Blockchain

Future group Rs 100 crore lab to promote blockchain

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With an aim to promote blockchain technology, India’s leading retail company Future Group, has launched the Future Consumer and Digital (C&D) Lab in Bengaluru at a cost of Rs 100 crore.

This lab will bring together blockchain technology companies working on innovations, artificial intelligence, big data analytics, Internet of Things, robotics and allied technologies. The lab will provide these companies with a ready access to test, experiment, and prototype their technologies across Future Group’s brand and retail platforms.

“The Future C&D Lab is aimed at co-creating next generation technologies for the consumer space in India. We are creating an open environment of collaboration with some of the best young Indian minds who are working with new technologies to create solutions that can impact the retail space over the next couple of years,” said Founder and CEO of Future Group, Kishore Biyani in conversation with The Econotimes.com

The Director of Future Group, Vivek Biyani will lead the lab and will make use of Accelerator Fund that will take care of the operations, technology development and IPR creation by the teams working at the lab.

The lab will comprise a team of technologists, engineers, data scientists, designers and consumer specialists. Working on those initiatives that influence consumer experiences in areas including payments, unique consumer identification, and development, the lab also plans to conduct hackathons and open workshops, among other events.

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