Telecom major Bharti Airtel on Thursday announced that it has acquired a strategic stake in Aqilliz, a 'Blockchain as a Service Company'. Airtel aims to deploy Aqilliz's blockchain technologies at scale across its fast-growing adtech (Airtel Ads), digital entertainment (Wynk Music and Airtel Xstream) and digital marketplace (Airtel Thanks App) offerings.

Share Market Live

NSE

"Bharti Airtel...has acquired a strategic stake in Aqilliz a Blockchain as a Service Company under the Airtel Startup Accelerator Program, subject to applicable statutory approvals," the company said in a statement. It did not divulge the financial details of the deal.

Also Read

| Vodafone in talks to sell 5% in Indus Towers, says will support Vi

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

First Published:Feb 24, 2022 2:12 PM IST