Startup Grow Digi has developed technology that can redefine the use of blockchain globally. The company was founded in 2021 and since then has been granted two government patents for its innovations.
Blockchain technology has often been criticized for its high data storage demands and slow transaction speeds. The solutions of Grow Digi address the challenges head-on. Founder and Managing Director Sachin Kumar said that their patented technology can reduce data storage requirements by 95% and bring transaction times down from an average of five seconds to under 300 milliseconds.
The technology of Grow Digi operates on a layer 1 blockchain and the foundational layer on which enterprises can build applications. This is a first for an Indian company and marking a proud moment for the country’s tech sector.
The vision of Grow Digi is also at improving blockchain infrastructure. It is developing several real-world applications such as industry-specific platforms for sectors like electric vehicles and healthcare. Patients will be able to share their medical history securely with doctors and revoke access whenever they choose.
Chief Technology Officer Vaibhav Tripathi said that Grow Digi has plans to onboard customers soon and pave the way for businesses to develop blockchain-based applications on their Jumbo Blockchain platform. The company is ready to monetize its platform this year with a team of 41 dedicated professionals.
The accomplishments of Grow Digi highlight the potential for Indian startups to lead innovation in emerging technologies. The company is making blockchain more accessible and reliable for businesses.
It is clear that this homegrown startup is innovating as well as setting a global standard for blockchain technology.
