Belfrics Group launched its novel range of decentralized applications (dApps) for utilization spanning small businesses to large enterprises. This development was on 25 July.
Belfrics Group initiated with its credential as an international blockchain conglomerate based in Malaysia with presence in Kenya, Tanzania, Nigeria, and India. Belfrics Group conveyed that it dealt with everything blockchain, such as blockchain development and blockchain-based-product development for markets. The other areas of focus were blockchain-solution development for enterprises and blockchain consulting for businesses.
Praveenkumar Vijayakumar, Founder, and CEO of Belfrics Group cited –
“If students can avail a digitally signed and secure graduation certificate that they can carry for life, and have the same verified and authenticated directly by the university, for just under $10, it tackles all the problems we face today with fake documents, high BGC cost, longer verification time, and credibility when it comes to academic or professional credentials.”
Belfrics Group headlined that through this launch, it had introduced three new products namely CrediBel (certificate and credential issuance dapp), B-Roll (Payslip issuance dapp) and a Land Title registry dApp. Belfrics Group further added that these products would enable small businesses, large corporates, and governments to leverage the potential of blockchain technology, simply by subscribing to these dApps.
Belfrics Group briefly elaborated conveying with CrediBel, a small training institute could simply sign up, configure, and start issuing their graduation certificates on the blockchain. In similar lines, B-Roll could also be used by small companies having 10-member teams to issue their payslips on the blockchain. Belfrics Group indicated that government bodies of nations or states could integrate the land title registry dApp to manage land registrations.
In April, Belfrics Group in association with Dar Es Salaam Institute of Technology (DIT), one of the leading technology and engineering institutes in Tanzania and the East African region, today announced a joint initiative. This embrace was aimed to develop a pool of talented and skilled technology professionals for blockchain as the domain.
Belfrics Group wrapped up by informing that a detailed pilot operation is under progress with a reputed technology institute from India for CrediBel. The firm noted that dApps were a huge enabler in the present-day scenario. Belfrics Group added that the finances, resources, and time required to build anything on the blockchain technology may be overwhelming. By offering the products encompassed in a service model, Belfrics has bridged steep adversity. Belfrics Group noted that universities across geographies were engaging in discussions to embrace these products.