Tag: technology

New Delhi [India], June 21: Starting from mid-2016, Blockchains have found close operational relevance to the field of Logistics and e-votings. Since then, many businesses have been reluctant to fully implement Blockchain at the core of the business structure and have begun testing the technology, and are conducting low-level implementation to gauge its effects on organizational efficiency. But unfortunately, major Blockchain platforms have encountered congestion and attacks, demanding better security and scalability for building DApps.

But now, ‘EtherLite Foundation’ has come up with a solution to the above problem by excluding the issues and getting benefited from Ethereum’s existing infrastructure, and provides a stable and sustainable blockchain ecosystem. In compliance with EU Laws, the ‘EtherLite Foundation’, is now distributing utility tokens in the form of EtherLite (ETL). ETL kick-started its launch with a massive airdrop from May 01 till May 15. Now, Initial Bonding Curve Offering (IBCO) is ongoing till June 30 and this Initial Coin Offering (ICO) will later be listed for public trading on International exchanges on July 01 this year.

Ariane Cardoso, Member, EtherLite Foundation says “As per information available on the internet, in 2019, it was estimated that around $2.9 billion were invested in blockchain technology, which represents an 89% increase from the year prior. Individual use of blockchain technology has also greatly increased since 2016. According to statistics in 2020, there were more than 40 million blockchain wallets 2020 in comparison to around 10 million blockchain wallets in 2016. Additionally, a premier global market intelligence firm has also estimated that corporate investment into blockchain technology will reach $12.4 billion by 2022. Furthermore, blockchain technology has the potential to generate an annual business value of more than $3 trillion by 2030.”

Talking about EtherLite (ETL), Ariane Cardoso says, “ETL guarantees to be a faster and immutable Blockchain Network as it is built on the Proof-Of-Stake consensus mechanism making it an extremely fast processing Blockchain network at much lower costs. It is extremely scalable churning fast block times ~5S AND 10,000+ TPS and supports technologies like WEB3 that gives it a high-throughput rate.”

“Furthermore, what makes ETL great is its compatibility features. It is fully compatible with EVM, DAO, and smart-contract, giving developers a full range of options to experiment with and build explicit decentralized applications. ETL’s One-Click DApp migration tool will make the ecosystem widely interoperable. It also offers options for end-users to take part in and earn passively and handsomely. ETL Staking is one such feature that will allow users to keep the ETL network stable by staking their ETL coins and earn rewards. ETL being a community-driven project and believes in giving real value to its users; ETL Wallet will serve well for those who want to hold, send or receive funds easily. It connects easily to hardware wallets and delivers a seamless experience” she adds.

She also suggests all the Ethereum (ETH) holders just keep holding and accumulating more ETH to win more ETL.

To learn more about ‘why’ EtherLite is the next best thing that will happen to blockchain technology! Kindly visit: etherlite.org

iScribe is an innovative product that helps create an experience of the physical classroom even in online classes.

Bengaluru (Karnataka) [India], June 21: Bengaluru-based iTeltronics was awarded a certificate of recognition at the prestigious IMC Digital Technology Awards 2020 for its innovative product iScribe, which helps teachers and students to write on any normal paper with a pen and the same getting digitized instantly.

The IMC Digital Technology Awards recognize the innovations by the IT industry and the digital transformation of organizations across a broad spectrum. An eminent jury selected the winners, and the awards were bestowed on IT companies and end-users of IT for technological solutions and transformative applications.

iTeltronics, founded in October 2019, was awarded the certificate in the small sector category in the category of emerging technologies. Wipro Chairman Mr. Rishad Premji awarded the certificate to the company at a virtual event on June 17.

“The recognition at the IMC Digital Technology Awards marks a major milestone in our journey and inspires us to innovate further,” said Mr. P.S. Moorthy, CEO, iTeltronics, Bangalore.

With funding from Angel Investor UNI-M Ventures, and mentoring by Mr. Gunavanth Vaid, iTeltronics launched iScribe, an innovative product that gives ‘Chalk and Talk’ experience using normal pen and paper to teachers and students during virtual classes.

Launched in July 2020, just months after the COVID-19 pandemic broke out, iScribe was designed and developed in India. The product has transformed the way of teaching for more than 3,000 teachers and faculties, including those from premier institutions such as the IIT, IIIT, NIT, IISC, IISER besides other engineering colleges, degree colleges, major tutorials, and schools, etc.

“While technology cannot replace teachers, iScribe creates the physical classroom experience even in virtual classes. It also allows the students to grasp much better,” said Mr. P.S. Moorthy, CEO, iTeltronics.

The product is available on Amazon and through their authorized Channel Partners across India.

For more information, kindly visit https://www.iteltronics.com/

The Build-An-Agent Contest is a competition to create and launch innovative experiences on Google’s Business Messages platform

Kochi (Kerala) [India], June 18: Riafy Technologies Private Limited has emerged as a global winner in the Build-An-Agent Contest hosted by Google this year. The award was for Riafy’s AI assistant Esse, which they adapted for Federal Bank under the brand name Feddy. Based in Kochi, Kerala, Riafy was announced as one of the second-place winners amongst 21 finalists. The award includes a cash prize amounting to USD 10,000, along with official recognition as one of Google’s Developer Partners.

The Build-An-Agent Contest is a competition to create and launch innovative experiences on Google’s Business Messages platform. It aims to recognize pivotal transformations in the digital space using Business Messages.

Riafy’s AI assistant Esse, for which they received the honor, has leaped bounds ahead of existing technology in conversational AI. They have reimagined customer experience with conversational AI to create an optimized user experience. Esse uses a unique combination of machine learning, natural language processing, and Riafy’s proprietary contextual smart search engine to deliver an intelligent AI experience. You can check out Esse on https://esse-ai.com

Riafy was founded in 2013 by six friends who had just graduated as engineers, with a vision to create unique technological solutions at lightning speed. With John Mathew (CEO), Neeraj Manoharan (COO), Sreenath K V (CTO), Benny Xavier (CIO), Joseph Babu (CMO), and Benoy Joseph (CFO) at the helm, the Riafy team has unlocked numerous incredible milestones in just over 8 years. Riafy has previously partnered with Google, Apple, Siemens, and Sony. Riafy was the first Indian developer to be featured at Google I/O consecutively for five years from 2015.