Binance's 'Build for Bharat' Accelerator Program to Boost DeFi in India

Binance has announced the launch of 'Build for Bharat', a new hackathon and accelerator program for the DeFi ecosystem in India. The announcement arrived in a post on Binance’s official blog on August 23rd.

According to the announcement, the hackathon aspect of the new program is also sponsored by Google Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term, Matic Network, Marlin Protocol, Band Protocol, Ankr cloud infrastructure while the acceleration is sponsored by Polaris Accelerator Program.

The project is currently seeking startup companies and individual developers 'who work on Mini-Tokens, Micro Financing Products, Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term Datasets, Blockchain-AI Solutions and more'.

Crypto entrepreneurs that are working on building a proof-of-concept, developing minimal viable products (MVP), and other innovative use cases for blockchain are also encouraged to apply.

Participants in the Build for Bharat program have the possibility to receive rewards from a pool of 30,000,000+ INR. The hackathon’s winning teams “will receive an acceleration (push in terms of funding) via Polaris, along with close mentoring from leading industry experts, founders, and the Binance team itself.”

Winning teams will also gain access and support from Binance’s blockchain ecosystem, which includes Binance Chain, Binance Cloud, Binance Launchpad, Binance DEX, and more.

“India Has Been One of the Most Interesting Countries Binance Has Tapped Into.”

The new initiative represents the latest of Binance’s India-focused efforts. Binance originally acquired India-based cryptocurrency exchange WazirX last year.

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Since then, the company has launched a number of other projects, including Blockchain for India and Polaris. Blockchain for India is a joint initiative with WazirX to support the development and growth of blockchain startups in India; Polaris is a program that helps crypto-entrepreneur and startups build blockchain solutions with real-world use cases.

“India has been one of the most interesting countries Binance has tapped into,” said Changpeng Zhao (CZ), Binance’s chief executive, in the blog post announcing Build for Bharat.

“We’ve seen entrepreneurs create robust blockchain-based solutions from scratch and scale it. With the second-largest blockchain developer base in the world, India has already kickstarted the revolution of decentralization and we’re here to fuel it!”