Snapper Technologies - Transforming the Business Ecosystem through Blockchain Technology

Financial institutions globally have started harnessing Blockchain concepts as they are gradually recognizing it as a potentially disruptive technology. This is a technology of trust and makes the transactions transparent and secure. Embracing this technology will allow these institutions to seamlessly connect with the new businesses and the financial ecosystem. But being at nascent stage and with the scarcity of experienced professionals, these institutions remain hesitant on basing their mission-critical business activities on such technologies. Additionally, the financial institutions need to scout for the right vendor to deliver robust and scalable solutions. Building POCs along with the clients, Snapper Tech with their deep industry expertise is working on futuristic products and platforms using Blockchain technology. “Snapper is working across BFSI (Banking, Financial services and Insurance) and E-Governance in a focused way. We have built many use cases and POCs across these sectors.” stated Naresh Jain and Prashant Surana, Co-Founders, Snapper Tech. They strongly believe that blockchain is another revolution like internet and we will see a different world driven by mutual trust in the coming decades.

With focus on technology and innovation, the Snapper team is investing huge amount of time and efforts in understanding the business problems and developing POCs to solve those problems using blockchain technology. Snapper with their skilled team of professionals and advisory board assures a secured system to prevent frauds, a major concern for all financial institutions and governments. The company also believes that the benefits of Blockchain go beyond the financial services industry and have the ability to transform other industry verticals.

Using blockchain technology, producers can directly reach to consumers, transparency and trust can be brought in the system, and secured data can be made available in real time to stakeholders without manipulation and duplicity. Blockchain can help in system automation by getting rid of the intermediaries and bringing efficiency, thus having a huge impact on the society.

Snapper team recently presented a live demo on Land Registration in a two-day Blockchain Business Conference, organised by Fintech Valley, Vizag. This event was inaugurated by Andhra Pradesh Chief Minister, N. Chandrababu Naidu and attended by more 500 delegates specialising in fintech and blockchain from 25 countries. AP Government is targeting to use this technology for e-governance in the state. Mr. Nara Lokesh, Hon’IT minister of AP in his meeting with the Snapper team was quite appreciative and wants to conduct a pilot in the state. This solution developed by Snapper Tech has a potential of conflict free, transparent, accurate and secured property records; fully automated ownership transfer process and end-to-end ecosystem. It will enable banks to get trusted data on real time basis, thus helping in financing the good assets and avoid fraudulent transactions. Snapper is partnering with leading banks to achieve these goals.

Continually endeavouring to innovate and offer best-in-class services, Snapper envisions taking the Blockchain technology in the mass robotics arena using Artificial Intelligence and make the company global.