Please walk us through your entrepreneurial journey and background before you started? Any interesting stories?
The founding team, in 2006, was part of setting up the technology innovation / localization based Certification Authority business in India under the brand name Emudhra. The same resulted in cost effective certificates being made available to customers at a launch price of ₹ 99/- against the prevailing market price of more than ₹ 2,0000/-. Currently Emudhra has consolidated its gains and commands a numero uno position in the market. Leading the narrative in disruptive use of technology, the founding team next created YPayCash, a RBI regulated mobile wallet in 2011. After observing the bitcoin closely apart from the global payments landscape, the team was more keen and excited about solutions around enterprise usage of blockchain and KrypC was born a year and a half back.
Tell us something about founding team?
The members of the founding team include:-
- Mr. Ravi Jagannathan – Chairman & Founder of KrypC, has more than 30+years of management experience with large corporates in USA, Europe and India
- Mr. Karthik Balasubramanian – Chief Business Officer/Co-founder Has more than 18 years of experience in delivering projects for large enterprises in USA and Europe.
- Mr. Venkataraman VS – Chief Operating Officer/Co-founder 20+ years of Cross-functional experience in IT Services, Finance and Consulting in USA and India
Tell us little about your product/ platform.
KrypCore is a middleware that enables business users to easily adopt Blockchain solutions with near zero coding, no infrastructure from their end and easy transaction with legacy data through APIs. KrypCore is made of 4 primary layers that include the protocol wizard layer, API layer, crypto layer and the process framework layer, all of which together contribute to enabling easier Blockchain adoption.
Tell us about your customer traction.
“We are currently engaging with businesses across the globe in various industries that are interested in Blockchain adoption.”
Active discussions for PoC are ongoing with various banks, capital market and commodity business, construction business, supply chain businesses and other businesses.
How has been your association with IBM-GEP? How important do you think IBM-GEP is to help and improve the ecosystem?
“IBM-GEP gives us the IBM brand name that helps us improve market visibility and helps us give more confidence to our potential customers.”
Overall, it has been a great experience as a start-up and we envisage a closer partnership with IBM in such initiatives in the future.
What’s your take on the IBM Cloud (Softlayer or Bluemix)? How is it helping your start-up grow?
IBM Cloud has definitely helped ease our efforts in development of KrypCore and other Blockchain solutions. Using IBM Cloud minimizes risk and effort for our Blockchain development initiatives.
What is the road ahead for your start-up?
KrypC currently has entities in UK, USA and India and our primary market is USA, considering that there is currently more Blockchain interest among businesses in the USA. We would like to increase our footprint globally and capture global market. We envisage ourselves as a catalyst for Blockchain technology adoption and we intend to partner with top companies in Blockchain industry.