Airtel buys stake in Aqilliz to scale deployment of Blockchain tech across its fast growing business
BhartiAirtel now owns a stake in Aqilliz. The telecom giant seeks to scale the deployment of the startup's Blockchain technologies across its fast growing business. BhartiAirtel stated on Thursday that it had purchased a strategic share in Aqilliz, a Singapore-based Blockchain startup, for an undisclosed value. Airtel intends to use Aqilliz's Blockchain technologies at scale across its rapidly expanding offerings. Digital entertainment (Wynk Music&Airtel Xstream), a digital commerce (Airtel Thanks App), and adtech (Airtel Ads) are among the offerings. Adarsh Nair, CEO of Airtel Digital said, "Blockchain technology is evolving," adding that, "we see it being used in sectors such as adtech, the creator economy, and loyalty programmes." Aqilliz has created a patented hybrid blockchain architecture known as 'Atom,' which combines differential privacy with federated learning on a distributed digital ledger. This enables organis...