Hyd: Blockchain Impact lab launched at ISB to support & nurture innovations

Hyderabad: DLabs Incubator Association (DLabs) at the Indian School of Business (ISB), in collaboration with S&P Global, launched a world-class Blockchain Impact Lab at ISB’s campus here on Tuesday.
The two institutions have come together to address a strategic need of the hour: to support and nurture innovations in the Blockchain space, the ISB said in a release here.
Equipped with best-in-class technology, the lab will serve as a hub for the creation and dissemination of knowledge on blockchain and its impact on society.
The Lab was launched by Abhishek Tomar, Chief Data Officer, S&P Global Market Intelligence; Nilam Patel, Head of Site Operations, S&P Global, India, along with Professor Vijaya Marisetty, Lead, Blockchain Impact Lab, DLabs; Professor Bhagwan Chowdhry, Faculty Director, I-Venture @ ISB; and Saumya Kumar, Director, I-Venture @ ISB & CEO, DLabs.
“The Blockchain Impact Lab provides a learning and development environment for all stakeholders at ISB. Its purpose is to impart knowledge and create use cases that apply blockchain for enhancing societal impact,” said Prof Bhagwan .
The state-of-the-art lab is equipped with an Ethereum Virtual Machine, Hyperledger Fabric, and Multi-chain environments. It currently has four nodes, sufficient for any kind of use case testing. Students can log into the machine from anywhere, allowing the technology to be used in a wide range of setups.
Nilam Patel said, “Blockchain technology has been a game changer and a revolution. Our partnership with ISB is vital in creating a strong tech focused ecosystem that helps make a difference.
With the Blockchain Impact Lab, we are providing a platform for students, faculty, start-ups and upcoming entrepreneurs to create a significant societal impact.”
he lab will function both as a physical and virtual set-up. The classroom environment will allow stakeholders to attend blockchain training sessions and use case demonstrations, while start-ups incubated at ISB can use the facility for developing Proofs-of-Concept.
The remote setup will also allow larger groups of stakeholders from outside the ISB ecosystems to benefit from being trained through the lab. The Lab has already set a goal of supporting 500+ student innovators and start-ups in the first year alone.
The lab aims to emerge as the leading global think-tank on the Web 3.0 ecosystem in the country and facilitate collaborations between corporates, governments, and researchers for the wider applicability of blockchain technology in reaching Sustainable Development Goals.