The blockchain ecosystem has been on a rise since its inception, and has gained its grip across the world with a rise in the number of projects on the blockchain. Among all the rivals in blockchain, Fesschain is leading the pack and is here to prove that the world is going to be a better & revolutionary place to live.
Digifinex, a top-notch exchange in the field, announced recently the super sale of Fesschain tokens in its exchange. The sale has already begun from March 1, 5:30 PM IST and the subscription period for this exchange will be till March 31. To our surprise, Fesschain tokens were sold out in less than a minute.
In the meantime, Fesschain also revealed it’s latest & updated roadmap, which including other important things, fixes the mainnet, dated in October 2020. To make things better on a ground level, Fess Army Initiative (FAI) was started by the CEO of Fesschain in Surat, on March 1, 2020.
The objective behind FAI was to augment the gain of the Fess token holders by offering them interest on their stacked tokens.
Recently in an interview with Durga Prasad Tripathi, Global CEO & Founder of Fesschain shared the details about the products & applications of Fesschain. When asked about Durga Prasad Tripathi’s language skills that he made a Chinese speak in “Hindi”, “Somewhat yes, somewhat no. It really felt great to be in a loop, and it really went well with our partner exchange. Can’t express in words, but yes, it really felt awesome”, he replied.
“You never know! I cannot confirm it at this moment. It is up to you, whether you see the glass partly filled or partly empty”, he said on Durga’s Fess vacation in Africa.
In this opportunity to interview Durga Prasad Tripathi, we gained many insights into the Fesschain platform. “Unlike other digital money transfer platforms, FassPay is a P2P platform, with the help of which, two individuals can make transactions without the need for any third-party assistance. Through blockchain, this transaction can be done securely and in an explicit manner. Not only this, the transaction cost and fees will be trivial as compared to the present working P2P platforms”, said Durga when asked about what is FessPay and how is it different from other digital money transfer platforms.
Another question that arose in our mind during the interview was how Fesschain is helpful to the Indian Economy and does it solve any structural issues. “In today’s economy, Data is the most important facet, and Indian plan makers lack the Data. Fesschain, being an AI-powered blockchain, gives you the benefit of collecting data from numerous sectors of the Indian economy. This will enable the policymakers to make the right decisions to keep the people informed and will be able to deliver precise services to the masses. In addition to this, blockchain opens ways to make things better & even more harmonised”, replied Durga.
“Now, addressing the second part of your question, Fesschain offers one of its parts for social commitments, and will aid the farmers in performing their farming activities”, he added.
“With the generous support of a real estate giant, the [email protected], Fesschain has started a blockchain hub in Noida. Firstly, it serves the purpose of delivering technical & financial support to entrepreneurs who aim to achieve a great place in the field of blockchain. Secondly, it opens up new realms of work, hence creating & bearing jobs in the Indian Economy. The purpose of the blockchain hub is to increase the adoption of blockchain in our country, which will recoup the loss of jobs in many other sectors. This will be done by creating new job opportunities in the blockchain field”, said Durga when asked to tell us something about his blockchain hub in Noida, and what purpose it serves.
We were curious to know how Fesschain is going to help the common people. Durga had a concrete answer to this. “Fesschain focuses on bringing a lot many products that are of use to the common people like, content sharing platform, market place to buy & sell the products or services, and more. Additionally, we have other bigger plans too. Think of an AI-powered shopping mall, where there is the least requirement of human assistance. This is something one of its kind. Furthermore, Fesschain will create mobile wallets that will contain Fess tokens, which can be used to pay for anything that you wish to, buy from the market”, he said.
“I think blockchain has a brilliant future in India as well as in the world. Though Indians respond timidly to such changes, I think they will soon catch up the pace with the rest of the world. In this age of technology where China has also created a policy framework on the blockchain, I don’t think India will lag behind anywhere. The government can offer better services to its citizens with the help of many of those use cases of blockchain. For example, Government can counteract the act of unlawful documentations by bestowing degree or mark-sheets directly through blockchain”, told Tripathi about the growth and development of blockchain in India, since there is no clear policy or regulation by the government.
“Anytime you wish to know more about us”, said Durga when asked about when are we going to hear next thing about Fess.
Blockchain has paved the way for many new aspects. The progress of blockchain in Indian Economy is high. Today, companies need to analyse whether stepping into the field of blockchain aligns with their business goals or not. The journey of blockchain is filled with challenges and promises both. There is still a long way to go.
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First Published: Mon, March 09 2020. 12:56 IST