• Tezos India has partnered with Graviton to promote blockchain technology in India.
• The partnership will give access to the Tezos blockchain ecosystem and support the development of dApps.
• This is particularly beneficial for developing countries like India, where DeFi can provide financial services without the need for traditional intermediaries.
Tezos India, a leading blockchain adoption entity in India, has recently announced a partnership with Graviton, an India-focused web3 accelerator program, to further propel the acceptance of blockchain technology in the country. This partnership will give access to the Tezos blockchain ecosystem and provide active support to cohort groups in several areas.
The partnership is especially beneficial for developing countries like India, where the implementation of decentralized finance (DeFi) is gaining traction. DeFi is a form of financial services that is powered by blockchain technology and eliminates the need for traditional intermediaries like banks and financial institutions. This makes DeFi services more secure, transparent, and resistant to censorship, as there is no single point of failure.
Through this partnership, Graviton will help to expose users to the Tezos blockchain ecosystem and support the development of dApps, or decentralized applications. A dApp is a type of software that runs on a blockchain network and is secured by a distributed system of computers. This makes dApps more secure, transparent, and resistant to censorship since there is no single point of failure.
Amanjot Malhotra, head of growth at Tezos India, expressed his excitement about this upcoming partnership and the potential of Web-3 innovation in India. “We are extremely excited about the Web-3 innovation taking off in India, and we look forward to extending our support of the Indian crypto/Web-3 ecosystem. With the project with Graviton, we demonstrate our dedication to fostering this talent, and the Web-3 community in India is rapidly becoming a global force,” Malhotra said.
This partnership between Tezos India and Graviton will open up new opportunities for blockchain technology in India and further the acceptance of DeFi services. This will provide more secure, transparent, and censorship-resistant financial services to unbanked and underbanked people in India, thus providing them with access to financial services that were previously unavailable. Additionally, this partnership will create more exposure to the Tezos blockchain ecosystem, which will result in the development of more dApps and the growth of the Web-3 space in India.