Meet the ‘Google of blockchain’
Built by a team of blockchain and database engineers, financial analysts, and data scientists, Canada-based startup Covalent brings transparency and visibility to billions of data points on assets across blockchain networks.
While working as a cancer researcher in the pharmaceutical industry, it took Ganesh Swami up to five years to get pharma products to the market. Looking at his peers building tech products faster, he shifted to the Big Data industry and realised that blockchain technology was gaining prominence.
"There was a need for middleware connecting the blockchain world to existing infrastructure. This inspired us to launch Covalent,” Ganesh says
The startup looks to solve infrastructure problems inhibiting blockchain adoption by bridging the world of centralised databases with the new world of distributed blockchain technologies. It provides a unified API bringing visibility to billions of blockchain data points.
With Covalent, Ganesh aims to index the entire universe of blockchains and continually add new data and information. Till date, the startup has indexed billions of rich blockchain transactions, including every transaction since genesis for over 12 top blockchains.
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News & Updates
- Bengaluru-based tech startup Algorithmic Biologics has received regulatory approvals to launch its COVID-19 testing method that can help scale up testing at half the prevailing cost and one-tenth of the time.
- As many as 170 industry associations have joined hands to form the All India Council of Association of MSMEs (AICA) in order to deal with issues of the sector hit hard by the COVID-19 pandemic.
- Companies that have a market capitalisation of more than Rs 1 lakh crore at the time of listing can now sell just five percent of their shares, as the Department of Economic Affairs under the finance ministry has amended the Securities Contracts (Regulation) Rules.
- India will share the development story of Co-WIN with more than 20 countries that have shown interest in adopting the portal to run their own COVID-19 vaccination programmes.
- Standard Chartered committed Rs 20 crore towards community initiatives aimed at fighting COVID-19 in the country. The initiatives from the bank and its global business services unit will include setting up dedicated healthcare centres and putting oxygen generator plants.
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“Some countries remain sceptical about blockchain technology. Covalent can help bring transparency and visibility to financial transactions and address the problem.”