Best of 5 Blockchain Companies-2023

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Editor's Note Abhishek Joshi Deputy Editor abhishek.joshi@insightssuccess.com 2 0 2 3 2 0 2 3 APPLAUDING THE SPARTANS OF DATA SECURITY AND BUSINESS EFFICIENCY B Company Name Featuring usiness in the modern world is driven by technological advancements which have empowered the structure with efficiency, safety, security, optimization, control, and cost savings. Blockchain technology came to be known in the market through the cryptocurrency application; however, to identify Blockchain with cryptocurrency would be like gauging the ocean depth by sitting on the seashore. The scope and expanse of Blockchain technology have been increasing steadily. With a compound annual growth rate of 56.3%, the blockchain industry will be worth $163.83 billion by 2029. From 2022 to 2030, the worldwide blockchain technology industry is predicted to grow at an 85.9 percent CAGR, with the banking industry emerging as the sector of highest distribution by value. Brief OM Software combines the power of positive thinking, domain expertise, and digital technologies to address the challenges clients face in the dynamic world. Raj Kamal, CEO & MD OM Software Pineapple Group is a software company that provides web design, development, digital media, blockchain, and customer support solutions. The advantages of the blockchain extending over several sectors, and the demand for blockchain solution providers has rocketed with every futuristic business organization focusing on revamping and strengthening their IT architecture. Pineapple Group Amit Savargaonkar, Director It is true about Blockchain that it is such a vast and diverse platform that it has encompassed most of the industry sectors due to its basic strength-Complexity. You might wonder how can complexity be the strength of a technology like Blockchain? Rohit Purohit, CEO, and Vishal Rajpurohit, CTO ViitorCloud Technologies ViitorCloud provides niche digital solutions across the globe. CioLook India has brought forward its latest edition, “Best of 5 Blockchain Companies-2023,” which highlights the various dimensions of blockchain solution providers and their important role in empowering modern businesses. Well, the answer is quite simple. The blockchain structure comprises several interconnected blocks secured in a chain format. The blockchain technology to create an unalterable or immutable ledger for tracking orders, payments, accounts, and other transactions. The system has built-in mechanisms that prevent unauthorized transaction entries and create consistency in the shared view of these transactions. This complexity in its structure makes Blockchain a secure structure for data storage. Web 3.0 India strives to provide the best-in-class web app development,mobile app development and game app development. Himanshu Jaiswal, CEO Web 3.0 India Our in-house editorial team has crafted a couple of interesting and engaging articles which will open different facets of the Blockchain industry. Never have we imagined that blocks and chains could have secured the entire business world significantly, but it is possible with blockchain technology. Xenon Labs is a platform that accelerates the growth of Web 3.0 based startups in a decentralized, safe and autonomous way. Sagar Pratap Joisar, Founder Xenon Labs With its advantages and reliability, Blockchain technology is widely used in various industries of energy, finance (banking and stock exchanges), Retail, media and entertainment, and many more are being added steadily. Hope you have an inspiring and engaging read. Enjoy!

C O N T E N T P r o f i l e s 08 ViitorCloud Technologies Encouraging Growth Through Digital Transformation 20 Web 3.0 India Unrolling Revolutionary Virtual Height of Indian Industry 4.0 28 Xenon Labs Fostering Innovative Digital Solutions via No Code Web 3.0 A r t i c l e s 16 24

I N D I A Pooja M. Bansal Editor-in-Chief CONTENT FOLLOW US ON www.twitter.com/ciolookindia www.facebook.com/ciolookindia/ Deputy Editor : Abhishek Joshi Assisting Editor : Gaurav PR Wankhade WE ARE ALSO AVAILABLE ON DESIGN Visualizer: Sandeep Tikode Art & Design Director: Rashmi Singh Associate Designer : Sameen Arif CONTACT US ON Email sales@ciolookindia.com For Subscription www.ciolookindia.com SALES Sr. Vice President: Megha Mishra Sr. Sales Manager : Tejaswini Whaval Business Development Lead : Suraj Gadekar Business Development Exe. : Siddhesh Dangat Copyright © 2023 CIOLOOK India, All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from CIOLOOK India. Reprint rights remain solely with CIOLOOK India. TECHNICAL Technical Head : Amar Swant Technical Consultant : Tanaji Fartade SME-SMO Research Analyst : Nilesh Patil SEO Lead : Atul Dhoran sales@ciolookindia.com JANUARY, 2023

Best of 5 Blockchain Companies-2023 Viitor Cloud Technologies Encouraging Growth Through Digital Transformation ViitorCloud Technologies has formed strategic partnerships to co-create Innovative solutions that take your business through digital transformation and position you to anticipate and provide you with sustainable growth. ost-pandemic, many business organizations ramped P methodology of introducing new technologies that enable businesses to advance and thrive in the challenging business world. the evolving business needs and challenges in a highly competitive industry through digital transformations and services tailored to their specific business requirements. The idea of ViitorCloud is envisioned to result in a bootstrapped startup. up their efforts to develop a robust business ecosystem that worked on an independent With a decade of experience building enterprise applications, we are a leader in blockchain development with in-depth knowledge of Artificial Intelligence, the Internet of Things (IoT), Augmented Reality/Virtual Reality, Cloud Services, and IT consulting services. We are one of the most trusted blockchain technology companies, helping many overseas clients with Blockchain consultation services required to build applications. By 2024, it became apparent that leveraging technological advancements is not a choice but a necessity of the modern business enterprise. Technologies need to be strategically incorporated in all the dimensions of the business ecosystem to generate better data insights, enhanced collaboration, greater employee innovation, involvement and productivity, and high-quality customer experience. ViitorCloud Technologies Pvt Ltd offers digital transformation solutions that empower business organizations in creating logical processes for achieving business objectives with result-oriented methods through measurable outcomes. It's our pleasure that we are blessed with a team of developers who have a deep understanding of working on multiple blockchain platforms like Ethereum, Hyperledger Fabric and Sawtooth, EOS, Credits, Neo, and many more. Vishal Rajpurohit Chief Technology Officer (CTO) ViitorCloud Technologies Rohit Purohit CEO ViitorCloud Technologies We believe that the fundamental success of every business relies on the measurable value it delivers to its customers, people and industry. With this mantra, we partner with our customers to ensure their success to meet their objectives with result-oriented processes and measurable outcomes. This modern digital transformation company heralded byits CEO, Rohit Purohit and Chief Technology Officer (CTO),Vishal Rajpurohit in offering digital solutions in the ten service domains of immersive technology, interactive technology, artificial intelligence, machine learning, internet of things, blockchain technology, web application development, UI/UX Design, IT consulting, and digital marketing solutions. Ÿ With our proactive leadership, innovative approach, unwavering expertise, and unwavering efforts toward learning and continuous improvement, we bring significant value and success to all stakeholders. ViitorCloud Technologies operates from its offices in India, the US, and Mauritius for numerous customers worldwide. The CIOLOOK India team interviewed Rohit Purohit and Vishal Rajpurohit, where they unfolded the professional journey of ViitorCloud Technologies, their starting triggers, challenges faced, advice for young professionals and their roadmap ahead. ŸWe hold ourselves to the highest ethical and moral standards by ensuring that trust, accountability, and integrity are always aligned with our commitment to dependable and responsible business practices. ŸWe hold ourselves accountable for going above and beyond to maintain trust, honesty, integrity, and accountability in all of our deliverables. Please describe ViitorCloud Technologies in detail. ViitorCloud Technologies was established as a Digital Solution Provider Company, helping organizations address 8 | January, 2023 | www.ciolookindia.com 9 | January, 2023 | www.ciolookindia.com

Ÿ We take pride in offering the highest level of service in all of our products and solutions in order to ensure customer satisfaction, value addition, profitability, and growth. blockchain adoption and blockchain development face challenges. As a result, it is necessary to discuss the challenges encountered from both the adoption and technological development perspectives. requirements through design, testing, and deployment. We are using industry-known emerging technologies such as AI, Blockchain, AR VR, Microservices, etc. It aims to impress the next generation of executives, who are more likely to invest in these technologies. Ÿ We leverage and enable our partnerships to succeed in all ventures, resulting in success and profitable growth for all stakeholders. Furthermore, a thorough understanding of the adoption challenges can greatly assist developers in optimizing the technology. Furthermore, a thorough understanding of the technical challenges will assist decision-makers in learning the capability of the technology and promoting its adoption. To innovate and give back to society, ViitorCloud is strategically investing in its own intellectual property (IP), spin-off products into independent start-ups, cross-cultural and diverse teams, and a world-class workspace. We know exactly how to get you there. In the long run, our priority is to see your business succeed, build trust, and witness the miracles that occur when we work with you. Ÿ By applying scalable qualitative and quantitative metrics to our value-creating innovation delivery, we accelerate successful return on investment. Where do you envision ViitorCloud Technologies eventually, and what are your future goals? How do you plan to embrace the changes happening in your industry? We offer cutting-edge solutions and services across contemporary cross-platform software development, as well as expertise in utilizing emerging technologies like AR/VR, AI, IoT, Blockchain, and Cloud Computing for many platforms. ViitorCloud Technologies Pvt. Ltd. has its headquarters in Ahmedabad, India, and also possesses a global presence, particularly in the USA and Mauritius. What was your inspiration behind venturing into the Blockchain niche? What would be your advice to the aspirants who are willing to venture into the field of Blockchain? Blockchain makes operations safer and more efficient for enterprises, but tremendouspower also comes with enormous autonomy. Here are some important elements that inspired us to start a blockchain business. Each year, ViitorCloud Technologies identifies the Blockchain technology trends that are critical to business and expands its product and service offerings. Apart from games and entertainment, ViitorCloud receives inquiries for blockchain development on a regular basis from diverse industries for solutions related to education and training, connected (IoT) industrial simulations and interactive multiplayer experiences. Blockchain technology is going to be a game-changer in the days to come. Many Industries are planning to adopt blockchain technology across the globe. Currently, blockchain technology has either been already adopted or is in the process of being adopted. There are various other sectors where the government and other individuals are planning to incorporate blockchain technology. The method of workflows ViitorCloud Technologies follows are: Blockchain technology can retain immutable records and resolve trust issues. Providestrust between two unknown participants doing certain business. Additionally, it helps to shorten transaction times, eliminate overhead expenses, lessen fraud and cybercrimethreats, and boost trust through shared procedures and record keeping. Ÿ Insight: We understand the client's specific cause and effects of the project. Ÿ Analysis: We do a complete analysis with detailed elements and structure of the client's project. Ÿ Brainstorming: All the blessed ViitorCloud developers with great minds are brought together. Ÿ Design: After all the preparation steps, the hard work begins with the best wireframe design as required. Ÿ Development: Our developers take charge of translating the wireframe design into interactive digits with codes for further development Ÿ Testing: Thorough testing is the final stage of the project's functionality before advertising. ViitorCloud has created six different products in the pipeline targeting Education, High-Risk Industries, Gaming and Entertainment, News and Media, and Retail and High- Tech Industries. Each product has a distinct value proposition and is built with emerging technologies such as AI, Blockchain, AR VR, Microservices, and so on. It aims to impress the next generation of executives, who are more likely to invest in these technologies. Our experts are accessible at every stage of the process. The possibility of incorporating and adopting blockchain technology is vast and it is all set to ease the way for faster and smoother adoption of this new technology. It will help in revamping and removing all the major problems in most of the essential services provided by different industries. It helps thebusiness in decision-making, reduces costs and time associated with intermediaries, andstrengthens trust issues. Blockchain Technology has emerged as a potential solution to theerosion of trust factors between two intermediaries. Blockchain can increase trust,security, transparency, and the traceability of data across a business network. So, in the future, the adoption of blockchain technology is all set to propel a whole new level altogether, helping it to rise considerably in the ranks. Giants in the technology sector have already expressed interest in investing time, money, and resources in exploring and developing the Metaverse and its applications across a wide variety of industries. Whether we're building on your idea or starting from scratch, we engage our partners from the initial defining What are the USPs that highlight ViitorCloud Technologies as a leading name in Blockchain Solutions Industry? What were the initial challenges after venturing into the field of Blockchain, and what are the challenges now? How do you overcome them? ViitorCloud Technologies is a leading, highly innovative software development house, systems integrator, and technology provider, established in 2011 by a team of tech enthusiasts with a vision to deliver niche digital solutions with cutting-edge technologies to help businesses flourish through revenue, productivity, efficiency, and measurable value. Beyond software development experience, we lead through knowledge, insight, a deep understanding of how the software development industry continues to evolve, and the expectations of the audience. In an untrustworthy environment, blockchain technology creates a trustworthy service. It makes use of distributed system duplication to create a decentralized service that achieves the same goals as a trusted centralized one. We examine various aspects of how blockchains are used in each sector, present the benefits of using blockchains in each use case, and discuss adoption and technical challenges. As blockchains cannot solve all the digital problems. Blockchain technology is not yet mature, so both 10 | January, 2023 | www.ciolookindia.com 11 | January, 2023 | www.ciolookindia.com

While the CTO, Vishal, handles operations excellence, technology growth strategy, and the institutionalization of ViitorCloud’s operating philosophy. The Journey of Coherent Leaders Coding and long bullet rides are his passions. Vishal's commitment to growth for ViitorCloud stakeholders is at the core of his every decision. Having 12+ years of experience working with multiple technologies, I have designed, developed, and supported high-volume customer- facing web and mobile apps, databases, back- office applications, operation support tools, and related services. ViitorCloud Technologies stepped into this business in 2011 under the leadership of Mr Rohit Purohit and Mr Vishal Rajpurohit. ViitorCloud is a leader in the application of technology solutions and has been helping clients with digital transformation whilst creating new avenues for generating value. Viitorcloud’s primary objective is to be at the forefront of technology and innovation by providing unrivaled high-quality deliverables to its clients, which helps them achieve better efficiency, productivity, and faster growth. Below mentioned are a few achievements gained in Blockchain by ViitorCloud under the leadership of Mr Rohit and his experienced and talented developers. Mr Rohit Purohit is a young business leader and the CEO of ViitorCloud Technologies. Having 16+ years of diversified work experience with top multinational consulting firms, software engineering firms, governments, and PSUs. As the CEO, Rohit leads new market opportunities, growth strategy, research and development initiatives, and strategic relationships. Previously he led Accenture Health and Public Sector business for a region as “Accenture Strategy Executive” in India. Ÿ Blockchain Solutions for eCommerce businesses to store digital assets both automatically and manually. Ÿ Blockchain Solution in Food Batch Stats- the secret to a successful relationship Ÿ Batch Information and Stats of Poultry Farming verified through the blockchain Ÿ From Farm to the products supply chain is verified through the blockchain He enjoys working as a VRARA Chapter President of Ahmedabad to foster collaboration between innovative companies and people in the VR and AR ecosystem to accelerate growth, foster research and education, and help to develop industry standards. He serves as a mentor and active advisor to several successful start-up companies that have seen substantial growth in NR, strength, and clientele in recent years and is a member of the steering committee of a nationally recognized incubation center responsible for qualifying start-ups for funding and scalability support. Ÿ Distributed Identity Management System powered by Blockchain Ÿ CIHEAM Bari - Maintaining Absolute Authenticity for all certification Ÿ Establish trust in record management with public blockchain networks using robust and scalable APIs Ÿ A Mining Platform on the cloud that would enable the organization to mine cryptocurrency by leveraging its cloud infrastructure Mr Vishal Rajpurohit is an entrepreneur by choice and an engineer by profession. He is leading ViitorCloud as Chief Technology Officer, where he is responsible for developing, enhancing, and deploying a company's web presence. 12 | January, 2023 | www.ciolookindia.com

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Top10 Blockchain Trends Emerging in 2023 I n this age of evolving technologies, the blockchain concept is well-known to the people everywhere. The initial cryptocurrencies of Bitcoin and Ethereum were the basic blockchain examples, however this was just the tip of the iceberg. The blockchain technology is spread across diverse sectors through multiple applications. Let’s understand the most promising blockchain trends in 2023. Blockchain Consortia 1. The consortium blockchain identifies a group of private blockchains, each owned by individual institutions that have banded together to share information to improve existing practices, accountability and transparency. The main aim is to connect different organizations in a productive collaboration. As the success of any blockchain platform depends on its community, involving more members significantly improves the importance of shared data as well as the technical security of the network. Future Vision Blockchain consortia focuses on • Technology that seeks to develop reusable platforms involving technical standards. • Business that aims to create and maintain platforms to solve specific business problems. 16 | January, 2023 | www.ciolookindia.com 17 | January, 2023 | www.ciolookindia.com

R3 type consortia can contain features of both these types. change thereby promising for real-world applications such as land-registry and the voting process. of data leak and other privacy violations. Organizations like CyberVein are dedicated in the niche of data marketplace and making this concept promising to grow forward soon. Alternative Asset Classes 2. One of the top blockchain trends nowadays is the idea of asset tokenization. Any high-value property such as real estate or commodities can be tokenized and used for exchange. The transition from cryptocurrency to real-based digital assets can be vital for small to medium enterprises, granting them wider market access. The immense possibilities of the blockchain, such companies can attract more investors and benefit from high liquidity and transparency of exchanges. Stablecoins 5. Stablecoins is another type of token aimed to address the volatility issues of Bitcoin. It merges most cryptocurrency benefits (privacy, security, transparency, etc.) with the reliability and stability of fiat money. Such currencies are not affected by market conditions and have a stable price, mostly because they are backed by fiat money. Decentralized Ecosystem Platforms 8. The process of B2C digital transformation has been easily possible, however the broader perspective of B2B companies have shown a slower digitalization pace. The Blockchain technology can support by creating complex ecosystems like B2B2C. Powered by smart contracts, it maintains efficient peer-to-peer transactions, enabling competitors to connect and constructing new secure business models. There are several types of stablecoins, which are • Fiat-collateralized • Commodity-collateralized • Crypto-collateralized • Non-collateralized Security Tokens 3. The slowdown of the utility token market was caused by numerous concerns related to ICO (Initial Coin Offering) process. ICO process is the crowd funding activity undertaken for a cryptocurrency venture, company or building a cryptocurrency asset. The ICO concept has been questioned and criticized for lack of real value and uncertain regulations resulting in limited profit potential for most investors who are used to the IPO market. Due to the potential market manipulations and limited liquidity, people perceived cryptocurrency as a short-time investment. Earlier, there were several implementations of the same revealed potential challenges. The New systems require a reliable business governance model that will guarantee equal rights for all ecosystem players without getting overpowered or monopolized. To contribute further, earlier unproductive experiments can highlight the grey areas that need improvement, opening the window of opportunities. Currently, there are several well-known stablecoin currencies such as Tether. Still, such systems are not free of disadvantages: they are centralized and, therefore, may evoke less trust from the investors. Blockchain-as-a-Service Blockchain Interoperability 6. With the increasing popularity of the Technology-as-a- Service concept, like the SaaS models, soon the recent models are getting developed the increasing in the number of such blockchain platforms as well. Blockchain-as-a- Service enables customers to use all the best features of this technology without creating their platform: they can access the cloud and build apps, execute smart contracts, and enjoy the existing well-developed infrastructure. 9. The cross-chain services are an important aspects of this business. There are a lot of existing successful blockchain projects, and many arrive in the future, so the market is estimated to gather $20B in revenue by 2024, according to the market experts. Such impressive potential growth makes cross-chain communication vital for the industry. Security tokens were launched to eliminate major ICOs issues. They are based on the idea of programmable equity, combining stake principle with the benefits of the blockchain. Contrary to ICOs, they allow investors to get more value such as ownership rights and a passive income via dividends. Being familiar to entrepreneurs, this concept can redefine the IPO business by granting them higher liquidity and efficiency combined with 24/7 capital access. Blockchain interoperability is a concept of sharing information across different systems, making them more practical and efficient. It can be possible to address all blockchain needs, using the possibilities of different networks, creating powerful multi-channel solutions. Amazon and other service providers are already providing BaaS, and many more companies can be expected to join this segment. Recently, the Chinese smartphone and communications company, Huawei launched its Blockchain service offering the services through HUAWEI CLOUD. Hybrid Models 4. The reason for reduced confidence in cryptocurrency transactions is basically due to lack of official support and regulations. Countries including Ecuador and China are experimenting the with their own cryptocurrencies, due to no backing or recognition from any governments, it has limited existence in the outside world. Converging with the Internet of Things 10. According to Cisco’s research, the number of IoT devices will rise to 28.5 billion in the following three years. Blockchain can eliminate security issues by creating a secure framework to exchange data between devices. An IoT-enabled blockchain can improve consumer data management, granting users more control over the information they share. It is yet to grow and mature to the levels perceived by the industry experts. Data Marketplaces 7. The increasing application of AI demands a lot of quality user data that can be challenging to obtain. To satisfy this demand, startups are proposing the concept of “data marketplace’, a blockchain-based platform where individuals can sell their personal data. One of the key principles of the blockchain is that the data cannot be shifted, removed, deleted or altered from the network, so such an environment will be secure and eliminates the risks As the fiat currencies are universally implemented in most countries, the winning approach is in connecting crypto mode and fiat system by creating a digital link between them. The fiat-crypto exchange is a necessity among various industries that aim to widening their possibilities. These Hybrid models can build trust and a mindset of - Kedar Borgaonkar 18 | January, 2023 | www.ciolookindia.com 19 | January, 2023 | www.ciolookindia.com

Best of 5 Blockchain Companies-2023 A collective zeal for decentralized ingenuity. The future is a fabric of intricately woven present moments that we transform through our evolving neurons. We are the universal power of the oceanic current of energy flowing through the mesh of our bodily network of cells, veins, and arteries connected chemically. rtificial Intelligence is the reflection of human ingenious. Machine Learning is the expression of our smartness. And Blockchain is the vision of our officer, Himanshu began working for an IT company after graduating. However, after working for different companies, Himanshu struggled to find an environment that would enable him to deliver the best and enhance his skills to match the advancing technologies. Self-Belief Empowered Self-Worth At that point, he decided to start his own business and build a platform to showcase several deserving candidates like him. Rather than taking advantage of other options or opportunities, he chose to become an entrepreneur due to his self-belief. "Whenever I proved my worth and delivered my best, I knew I could go to any length to prove my worth. My desire to be an entrepreneur led me to establish Virtual Height IT Services Pvt Ltd," reveals Himanshu. Replicating this model with the digital technologies we have unleashed upon the industries, we are witnessing the fourth industrial revolution with Industry 4.0. Though the pandemic might have accelerated the pace of global digitalization, it was Web 3.0 India–a unit ofVirtual Height IT Services Pvt Ltd–which began unrolling the Industry 4.0 saga way back in 2010 by equipping industries with revolutionary methods leveraging the web, mobile, game, and all the other web 3.0 technologies. Emerging Leaps for Success Championed by Himanshu Jaiswal, the CEO, a CMMi Level3 certified Web 3.0 India is the most trustworthy organization empowering experts in various emerging technologies. Himanshu shares, "Being in the market since 2010, we have delivered our technological solutions in 34+ countries and have successfully completed 1000+ developmental projects to date. We are a peerless team of 170+ fully dedicated in-house employees, and long-term relationships with our clients are always our primary goal." Renting 200 sq. ft of office space and borrowing ₹40K, initially, he rented computers and hired one employee. Further, they expanded their journey to a larger space of 1000 sq. ft with about 50 employees, and now they stand at a whopping 12000 sq. ft area with over 170+ employees and counting. Fruits of Hard Work and Patience Himanshu faced many challenges, including financial crises, team building, and a lonely vision. He began working on very small-priced projects to overcome the financial crisis by earning in small figures but in quantity. To build his team, Himanshu took interns and trained them. "My wife–one of my closest friends–has always been by my side to give me confidence and motivation to succeed," says Himanshu. In 2021, Web 3.0 India was recognized and awarded the best mobile app development company in India. Moreover, the firm creates real value through a digital transformation thanks to its industry expertise and technical capabilities. "As leaders in emerging technologies, we help companies navigate the most critical leaps for success," says Himanshu. An Array of Solutions for the Global Market Himanshu adds, "With our array of services, we have already penetrated the global market." It is always important to believe in yourself if you want to succeed. Among all the people in the world, you are the best and one of the most unique. You can only be defeated by yourself. Take charge and win! You can fulfil the dreams of many people by making your dream a reality. Working with some of the most renowned government organizations, working with clients from more than 22 countries, and being the backbone for some of the best start-ups worldwide have been significant milestones in this journey. Walking on a Different Path Elaborating on his journey, Himanshu conveys that his family has always placed values and principles before everything else. To ensure he received the best education possible, his father worked hard and fulfilled the same. Even though his mother is a very family-oriented lady, she has always inspired him. Although Himanshu's father wanted him to apply for Civil Services and dreamed that Himanshu would become an IAS Himanshu states, "Becoming a world-leading provider of IT Blockchain services is the vision of my business." 20 | January, 2023 | www.ciolookindia.com 21 | January, 2023 | www.ciolookindia.com

Himanshu shares his inspiration behind venturing into the Blockchain niche: "Furnishing enterprises with authoritative and modern Web 3.0 solutions to hold back a powerful place for our customers when the future unrolls. Having said this, we had envisioned Blockchain/Web 3.0 way back in 2010, and since then, we have registered this domain , and now we have ." They work with cutting-edge technologies to provide interactive solutions to our clients and excel in the Web 3.0 industry. Their developmental solutions help to ease the interaction between humans and devices by enabling them to interact with the web seamlessly. Ÿ Ubiquity Ÿ Decentralized Ÿ Cryptocurrency Ÿ Smart Contract Ÿ Metaverse Ÿ NFT Marketplace are the USPs that highlight the brand Web 3.0 India as a leading name in Blockchain Solutions Industry. Breaking the Chain of Challenges Blocks Speaking about the initial challenges after venturing into the field of Blockchain and the present challenges they have to overcome, Himanshu puts that finding customers that could venture into solutions created by Blockchain and providing the same at a reasonable cost (as those services come with a price-tag that is not easy to shell out,) was their primary challenges in the initial days. To overcome it, "We have now made it available at just incorporating initial 20% of the total cost and thereafter paying the rest in different milestones," says Himanshu adding some key benefits offered by Web 3.0 India: Blockchain Development: Swiftly handling complex projects on web3 blockchain development technology. Inspirational Success Achievement According to Himanshu Himanshu appeals, "Those who find inspiration in my achievements should never back down from the challenges they face." The more challenges you face, the stronger you become. Be patient with time and have faith in God. You will surely taste SUCCESS one day if you have a strong vision and a firm determination to fulfil it! Ÿ Features of Web 3.0: Ÿ Artificial Intelligence Ÿ Connectivity Ÿ Edge Computing Ÿ Blockchain "We envision to have our office expand on a global platform, wherein we already have incorporated one office in the UK and process of opening one in Canada and Dubai is underway." He furthers, "We believe all our employees will be given a chance to upgrade themselves in their respective fields of technology so that they can walk along with the changing trends in technology." Before concluding, "Moreover, we also plan to have our own corporate house that will have all our 170+ employees under one roof, and we envision to have about 500 by the year-end 2024." Ÿ Businesses will gain the utmost benefits by incorporating Web 3.0 technologies. Ÿ Reduction in the infrastructural cost Ÿ Easy to store information using blockchain development Ÿ Access customer data on a real-time basis Ÿ And much more… Expanding Web 3.0 India on a Global Platform Regarding their future goals and aligning them with the changes happening in the industry, Himanshu says, 22 | January, 2023 | www.ciolookindia.com 23 | January, 2023 | www.ciolookindia.com

Money Script How Cryptocurrency is transforming tomorrow? A s known to many, cryptocurrency is a digital token, ownership of which is recorded on a blockchain, a distributed software ledger that no operates automatically. The complex structure of the blockchain framework is designed to make it more secure. Ethereum and Bitcoin are the two most widely known cryptocurrencies, however more than 18,000 tokens are traded under different names including dogecoin. Even in the scenario of rapidly fluctuating prices and a relative lack of regulation, cryptocurrency is perceived as the next financial frontier. Developments like President Joe Biden's desire to explore a digital US dollar to multimillion-dollar Super Bowl ads underscore a growing desire from powerful government and corporate institutions to quickly legitimize crypto in much the same way as stocks and bonds. But it's worth considering whether cryptocurrency is a smart investment for you... especially in light of the current downturn and the ever-present potential for a major crash. Gerry Walsh, senior vice president of investor education at the Financial Industry Regulatory Authority, said “Cryptocurrency is one of those categories of investing that doesn't have those traditional investor protections. They're outside the realm of securities trading. It's an area that's in flux, as far as regulations go.” Professionals have warned that investors shouldn't invest more than they can afford to lose into crypto, with few safeguards, 24 | January, 2023 | www.ciolookindia.com 25 | January, 2023 | www.ciolookindia.com

Convenient Employee Payments uncertain dicey nature, plenty of pitfalls and a spotty track record. its technology fails, it will pay back up to the amount the users are eligible for, which depends on the level of protection the wallet users opted. Having to handle payroll for a huge team of employees spread across many different parts of the globe can be a massive challenge for remote team organizations. The hassle to convert dollars into several international currencies to pay the employees, is time consuming and challenging. With cryptocurrency, instant transactions across borders with minimal-to-no fees are now a reality. Since Bitcoin transactions are public, all parties can view the transaction details and immediately know the status. Cutting out banks saves both the employer and employee money and can be a big win-win for the workforce. However, the cryptocurrency is a new and unexplored avenue which cannot be ‘bracketed’ immediately. It needs to be given time to evolve and a study about it is being made worldwide. So before adding crypto to in the portfolio, these five key aspects need to consider before beginning. There is a lot to be done and expected in the evolving world of cryptocurrencies. Neither Coincover, nor Breach Insurance can prevent the accounts from being attacked by spammers or hackers. Investing in Cryptocurrency Evaluating the Risks in Cryptocurrency The experts point to the fact that many investors might think of buying crypto due to dip in prices, be well aware of the fact that there is no guarantee that the market will rise. From the beginning, one should make up the mindset that it offers no protection whatsoever for the investments in cryptocurrency. This is because the virtual currency is basically driven by hype and influence making it unpredictable and extremely volatile. Transparent Crowd Funding The simplest way in trying in the crypto market is using US dollars using the popular exchange like FTX, Binance or Coinbase. Through limited functionality and higher fee structure, some well-known apps like CashApp, PayPal and Venmo enable in the purchase and sale of cryptocurrency. Basic official identification formalities may require the users to furnish their personal and financial information. On setting up of the account, minimum trade amount that can be done on Binance is $15 and $2 on Coinbase respectively. Fundraising can be easily done easily with people preferring online transactions as they are accountable and transparent. The dedicated blockchain wallet will have the total amount of donations open to public. Similarly, fees to third-party agencies or platforms can be eliminated without sacrificing the donor’s trust. The hype-flashers actively influence through the smart- looking YouTube videos, TikTok shorts and tweets that tout the latest coin, however the unpredictable sudden crash drowns all the adrenaline spike that had been created through attractive series of campaigns. - Kedar Borgaonkar Researchers advice to be on the lookout for the possible crypto scams. The pump and dump scheme that is often adopted in which scammers encourage people to buy a certain token, causing its value to surge. As the prices rise, the scammers quickly sell out, often pushing the price down for everyone else. These scams are prominent, and have taken in more than $2.8 billion in crypto in 2021. Tesla’s Bitcoin Connection Elon Musk, the world-renowned Tesla chief, invested $1.5 Billion into Bitcoin. Tesla has also announced that customers can now buy their vehicles using Bitcoin. This has taken the Bitcoin further higher and making a large number of business entrepreneurs to consider Bitcoin as an alternative currency of international trade transactions. From the US government's current policy perspective, the crypto investors are on their own. Similar to the bank accounts, the government offers no deposit protection for crypto, which may undergo changes following Biden's March executive order, which directed government agencies to investigate the risks and potential benefits of digital assets. Acceptance from Global Platforms PayPal one of the pioneers in ushering in digital transactions, has a history of promoting and simplifying transactions across borders within minutes, has been quick to support cryptocurrency. PayPal has extended the ability for people to both buy and make transactions with cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Two of the biggest platforms of Mastercard and VISA for making payments worldwide have both publicly endorsed the use of Bitcoin. Breach Insurance, one company that offers insurance to cryptocurrency, with a Crypto Shield offering that promises to cover your accounts from hacks. Another company, Coincover, provides theft protection, which alerts the user in case of any suspicious activity in their account. Coincover maintains an insurance-backed guarantee that if 26 | January, 2023 | www.ciolookindia.com 27 | January, 2023 | www.ciolookindia.com

Best of 5 Blockchain Companies-2023 Sir, please describe Xenon Labs in detail. Trinity Secure - is the world's first two-factor authentication (2FA) system for custodial wallets. It provides an additional layer of safety for people across the world who do not have cold storage or hardware wallets. Xenon Xenon Labs Multi-Chain Web 3.0 platform allows users to create Web 3.0 products in just three steps and in three minutes that too without writing a single line of code. Users of Xenon Labs products can create Web 3.0 applications without writing a single line of code, thanks to their no- code approach. Helium by Xenon Labs - The Helium toolset from Xenon Labs helps brands and initiatives automate day-to-day community management and pre- and post-marketing activities. Community managers do not need to check proofs to confirm that a user belongs to a certain DAO or not with the DAO Proof Verification tool. Labs Everyone can access the Web 3.0 ecosystem and it can reach up to a huge number of people if it can be created without code. Therefore, Xenon Labs creates products that make it possible for people to create Web 3.0 applications without writing a single line of code. The company's goal is to build a more secure, user-friendly, and accessible ecosystem. As of now, Xenon labs have the following products and supports eight Blockchains. Users can therefore select the product they want to build, as well as the blockchain on which they want it to develop. Fostering Innova?ve Digital Solu?ons via No Code Web 3.0 Supermint API - All developers can make their own products using Supermint API. Supermint provides the infrastructure required by projects to create any type of solution. This not only gives developers freedom from handling all blockchain technological interactions but also enables them to be creative in their approach. Supermint API is a great tool for developers in a variety of circum- stances, including creating NFT tickets, creating phygital items, and managing them. Sagar Pratap Joisar Founder Xenon Labs X Xenon Labs Launchpad - makes it simple for companies to develop their own NFT assortment. Every project can produce its own collection in just three steps and in just three minutes using Xenon Labs Launchpad. Users do not even need to write a single line of code to create a mint page using the Launchpad. With just three minutes, you can create NFT Projects with Xenon Labs Launchpad. enon Labs’ Founder, Sagar Pratap Joisar, an engineer from the Mumbai branch of K.J. Somaiya University, began his career as a content writer and digital marketer for an adventure travel firm. He finally decided to start his own digital marketing firm when the sector boomed in India. He established Boundless Digital Solutions in 2017, which has since been rebranded as Xenon Group. It provides a one-stop solution for brands and businesses as they expand digitally into the internet world. What was your inspiration behind venturing into the Blockchain niche? It’s always been one of the most fascinating topics to discuss with everyone. Blockchain has the ability to create a more transparent world where we don’t rely on Big Tech companies. We are all fascinated by Blockchain when we discuss it. Xenon Labs Marketplace - Brands and individuals can create their own NFT marketplaces using Xenon Labs' Marketplace platform. With this plug-and-play solution, they don't have to write code to create an NFT marketplace. Brands can even create their own NFT marketplaces like Opensea or Magic Eden. They can even create their own Phygital e-commerce store, where they can convert their physical goods into digital ones. With Web 3.0, users are able to own a piece of the internet in a unique way. Users have the power to become share- holders, which makes the company’s duty to customers more serious. A company’s ability to create a community of dedicated brand advocates and believers is also enabled. The company has worked incessantly to assist firms in expanding their business for the past two years. It has come a long way since then. It is now a collection of companies working in multiple fields, ranging from India to abroad. Their newest venture is Web 3.0 - Xenon Labs is a No Code Web 3.0 startup, that helps new-age businesses and startups. Xenon Labs has customers and clients in four countries and is growing daily. Xenon Labs Staking - Projects and brands can establish a staking platform for their NFT holders by using Xenon Labs Staking Platforms so that their users can earn rewards in addition to staking their NFTs. The users can be rewarded in the form of the project’s or brand’s native token to create an ecosystem of utility around the token that will consequently boost its value. Users not only act as customers but also as advocates, investors, and decision-makers about the future of the company in this new era. Everyone around the world should be able to understand their target audience and customers a little better and provide products that their community wants rather than coming up with something very different from it. Sagar's journey has surely been inspiring for everyone, and it shows that you cannot be stopped if your goal is to assist others. The following companies are now part of Xenon groups: Xenon Labs, Xenon Technologies, Xenon Media, Xenon Digital, Xenon Distributions, and Xenon Finance. Greyfell - is a platform product that has a lot of things in it. As of today, Greyfell Cryptocoin Creator, Greyfell Swap, and Greyfell Analytica are included in Greyfell. Each of the subclasses of tools has its own function and can be used by almost anyone. The community can not only contribute to the development, but it can also help reach a very wide audience base and supplement your marketing efforts. Web 3.0 has the capabilities that we want to give to every company. Sagar’s exclusive interview with CIOLOOKINDIA is highlighted here. 28 | January, 2023 | www.ciolookindia.com 29 | January, 2023 | www.ciolookindia.com

Xenon Labs Mul?-Chain Web 3.0 pla?orm allows users to create Web 3.0 products in just three steps and in three minutes that too without wri?ng a single line of code. have a chance to invest in them during their early phases. Developers may also get a better understanding of the crypto and NFT world using GreyFell Analytica, our tool. At present, developers may use SuperMint API and develop their Web 3.0 products immediately. How do you plan to embrace the changes happening in your industry? What are the USPs that highlight Xenon Labs as a leading name in Blockchain SolutionsIndustry? We must adapt to changes as we journey because the industry is constantly evolving. We must remain committed to our missions and not panic when we see things happening around us. It is not that we do nothing about them or ignore them, but we continuously monitor the world and learn from the mistakes of others while expanding our technology with new solutions and enhanced products, we strive to make them more trustworthy and effective. Our aim at Xenon Labs is to enable the ecosystem to reach a diverse range of audiences through our efforts. We hope to provide our users with complex products. Web 3.0 is our mission to make it secure, user-friendly, and accessible to everyone. We follow a three-step philosophy to accomplish this: Web 3.0 in three minutes without coding for free with every product we create. It's easy. What were the initial challenges after venturing into the field of Blockchain and what are the challenges now? How do you overcome them? What would be your advice to the aspirants who are willing to venture into the field of Blockchain? Rather than focusing on theoretical knowledge, we advise all those seeking to enter the blockchain space to concen- trate on practical applications. We recommend that they build their own application or deploy a simple smart contract to mint tokens or something else. Because blockchain provides complete transparency, it’s easy to observe an applicant's on-chain activities, and most firms will consider them when hiring. The internet of builders is what this will be, so build Dapps, build onchain activities, and experiment as much as you can rather than just reading about them. Prior to our ICO, we faced two primary dilemmas: finding experts in the blockchain field who could assist us and finding resources. We hired outside consultants and started a basic training course for the existing teams. Now, there are some excellent individuals in India and the number is growing rapidly. It's because of our philosophy of developing no-code applications for the end user that making the entire framework where only three steps are required in a no-code approach was a significant challenge for us. From day one, our workforce has been committed to bringing web 3.0 to the masses. Where do you envision Xenon Labs eventually, and what are your future goals? Our goal at Xenon Labs is to create diverse products for every type of user, from Individuals to Brands to Develop- ers to Investors. Web 3.0 will be accessible to everyone with no coding skills by creating identical products. We already have a number of products such as Launchpad, Marketplace, Staking, Helium, and Greyfell Crypto coin creator. Brands can plug and play, starting their Web 3.0 journey right away. We provide a range of products such as Trinity secure, Helium, and Greyfell Analytica. Trinity secure protects cryptocurrency wallets such as phantom by providing an extra barrier of security as well as 2FA authentication levels. We want to build an ecosystem in which investors may examine new and cutting-edge Web 3.0 ventures and 30 | January, 2023 | www.ciolookindia.com

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Best of 5 Blockchain Companies-2023

Best of 5 Blockchain Companies-2023

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