Blockchain Solutions built on the Power of We
Winner - London Blockchain Week 2017 Hackathon
First Indian Startup to join the Enterprise Ethereum Alliance
At Somish, we established a Blockchain Centre of Excellence in 2016. Our team has continuously focused on using blockchain to tackle key challenges of industries like BFSI, Agriculture, Aviation and Governments. Our key projects have been highlighted here.
P2P Insurance Mutual
Bringing back insurance in a very cost efficient way by allowing individuals to form groups that can share risk at affordable costs.
Single Version of Truth for OEM, MRO, Aircraft, Airline & Aviation Authorities efficiently reducing operating costs & layover times.
Public Distribution System with assured and accurate end utilization enabling transparency, Traceability & Standardization.
Crisis Fund Distribution
A global common ledger for raising, allocating & distributing aid, donations and grants during times of crisis.
P2P Energy Trading
Blockchain platform for P2P energy trading with turing complete solar panel meters and bidding system.
A DLT solution for Banks, Manufacturers and their Vendors to majorly reduce processing timeframes.
Immutable Audit Trail
A DLT solution for moving ahead of RDMBS implementations to store Audit Trail data on an immutable, trusted ledger.
Tokenized Fund Transfer
Domestic Fund Transfer on Blockchain for emerging markets to tackle Financial Inclusion without last-mile bank branches.
A DLT solution for bank reconciliation eliminating an age-long problem of different statement formats of different banks.
BLOCKCHAIN SOLUTION DEVELOPMENT PROCESS
We believe that Blockchain solutions are built on the ‘power of we’ - substantially different from the way other conventional technologies work. Our basic thumb rule is to identify a ‘shift of trust’ and a reduced ’counterparty risk’ before getting onto an implementation.
Using this thumb rule, along with our experience of deploying cross-industry Blockchain solutions, we created a development process
for all our assignments.