‘We offer immutability through Blockchain-based ledger’

by | Jan 23, 2018

Blockchain Insurance Platform

There are various data repositories in India that require immutability. Tampering and altering data is a problem that government departments grapple with. However, this problem can be eradicated through Blockchain-based ledgers, and one example is Zebi Chain.

Zebi Chain has been chosen by the Government of Andhra Pradesh to provide immutable security to land records of Capital Region Development Authority (APCRDA). Zebi Data is now talking to multiple state governments and central government agencies.

In an e-mail interview, Babu Munagala, Founder, MD & CEO of Zebi Data tells Digital Creed about the potential applications. He spells out the institutions and data repositories that could benefit from Zebi Chain.

Mr. Babu Munagala, Founder, MD & CEO of Zebi Data

Babu Munagala, Founder, MD & CEO of Zebi Data

DC: Can you explain the concept of Zebi Chain? How does it work? 

Babu Munagala: Zebi Chain is a proprietary lightweight satellite application installed at a data provider’s premises to provide immutability using Blockchain-based ledger. The number of nodes in the private Blockchain is configurable and integrates with Ethereum public Blockchain for 100% tamperproof protection. It can be installed on the premises of data providers such as universities, education boards, enterprises or government departments who generate, issue, update and facilitate data required by data requestors.

Zebi Data Gateway on-boards individuals and data requestors with a simple registration process. It facilitates instant data exchange through DaaS APIs by connecting to Zebi Chain instances and taking individual consent wherever appropriate.

DC: What are the intended applications and who is it targeted at? Which industries? Who will benefit from Zebi Chain?

Babu Munagala: Zebi Chain is suitable for any organisation that needs to secure their records from hacking, manipulation by malicious insiders, while enabling legitimate use of high value data.

Some of the records which can benefit from Zebi Chain are: property records, educational records, employee records, healthcare records, high value transaction records and utility records.

Industries and processes that will be transformed by Zebi Data Gateway include: land registry, educational universities, education boards, corporates (HR departments), banks; government departments with large number of public data like police records; health records, credit scoring, consumer lending, direct marketing etc.

DC: What kind of recognition has it received from the central and state governments? What are the applications at a state level?

Babu Munagala: Zebi Chain has been chosen by the Government of Andhra Pradesh to provide immutable security to land records of Capital Region Development Authority (APCRDA). We are pursuing multiple state governments and central government agencies.

Our solution can be beneficial for organisations such as Nation Skill Registry (NSR), Aadhar Database (UIDAI), University Grants Commission (UGC), CBSE Board, Central Depository Services Ltd. (CDSL), National Depository Services Ltd. (NSDL) etc.

DC: How have regulators like RBI and SEBI responded to Zebi Chain? Has it been formally accepted?

Babu Munagala: Zebi Chain doesn’t require any acceptance from RBI or SEBI, as it doesn’t change the way data is stored or used. It augments current systems and makes these much more secure and efficient to use.

DC: As per RBI’s mandate, banks must retain customer data within the national boundaries. How does Zebi chain conform?

Babu Munagala: Zebi Chain is designed to be minimally intrusive in current systems, and just augments them to provide tamper-proof records. The implementing organisation is free to host the nodes as per their requirement, and hence there is no risk of any data going out of their current setup at all.

You might also want to read:

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IBM Study: Blockchain to Recast the Future of Business

Survey: Most Finance Execs Think Blockchain and AI Will Have a Huge Impact Over the Next 10 Years

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Brian Pereira
Brian Pereira
Brian is veteran technology editor with over three decades of journalism experience. He started his career with The Indian Express in 1994 and later went on to write/report for The Times of India, BW Business World, CHIP, InformationWeek, Network Magazine and other online publications. He achieved numerous certfications during his career and keeps updating his skills and knowledge. Brian travelled to 17 countries, some of these multiple times. He met hundreds of business leaders worldwide.
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