Bitcoin company GBMiners launches blockchain incubator in India

Rage Review : Bitcoin blockchain startup GBMiners has established a blockchain incubator in New Delhi, India, named after Satoshi Nakamoto's studio, which is the first blockchain incubator in Southeast Asia. At the same time, it solicits blockchain application initiatives from entrepreneurs in the region. The project lasts for three weeks, and entrepreneurs can have in-depth exchanges with the company's team, blockchain startups and top Bitcoin experts, and receive equity worth $50,000 in the company. The company's co-founder sees the abolition of large-denomination cash in India as an excellent opportunity for the popularization of Bitcoin.

Translation: Annie_Xu

GBMiners, the team behind Bitcoin Inc., announced the establishment of Satoshi Studios, the first blockchain incubator in South Asia.

The incubator, named after Bitcoin inventor Satoshi Nakamoto, is seeking blockchain applications from entrepreneurs in Southeast Asia.

The incubator provides entrepreneurs with a three-week accommodation and exchange program in New Delhi, India, where they can interact with the GBMiners team, blockchain startups and top Bitcoin experts; entrepreneurs can obtain 8% to 15% of the company's equity, worth US$50,000.

Amit Bhardwaj

GBMiners co-founder Amit Bhardwaj said:

“Our aim is to make New Delhi a blockchain knowledge hub in Southeast Asia.”

Blockchain is a distributed database that can permanently record transaction information and is an immutable ledger. It is often associated with Bitcoin, but no government or central bank has expressed support for Bitcoin.

Bitcoin is also known as a cryptocurrency that can be used to purchase services or goods from merchants that accept Bitcoin payments. Bhardwaj said Southeast Asia and Bitcoin applications have a symbiotic relationship.

He said that Southeast Asia is the world's largest foreign exchange receiving market, and the population of non-bank users is also the largest in the world. "The recent cancellation of the largest denomination cash in India is the best time to realize the application of Bitcoin."