Hyderabad: The growth of Blockchain and Big Data can be gauged from the fact that big banks are using the former technology to secure their data. Although open software for Blockchain is available, a two-year-old startup – Zebi Data India – has launched its privately-held, secure and tamper-proof product called Zebi Chain. The Blockchain-based solution can be used by enterprises, government institutions and individuals alike.
Founded by more than a dozen IIT graduates and spending two years on research, the Vizag-based company is now going live with its products – Zebi Chain and Zebi Gateway. The company has already got on-board Andhra Pradesh Capital Region Development Authority (APCRDA) to safeguard their land records. The solution will eradicate fake documents, fake transactions and resultant litigations. Currently, the company is also in talks with six different clients ranging from enterprises to government to embed their software to protect and secure their data.
India’s big data generation is increasing exponentially and is expected to reach 3 Zebibytes per year (about one trillion Gigabytes) by 2020, driven by continued growth of internet usage, social networks, proliferation of smart phones as well as the digital initiatives and structural reforms. 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 organizations and consumers more than $30 billion annually.
Speaking about the plans ahead, Babu Munagala, founder, MD and CEO, Zebi said, “We are currently a 23-member team and by 2022 we plan to have 1,000 people on-board and are also looking to raise funds. We raised an angel fund of Rs 10 crore in 2015 and have been able to sustain till now.”
“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. The system, however, is generic to expand to broader customer transaction and interaction data in the future,” said Kalyan Muppaneni, founder and CEO, Pi Datacenters, who is on the board of Zebi.