Blockchain Technology Innovations by Grow Digi: Patents in India
Blockchain Technology Innovations by Grow Digi
Indian blockchain technology startup Grow Digi has been granted two patents covering innovative solutions that significantly reduce data storage requirements and enhance transaction speed.
Breakthrough Patents
- 95% reduction in data storage needs
- Transaction speeds decreased to under 300 milliseconds
- Enhanced security measures through randomized verification
According to Sachin Kumar, the founder of Grow Digi, these patents will empower enterprises to develop their blockchain-based applications effectively. The company stands out as India's first firm to secure layer 1 blockchain patents.
The Technology Behind Grow Digi
- The technology can potentially replace existing systems that require multiple points for data storage.
- Grow Digi also aims to explore blockchain applications in diverse sectors, including electric vehicles and healthcare.
With a roadmap for monetization in place, Grow Digi is set to make significant strides in the blockchain technology landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.