SettleMint announces its India operations

SettleMint has announced the launch of its India operations at a ceremony hosted at the private residence of Ambassador of Belgium on Tuesday evening. To be headquartered out of New Delhi, SettleMint’s latest footprint in India is the fifth after Belgium, United Arab Emirates, Saudi Arabia, and Singapore.

Matthew Van Niekerk, CEO, SettleMint, says, “We are delighted to begin our journey in India, which is currently a hotbed of blockchain technology activity. Keeping in line with the incredible adaptation pace of blockchain technology world over, India as well stands to benefit from blockchain as a key technology to realize Honourable Prime Minister’s vision of becoming a $5 trillion economy. We have reached delivering a solution rather than hype in the blockchain lifecycle. SettleMint drastically reduces the complexity of blockchain technology, making it easy and fast for organization to turn a business concept into a working blockchain application from 12-18 months to at most a few weeks.”

SettleMint has undertaken the development of 35+ fully functioning Blockchain applications and researched more than 500 known use cases. The patented technology ‘Mint’ covers 85% of the use cases for Blockchain technologies and radically reduces the time to market for users. Using Mint, integrating blockchain technologies into an application can take as little as 3 hours. This product addresses the single biggest inhibitor to adoption, which is a developer capability.

Shazad Fatmi, CEO, SettleMint India, says, “We are one of the simplest and fastest blockchain solution providers in the world. Our core technology accelerates the path to leveraging the benefits of blockchain technology: whether those enterprises are looking to improve efficiency, to extend their current products to a new client segment or to completely reinvent an existing business model. SettleMint encapsulates years of R&D on the technical, operational & organisational aspects of Blockchain technology & packages this in fully documented APIs, micro-services, browser components and templates that strips away complexity, providing developers with the building blocks required to build full stack applications.”

Carrefour Belgium, Islamic Development Bank, 2019 Indonesia Elections are some of the marquee clients under their belt.

For government entities, currently, 40+ Blockchain initiatives are being executed by the public sector in India, with 92% in pilot/POC phase and 8% projects in the production phase. Most applied use cases are land registry, securing digital certificates on blockchain and governance.