Bharti Airtel acquires strategic stake in blockchain technology startup Aqilliz

Bharti Airtel on Thursday announced the acquisition of a strategic stake in blockchain technology startup Aqilliz.

Singapore-based Aqilliz has developed a patented hybrid blockchain platform, Atom that integrates differential privacy and federated learning on a distributed digital ledger, Airtel said in a statement.

This allows brands to create secure and consent-based solutions to engage with customers in a rapidly evolving digital economy that’s becoming increasingly decentralised, it said.

Bharti Airtel shares were trading lower at 3.28% in early morning deals today at 681.30 apiece on NSE.

Airtel aims to deploy Aqilliz’s blockchain technologies at scale across its fast growing Adtech (Airtel Ads), digital entertainment (Wynk Music & Airtel Xstream) and digital marketplace (Airtel Thanks App) offerings.

“Blockchain technology is maturing and we see its application across areas…

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