Cedisi Partners, EmpowerEdge Ventures, and Chaincode Consulting have joined forces to launch a groundbreaking blockchain-based credential management and issuance system on the Polygon network for a leading FinTech association. This pioneering initiative is set to revolutionize the digital finance space by offering secure, transparent, and tamper-proof credentials to members, partners, and stakeholders.
The project is spearheaded by Piyush Singh, Founder of CeDISI Partners, and Sharat Chandra, Founder of EmpowerEdge Ventures, with blockchain implementation provided by Chaincode Consulting. By utilizing Polygon’s blockchain technology, the initiative aims to enhance trust and security in the FinTech sector. The new system will allow the seamless issuance of immutable and easily verifiable certificates, ensuring that members can validate their credentials with full transparency using QR code-based validation links.
Piyush Singh, Founder of CeDISI Partners, highlighted the significance of the project: “The adoption of blockchain for certificate issuance is a game-changer for the fintech industry. It will spark further discussion on mainstreaming the use of blockchain and tokenization for other financial use cases like underwriting, lending, and microfinance.”
Sharat Chandra, Founder of EmpowerEdge Ventures, added, “This initiative exemplifies our commitment to leveraging blockchain to enhance transparency and innovation in the digital finance space, laying the foundation for future use cases across the sector.”
Polygon was chosen for its scalability, low transaction costs, and robust network security, making it an ideal platform for blockchain-based certificate issuance. Chaincode Consulting ensured the system operates with top-tier security and efficiency. Notably, Chaincode Consulting recently completed blockchain projects for Indian Railways in March 2024.
Aishwary Gupta, Global Head of Payments at Polygon, commented, “We are thrilled to see a leading fintech association take the first step towards building an on-chain economy with blockchain-enabled certification.”
