DLabs Incubator Association (DLabs) at the Indian School of Business (ISB), in partnership with S&P Global, today launched a world-class Blockchain Impact Lab at ISB’s Hyderabad campus. 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 act as a hub for creating and disseminating knowledge about blockchain and its impact on society.
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. The purpose is to impart knowledge and create use cases that use blockchain to increase societal impact. said Professor Bhagwan Chowdhry.
The state-of-the-art laboratory is equipped with an Ethereum Virtual Machine, Hyperledger Fabric and Multi-chain environments. It currently has four nodes, sufficient for any kind of usability testing. Students can log on to the machine from anywhere, so the technology can be used in a wide range of setups.
Nilam Patel, Managing Director of India Operations, S&P Global India, said: “Blockchain technology has been a game changer and a revolution. Our partnership with ISB is critical to creating a strong technology-focused ecosystem that helps make a difference. With the Blockchain Impact Lab, we provide a platform for students, faculty, startups and upcoming entrepreneurs to create a significant societal impact.”
The laboratory will function as both a physical and virtual setup. The classroom environment will allow stakeholders to attend blockchain training sessions and usage demonstrations, while start-ups incubated at ISB can use the facility to develop 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 laboratory has already set itself 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 laboratory aims to emerge as the leading global think tank on the Web 3.0 ecosystem and facilitate collaboration between companies, authorities and researchers for the wider applicability of blockchain technology to achieve the goals of sustainable development.
