• Tezos India and Graviton have partnered to promote blockchain adoption in India.
• Graviton will provide active support to cohort groups in various areas and introduce them to the Tezos blockchain ecosystem.
• This partnership has the potential to boost the development of decentralized applications (dApps) on the Tezos blockchain.
Tezos India and Graviton, a web3 accelerator program for early-stage founders in the web3 space, have announced a partnership to advance the acceptance of blockchain technology in India. Through this partnership, Graviton is providing active support to cohort groups in various areas and introducing them to the Tezos blockchain ecosystem.
The partnership may have a major impact on the development of decentralized applications (dApps) on the Tezos blockchain. A dApp is a type of software that runs on a blockchain network. Unlike traditional apps that run on a centralized server, dApps leverage the distributed nature of blockchain technology so that they can run on a network of computers. This ensures that they are more secure, transparent, and resistant to censorship, as there is no single point of failure.
DApps are particularly useful for developing nations like India, where many people are unbanked or underbanked. Decentralized finance (DeFi) is a rapidly growing industry that leverages blockchain technology to provide financial services without the need for traditional intermediaries like banks or insurance companies. This makes DeFi an attractive solution for those who are unable or unwilling to use the traditional banking system.
The partnership between Tezos India and Graviton is expected to help the development of dApps on the Tezos blockchain, as well as to promote blockchain in India. Amanjot Malhotra, head of growth Tezos India, expressed his enthusiasm for the project: “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.”
Overall, the partnership between Tezos India and Graviton is an important step in the development of blockchain in India. This collaboration is likely to have a major impact on the development of dApps on the Tezos blockchain and promote the use of blockchain in the country.