Airtel Acquires Strategic Stake in Blockchain Technology Startup Aqilliz
Telecom major Bharti Airtel on Thursday announced that it has acquired a strategic stake in Aqilliz, a Blockchain-as-a-service company. Airtel aims to deploy Aqilliz’s blockchain technologies at scale across its fast-growing adtech (Airtel Ads), digital entertainment (Wynk Music and Airtel Xstream), and digital marketplace (Airtel Thanks App) offerings.
“Bharti Airtel has acquired a strategic stake in Aqilliz –a Blockchain-as-a-service company under the Airtel Startup Accelerator Program, subject to applicable statutory approvals,” the company said in a statement. It did not divulge the financial details of the deal.
Singapore-based Aqilliz has developed a patented hybrid blockchain platform, Atom, that integrates differential privacy and federated learning on a distributed digital ledger. This allows brands to create secure and consent-based solutions to engage with customers in a rapidly-evolving digital economy that’s becoming increasingly decentralised, the statement added.
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Telecom major Bharti Airtel on Thursday announced that it has acquired a strategic stake in Aqilliz, a Blockchain-as-a-service company. Airtel aims to deploy Aqilliz’s blockchain technologies at scale across its fast-growing adtech (Airtel Ads), digital entertainment (Wynk Music and Airtel Xstream), and digital marketplace (Airtel Thanks App) offerings.
“Bharti Airtel has acquired a strategic stake in Aqilliz –a Blockchain-as-a-service company under the Airtel Startup Accelerator Program, subject to applicable statutory approvals,” the company said in a statement. It did not divulge the financial details of the deal.
Singapore-based Aqilliz has developed a patented hybrid blockchain platform, Atom, that integrates differential privacy and federated learning on a distributed digital ledger. This allows brands to create secure and consent-based solutions to engage with customers in a rapidly-evolving digital economy that’s becoming increasingly decentralised, the statement added.
Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.
For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.
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