Photo - Spydra
61737

Spydra

India, Karnataka
Market: Financial services, Blockchain
Stage of the project: Idea or something is already done

Date of last change: 22.03.2024
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Idea

Spydra is a low code Asset Tokenization platform for Real world Assets

Current Status

We currently have 6 paying customers. One of the customers is the biggest brand in Fashion industry using our Asset Tokenisation product for tracking counterfeit in their Supply chain.
Another customer is India’s biggest fintech based organization working on creating a CBDC platform with Spydra. We are also working with top Ecommerce company in the work to provide traceability solutions for their sustainability brands. We have generated over 300K USD in the last 10 months.

Problem or Opportunity

Asset tokenization on blockchain offers businesses enhanced liquidity, reduced transaction costs, and improved security. By enabling fractional ownership of digitalized real-world assets, it democratizes access to investments, streamlines asset management, and ensures transparent, secure transactions. But Blockchain technology is complex, and many organizations lack the expertise to understand and implement it properly. This learning curve makes it challenging for businesses to adopt and integrate blockchain solutions into their existing systems.

Solution (product or service)

Spydra is revolutionizing the enterprise blockchain landscape by creating a highly customizable, low-code Asset Tokenization Platform built on public and private . Our cutting-edge solution empowers businesses to rapidly deploy scalable blockchain networks on their preferred cloud infrastructure, ensuring flexibility and seamless integration with existing systems. Spydra's platform allows customers to define and manage various asset types, establish dependencies, and configure CRUD permissions, enabling solutions across diverse sectors, including Supply Chain, Manufacturing, Pharma etc

Business model

We are a SAAS based model where customers can deploy blockchain networks in different regions across the globe. Customers can sel ect fr om different network configurations ie Small, Medium, Large based on their requirements. We will be charging them a monthly fee for the resources they will be using. Typically it will be for nodes, kubernetes clusters, kafka clusters, api gateway etc. Our margin are approximately 50% of it

Incubation/Acceleration programs accomplishment

Karnataka Elevate Program
Graviton Accelerator - First Cohort
Third Cohort of Apiary – A Centre of Entrepreneurship in Blockchain Technology
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