Zebi Data India Pvt. Ltd. (Zebi) launched its leading product Zebi Chain, flagging the way for an innovative Blockchain based security Solution for India’s Big Data.
India’s big data generation is increasing exponentially and is expected to reach 3 Zebibytes per year. This is determined by the continued growth of internet usage, social networks, production of smartphones, as well as the digital initiatives and structural reforms undertaken by the Indian government. At the same time, incidents of data crimes such as data hacks, data leaks, data tampering, identity thefts are on the rise, which are costing Indian organizations and consumers more than $30 billion annually.
Zebi’s solution aims to safeguard high value and complex data elements such as land registry, employee and salary records, pension payments, education and other qualification documents and certificates. It offers a range of products for data security that eradicates all the uncertainty associated with the fake transaction, fake documents as blockchain based records are time stamped and any alteration made to it are also securely recorded. This data can be verified without any human interference, therefore not leaving any scope for mishandling or copying of sensitive information by corrupt insiders or external hackers.
Babu Munagala, Founder, MD & CEO of Zebi said, “Zebi has created a Blockchain driven, first of a kind and holistic solution to make high value or sensitive data readily available for legitimate use, while protecting it against hacking or tampering, and taking individual consent wherever appropriate. We have a healthy pipeline of prospects across India. All Zebi Chain installations will be connected to Zebi Data Gateway to serve the data for authorized business purposes. As we rapidly scale and add more Zebi Chain customers, the value plan of Zebi Data Gateway will enhance exponentially”, added Babu.
Zebi’s immediate focus is on high value and sensitive data elements such as land records, employee and salary records, pension payments, education and healthcare records, and other qualification documents and certificates. It can transform the way critical data is recorded, stored and consumed in a vast array of industries such as Credit Scoring, Personalized Product Creation, Consumer Lending, Fraud Detection and eGovernance etc.
Zebi Chain is being well received by the market. It was selected as the solution of choice by APCRDA to defend their land assets. Honorable Chief Minister of Andhra Pradesh, Shri N. Chandra BabuNaidu launched Amravati Blockchain Asset Management System (powered by Zebi Chain) as blockchain powered meddle proof and absolute data security solution, for land records in an inaugural ceremony held at Amaravati in December.
Zebi’s solution will eliminate problems of fake documents, fake transactions and resultant litigations. This would enable people interested in a specific property to see and verify the date of past transactions. As the fore-runner in the adoption of this new system in the country, APCRDA is set to become one of the first few government authorities in the world who has embraced blockchain technology.