One of the largest cryptocurrency exchanges in the world, Bithumb, announced that it’s going to bring its new blockchain platform to India. The Bithumb Chain, as it is called, will be available to Indian companies, startups and even the government for building services and products based on blockchain technology.
The company announced the Bithumb Chain at the Bithumb Family Conference in Seoul, South Korea yesterday. Bithumb is amongst the five largest crypto exchanges in the world.
According to Vincent Poon, Vice President, Bithumb Global, the company is open to partnering with anyone in India. Poon told Mint that he sees many possibilities for blockchain and cryptocurrency in India, despite the ongoing debate about the legality of cryptocurrencies in India.
He added that the country’s developer talent is impressive when it comes to blockchain-based applications.
While Poon didn’t disclose technical aspects of the Bithumb Chain, he said it allows developers to integrate their projects with it, without requiring them to “reinvent the wheel".
He also said that while the government hasn’t yet passed a bill on how cryptocurrency will be dealt with in the country, India has a lot of developer talent when it comes to blockchain.
The Bithumb Chain can be used for different industries and can be adapted to different use cases. The company is currently looking for partners in India who would want to use the Bithumb Chain in their products.
Bithumb doesn’t have plans to start its own projects in the country yet and said it will Poon said it will abide by the laws the government sets in future.