Management company Lumis Labs in collaboration with Microsoft India and Tezos India has announced the ‘Century Program’ – an enterprise blockchain startup program to “evangelize, curate and unearth” 100 enterprise-ready blockchain solutions.
According to Lumos Labs, the goal of the Century Program initiative is to first find 100 Indian start-ups with ready to go blockchain projects / solutions – and then assist them in rolling out by partnering with Microsoft, Tezos, Skoda and Tech Mahindra to ease the path to market. The program is specifically looking for blockchain solutions for the following sectors;
- Media and Entertainment
- Oil and Natural Gas
- Trade Finance
- Public Sector
Tezos’s involvement will be in assisting solution providers to build their projects on the Tezos blockchain, while Microsoft will accelerate the journey through mentorship, streamlined go-to-market (GTM) activities and access to its technology resources.
According to the Nasscom Avasant India Blockchain Report 2019, the increased security, interoperability and scalability of blockchain 3.0 will lead to greater enterprise adoption of blockchain technology, but there is still a compatibility gap between the startups with the expertise and innovative ideas – and the enterprises across all major sectors requiring the solutions.
Over the course of the next 18 months the aim of the Century Program is to address this gap by clearly defining the problem statements in each of the seven sectors above, then identifying solutions for these problem statements and connecting the organisations to relevant start-ups with an enterprise ready use case solution. The use cases will be built out into independently evaluated enterprise-grade proof-of-concepts which will be assisted to market by the major sponsors.
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