Quote from: masakali on July 25, 2016, 11:00:14 AM

This is an eye wash, if they really are supporting bitcoin they can rather contribute to the bitcoin/altcoin economy in India by opening a bitcoin ATM or even accepting bitcoin for services or making bitcoin more popular in India than opening a centre on "blockchain technology"

Everyone wants a bit of the technology to make their profits, yet nobody wants to contribute to the development of the existing product that uses the technology. Mphasis is not going to overtake other companies in the field of blockchain technology and it will all be released to the public for free anyway.

Maybe they are developing "proprietary" (read: more money) technology that they can sell to some of their clients for few million dollars when the same technology will pretty much available free of cost as a open source bitcoin protocol.

The idea behind blockchain is not to register a million more IP (Intellectual properties) but rather make these overlying financial technology platforms easily accessible to the average person and at a very low cost compared to currently available banking models.

On a similar note RBI sees a use for blockchain to control accounting ledgers and black money in India. These guys never grasp what blockchain is all about, nobody using the blockchain needs RBI to control anything. Roll Eyes

The idea behind blockchain is to make incompetent organisations like RBI and banks redundant.

I wouldn't really blame Mphasis for developing blockchain expertise to further their own interests. In the end, they are a software services company. Opening a bitcoin ATM would not be in keeping with their core competence. We should look at new companies to explore possibilities in the Bitcoin world.