Airtel acquires strategic stake in Aqilliz

Airtel on Thursday announced that it has acquired a strategic stake in Aqilliz a Blockchain as a Service (BaaS) Company under the Airtel Startup Accelerator Program, subject to applicable statutory approvals.

Singapore-based Aqilliz has fostered a protected hybrid blockchain platform, Atom that coordinates differential security and united learning on an appropriated digital ledger. This permits brands to make secure and agree based solutions for draw in with clients in a quickly developing digital economy that is turning out to be progressively decentralized.

Airtel expects to deploy Aqilliz’s high level blockchain technologies at scale across its quickly developing adtech (Airtel Ads), digital entertainment (Wynk Music and Airtel Xstream) and digital marketplace (Airtel Thanks App) contributions.

Adarsh Nair, CEO – Airtel Digital, said: “We, at Airtel, are deeply researching new technologies that drive the eventual fate of a carefully associated India. This steady spotlight on development is likewise enabling us to open new development motors inside Airtel. Blockchain technology is developing and we see its application across areas like Adtech, Creator Economy, and Loyalty Programs.”

Airtel Startup Accelerator Program puts resources into early stage start-ups working on technologies that have adjacencies to Airtel’s business offerings.