Auxledger Public Blockchain Network went live on 22nd February with the inaugural session of Blockchain Summit India 2019. The summit was inaugurated with welcome messages by Shri Suresh Prabhu (Hon. Minister of Commerce and Industry, Government of India), Mr. Sanjay Kumar (Chief General Manager, HPCL), Mr. Nitin Seth (CEO, Incendo Inc. & Ex-COO Flipkart), Prof. Akbar Ansari (IIM Lucknow EIC) and Kumar Gaurav (Chairman, Auxesis Group). The initiative has been supported by Department of Science & Technology, Government of India and State Government of Uttar Pradesh.
Mr. Akash Gaurav, CEO of Auxesis Group and Chief Architect of Auxledger commented during the network launch, “Indian enterprises have well formulated blockchain use cases over public and private chains. However existing shortcomings in current infrastructure such as network fee volatility, lack of data privacy, customizability, interoperability and fault tolerance makes it difficult for enterprises to adopt it. Auxledger is designed to solve the same.” Further, on the second day of the summit, Mr. Sudhir Chaudhary, CTO, Auxesis Group overviewed Auxledger infrastructure which included technology architecture, multi tiering network and hybrid network capability in order to enable enterprises to adopt the technology better. Issues like fee volatility and lack of on-chain data privacy has been considered as root cause for enterprises to be not able to embrace public networks such as Ethereum and Tron.
Aux-alpha, the Auxledger public network is built with a focus on requirements and adhering regulations of Indian IT and Data laws. The enterprise grade network is going to act as heart of Auxledger technology and will soon enable interoperability across 100s of Auxledger private chains which are currently live with over 60 million users of Indian State Governments. The Make In India product, Auxledger, for the past 2 years, has been a preferred choice for blockchain infrastructure by the Indian Government and Fortune 500 Companies. Global organisations like HPE, IBM, KPMG have partnered with Auxledger, while Indian universities like IIM Lucknow, IIT Bombay, Amity among many others are ensuring the adoption of Auxledger can turn out easier. Now, with a live public network, Auxledger’s ecosystem is expecting to grow at exponential speed. The company is starting its token sale assigned for public allocation at Saturday, 2nd March at its website www.auxledger.org Separate token sale allocation has been done for miners, partners, consortium developers and long term VC investors, most of which are sold out.
Auxesis organising the summit and bringing together over 2300 Blockchain enthusiasts, 80 global blockchain influencer as speakers, 50 VC & crypto funds and 10 premium academic institutes ensured Auxledger is now playing central role in the Indian blockchain landscape. Being one of the largest summits, it witnessed corporate presentations on blockchain by Google, IBM, Cognizant, ConsenSys, Accenture, EIL among others. The summit also hosted a blockchain expo, blockchain startup pitch and blockchain masterclass; all in-sync to build a stronger ecosystem for Auxledger. Shri Suresh Prabhu, Hon’ble minister, welcomed the ideas presented and offered congratulations to the organising team and is looking forward for implementations of blockchain in e-governance.
