- Membership in LF Decentralized Trust will help Qila build simple, cost-effective, secure solutions for enterprises
- The cooperation of Qila with theLF Decentralized Trust community will open new avenues towards testing novel technologies, adding community-driven upgrades
Mumbai, November 12, 2024: Qila, a brain-child of Siddharth Ugrankar and Vishal Malhotra, has joined Linux Foundation Decentralized Trust (LF Decentralized Trust to enhance Web3 adoption across industries. LF Decentralized Trust is a premier open source foundation for decentralized technology ecosystems. Qila’s membership will help it contribute to the community and drive adoption of Web3 among enterprises. Joining LF Decentralized Trust Will not only enhance the technological capabilities of Qila, but also contribute positively toward the foundation’s larger mission. LF Decentralized Trust is continuously working on fostering global collaborative development of a broad range of technologies and standards.
Becoming a member of LF Decentralized Trust will allow Qila to further execute its mission to allow simple, cost-effective and secure Web3 solutions for enterprises globally. Qila has already envisioned the future of business technologies – decentralization and transparency.
“Joining LF Decentralized Trust has allowed Qila to take the mission further on a much larger scale and, at the same time, build on the leadership position for enterprise Web3 solutions. This has also allowed Qila to extend its support to Hyperledger Fabric and clients/partners will enjoy the latest advancements in blockchain technology,” said Siddharth Ugrankar CEO & Co Founder Qila.
Qila’s strategy to join the foundation has also been to determine the direction in which the open-source community is heading towards and for improving the blockchain-based financial infrastructure. LF Decentralized Trust’s solid ecosystem will let Qila take the lead it has in Web3 and also garner insight/feedback from other industry DLTs. Membership will help Qila be a part of collaborative forums with other like-minded individuals and innovators and enterprising adopters of the blockchain technology. Qila will be able to collaborate closely with other LF Decentralized Trust members, be able to participate in open-source projects under development, and contribute to initiatives that are reshaping the future of decentral technologies.
Qila will further promote innovation in the blockchain area, especially in financial services and enterprise solutions. By becoming a part of LF Decentralized Trust, Qila believes that innovation and the development of sophisticated solutions for enterprise-level adoption can be achieved by engaging in the foundation’s projects and working with the world’s leading DLT experts.
By working with LF Decentralized Trust and its community, Qila will increase its market reach and raise its profile in the blockchain and Web3 industries.
The cooperation of Qila with the LF Decentralized Trust community will open new avenues towards testing novel technologies, adding community-driven upgrades, and building solutions around business needs. Through its contribution to the foundation’s open-source frameworks, Qila will now be able to have its impact on the standard developments in blockchain so that an enterprise client will get the relevant secure and compatible platform. With resources and channels for collaboration offered by LF Decentralized Trust, Qila will be capable of building upon already existing solutions, developing new ones in step with standards and technological progress. This partnership also reiterates Qila’s commitment to developing enterprise-ready blockchain solutions that are scalable, secure, and sustainable.
Qila will play an active role in the LF Decentralized Trust community, helping to shape future developments as the company aims to lead Web3 adoption across enterprises.
About Qila
Qila is a pioneering SaaS company offering infrastructure solutions for Web3 adoption, specializing in blockchain and tokenization. With offices in Mumbai, Dubai, and Chicago, Qila empowers enterprises with easy API integration platforms and innovative tools like ARK, ARK+, PrivaSea, and TreePye, driving efficiency and cost savings in cloud usage
