Big relief for crypto startups in India as, unhindered by any more restrictions, they look forward to making the most of this largely untapped space. On May 22 , RBI said that “as on date, no such prohibition exists”. With this confirmation, it is clear that crypto traders are now free to trade with banks in India.
So, now when the air is clear, we can see many updates from Indian based blockchain and Crypto related firms.
Matic Network and Infosys partner to provide a secure platform for Dapps
Infosys has been at the forefront of India’s tech scene and has proven to be a major player in India’s emergence as a global hub of software services talent.
On May 28th, a blockchain startup, Matic Network, joined hands with Indian technology giant Infosys as a Dapp partner validator. Moreover, the $40bn market cap multinational IT corporation will be running a validator node on the Matic mainnet.
Also, the main objective of the partnership is to provide the secure, high-performance infrastructure required for the global DApp ecosystem to reach mass adoption.
Infosys, as a Dapp partner validator, will be contributing vital infrastructure to validate transactions on Matic. This results in making the network more secure for the DApps currently waiting to onboard to mainnet. The backing of Matic by Infosys is evidence of the growing recognition by large enterprises in the blockchain revolution
Sandeep Nailwal, COO & Co-founder – Matic Network claimed that, We are extremely proud to welcome Infosys as a network validator. Infosys has been the pioneer of the Indian tech success story and has been an idol for millions of computer science professionals like me. Also, we couldn’t be more thrilled to be working with the iconic institution to make an impact in the new decentralized world order.
The main aim of the Matic network is to deliver cutting-edge Layer 2 solutions to enable large enterprises to build scalable business use-cases on blockchains. And to collaborate together to accelerate the global decentralized movement in general.
The platform also hinted that there is much more news to come on the enterprise collaboration front.
About Matic network
Matic Network is a Plasma Implementation to provide side-chain scalability solutions for public blockchains. overall, Matic Network strives to solve the scalability and usability issues while not compromising on decentralization and leveraging existing developer community and ecosystem.