Flipkart & Polygon Launch Blockchain eCommerce CoE
India’s leading e-commerce giant Flipkart and Layer 2 scaling solution Polygon enter into a strategic partnership to launch Blockchain eCommerce Center of Excellence (CoE).
According to the announcement, the Blockchain-eCommerce CoE will work on research and development of Web3 and metaverse commerce use cases in India to accelerate the adoption of Web3.
Flipkart analyzes how Web3 can reshape the future of commerce, consumption and value creation and transform the shopping experiences of millions of people through its relationship with Polygon and the new Blockchain-Commerce Centre.
This is not the first collaboration between Flipkart and Polygon. In October, Flipkart launched Flipverse is partnering with eDAO, a Polygon-incubated company. Flipkart also has Polygonscan Block Explorer in its platform.
Sandeep Nailwal, co-founder of Polygon, stated “We know first-hand the wealth of talent that exists in India. This partnership will create more opportunities, drive research and development, and further cement India’s position as a Web3 powerhouse. We look at Center of Excellence as a natural step towards the development of e-commerce globally.”
Naren Ravula, VP, Head of Product Strategy at Flipkart and Head of Flipkart Labs, added, “Our partnership with Polygon showcases our technology-driven mindset with an effort to transform the shopping experiences of millions of users and redefine the future of commerce, consumption, and value creation . We look forward to continuing our work with Polygon and adding value to the e-commerce ecosystem by creating opportunities for innovative interactions with customers.”
With ties to Adidas, Adobe, Robinhood and other companies, Polygon is already thriving in the Web3 scene. It is certain that this partnership with Flipkart will expand the acceptance and impact of web3 both in India and beyond by pioneering research and development in relation to Web3 and experiential retailing.
Also read: Polygon Unveils Web3: Made in India Tour
