is the ideal technology for identity management, compliance, and banking integration as it is meeting the specifications of BFSI and governments.”
In addition to the partnership with Auxledger, Cashaa has announced a separate partnership with CoMakery, a US tech innovation business whose main project, also named CoMakery, includes a suite of tools for finding contributors, awarding token bounties and tracking contributions. Cashaa will use CoMakery to reward developers, entrepreneurs, strategists and community members who want to leverage the Cashaa network.