Blockchain Impact Lab launched at Indian School of Business

By Srikanth
3 Min Read
Blockchain Impact Lab launched at Indian School of Business 1

DLabs Incubator Association (DLabs) at the Indian School of Business (ISB), in collaboration with S&P Global, launched a world-class Blockchain Impact Lab at ISB’s Hyderabad campus today. The two institutions have come together to address a strategic need of the hour: to support and nurture innovations in the Blockchain space. Equipped with best-in-class technology, the lab will serve as a hub for the creation and dissemination of knowledge on blockchain and its impact on society.

The Blockchain Lab was launched by Abhishek Tomar, Chief Data Officer, S&P Global Market Intelligence; Nilam Patel, Head of Site Operations, S&P Global, India, along with Professor Vijaya Marisetty, Lead, Blockchain Impact Lab, DLabs; Professor Bhagwan Chowdhry, Faculty Director, I-Venture @ ISB; and Saumya Kumar, Director, I-Venture @ ISB & CEO, DLabs.

“The Blockchain Impact Lab provides a learning and development environment for all stakeholders at ISB. Its purpose is to impart knowledge and create use cases that apply blockchain for enhancing societal impact,” said Professor Bhagwan Chowdhry.

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The state-of-the-art lab is equipped with an Ethereum Virtual Machine, Hyperledger Fabric, and Multi-chain environments. It currently has four nodes, sufficient for any kind of use case testing. Students can log into the machine from anywhere, allowing the technology to be used in a wide range of setups.

Nilam Patel, Managing Director- India Operations, S&P Global India, said, “Blockchain technology has been a game changer and a revolution. Our partnership with ISB is vital in creating a strong tech focused ecosystem that helps make a difference. With the Blockchain Impact Lab, we are providing a platform for students, faculty, start-ups and upcoming entrepreneurs to create a significant societal impact.”

The lab will function both as a physical and virtual set-up. The classroom environment will allow stakeholders to attend blockchain training sessions and use case demonstrations, while start-ups incubated at ISB can use the facility for developing Proofs-of-Concept. The remote setup will also allow larger groups of stakeholders from outside the ISB ecosystems to benefit from being trained through the lab. The Lab has already set a goal of supporting 500+ student innovators and start-ups in the first year alone.

The launch of the Blockchain Impact Lab marks a significant milestone in the development of the Web 3.0 ecosystem in India. The lab aims to emerge as the leading global think-tank on the Web 3.0 ecosystem and facilitate collaborations between corporates, governments, and researchers for the wider applicability of blockchain technology in reaching Sustainable Development Goals.

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