A company called Zebi Data India Pvt. Ltd. is looking to tackle Big Data in India with a blockchain-based solution; the company’s flagship product Zebi Chain aims to secure high value and sensitive data across the board. Among the targeted applications for the product are land registry, employee and salary records, pension payments, education, and other qualification documents and certificates.
Zebi Chain eliminates all the ambiguity associated with fake transaction and fake documents as blockchain-based records are time stamped and any alteration made to it is also securely recorded. Furthermore, this data can be verified without any human intervention, therefore not leaving any scope for manipulation or copying of sensitive information by unscrupulous insiders or external hackers.
Zebi Chain works as a lightweight satellite application that is installed at various Data Providers’ premises to provide immutability using blockchain-based ledger. The number of nodes in a private blockchain is configurable and integrated with Ethereum public blockchain for 100% tamper-proof protection.
In addition, the solution also includes Zebi Data Gateway, which is designed to connect Zebi Chain installations and on-board individuals and data requestors with a simple registration process. It can facilitate instant data exchange through Data as a Service (DaaS) APIs by connecting to Zebi Chain instances and taking individual consent wherever appropriate.
Here’s a video demonstrating what Zebi Chain is all about:
The Big (Data) problem
India’s big data generation is increasing exponentially and is expected to reach 3 Zebibytes per year by 2020, with 1 Zebibyte presenting about one trillion Gigabytes. This massive growth of data will be driven by increased internet usage, social networks, proliferation of smartphones, as well as the digital initiatives and structural reforms undertaken by the Indian government.
At the same time, incidents of data crimes such as data hacks, data leaks, data tampering, identity thefts are on the rise — and expected to grow — costing Indian organizations and consumers more than $30 billion per year.
According to the company’s founder & CEO Babu Munagala, Zebi’s blockchain-driven holistic solution makes high value or sensitive data readily available for legitimate use, while protecting it against hacking or tampering, while taking individual consent wherever appropriate.
“We have a healthy pipeline of prospects across India. All Zebi Chain installations will be connected to Zebi Data Gateway to serve the data for authorized business purposes,” Babu said. “As we rapidly scale and add more Zebi Chain customers, the value proposition of Zebi Data Gateway will enhance exponentially.”
The expandable platform
Zebi will start with such data as land records, employee and salary records, pension payments, education and healthcare records, and other qualification documents and certificates. The system, however, is generic to expand to broader customer transaction and interaction data in the future. For instance, it could be applied to other industries, including Credit Scoring, Personalized Product Creation, Consumer Lending, Fraud Detection, eGovernance and more.
“Increased awareness of data thefts and emergence of new age technologies such as blockchain have created a large market for data protection worldwide,” added Sudheer Kuppam, founder and managing partner of Epsilon Venture Partners who also sits at Zebi’s board. “India is yet to implement Data Sovereignty regulation with over a billion people with digital identity (Aadhaar), and over 400 million internet users that is doubling in the next 3-4 years.”
Zebi Chain is being well received by the market, as we speak. It was selected as the solution of choice by APCRDA (Andhra Pradesh Capital Region Development Authority) to safeguard their land assets. Honorable Chief Minister of Andhra Pradesh, Shri N. Chandra Babu Naidu launched Zebi Chain-powered Amravati Blockchain Asset Management System for land records in an inaugural ceremony held at Amaravati in December.
The solution will eradicate problems of fake documents, fake transactions and resultant litigations. In turn, people interested in a specific property will be able to see and verify the date of past transactions.
APCRDA is proud to emerge as one of the first few government authorities in the world who have embraced blockchain technology. So if everything goes as planned, Zebi will also get to benefit, big time — showing how its blockchain-based solution can solve real-world problems.
Crowdsale is a go
If Zebi sounds like something you want to invest in — and it sure sounds promising — you can join the crowdsale campaign now. There are multiple stages of the process, and you’re best off joining as early as possible. Don’t take this as an investment advice — cause we can’t provide one — but do check out Zebi’s website for more details. And then make a move.