This bootstrapped startup is helping blockchain developers on-board users for their decentralised apps - YourStory
The Singapore-registered startup uses meta transactions to help end users adopt dApps with ease. Its platform comes with a software-development kit (SDK) and a dashboard.Founded by Aniket Jindal, Ahmed Al-Balaghi, and Sachin Tomar in March 2019, Biconomy aims to make the adoption of dApps as simple as that of conventional apps.What the startup doesBiconomy follows a ‘meta transaction’ system.
The dApp developer, in turn, pays Biconomy via Ethereum or other payment modes, for the app being used by their users.The advantage is a smoother UX for the user of dApps, the adoption of which, admittedly, is at snail's pace due to many entry barriers. With the six-member team geographically dispersed across India (Delhi) and the UAE (Dubai), daily calls on tech and strategy ensure progress and planning for the lean startup.The efficiency of our working dynamic is partly because we had worked together on other projects, Aniket says.What Biconomy does differentlyThe concept of dApp is fairly new, with a few well-known examples being Augur, a prediction and forecasting market platform, or Blockstack, which helps developers build dApps.Though in its nascent stage, its potential cannot be ignored as it ensures power does not remain in the hands of a few powerful corporations and internet companies.
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