Blockchain

Cartesi and Avail Announce Strategic Integration to Advance Web3 Development

New York, New York, July 2nd, 2024, Chainwire

Cartesi, a modular execution layer protocol that equips developers with access to a full Linux environment, and Avail, a modular blockchain framework designed to unify web3 and optimize data availability (DA) for scalable and customizable applications, are pleased to announce a close collaboration set to significantly advance web3 development.

This integration will offer a seamless and intuitive experience for developers by leveraging Cartesi’s RISC-V Linux-based execution capabilities and Avail’s reliable data availability solution, Avail DA. The user-friendly approach will simplify the complexities of decentralized application development, enabling faster and more efficient project deployment.

The modular stack allows both protocols to combine their unique properties, resulting in a robust protocol that is more powerful compared to monolithic stacks where all functionalities are integrated. In this sense, the Cartesi-Avail integration will enable developers to benefit from the increased computational power and flexible programming environment of the Cartesi stack, while also utilizing the enhanced data availability capabilities of Avail DA.

“By combining Cartesi’s cutting-edge RISC-V Linux-based execution with Avail DA, we are setting a new standard in the ease and efficiency of protocol development. This partnership empowers developers to overcome traditional barriers, accelerating innovation and the deployment of next-generation decentralized applications. We are thrilled to enable this leap forward in web3 development,” said Anurag Arjun, Co-Founder of Avail.

The collaboration between Cartesi and Avail marks a significant milestone in the web3 space. A dedicated data availability layer ensures critical transaction data remains available and verifiable while significantly reducing the costs associated with on-chain data availability. This makes dApps more affordable and accessible, while reliable data availability is crucial for the execution layer to perform transactions and execute contracts seamlessly. 

“The Cartesi-Avail integration brings into reality a powerful infrastructure for new possibilities and use cases in web3. This is exciting for us and a breath of fresh air for the industry,” said Erick de Moura, Co-Founder of Cartesi.

This partnership is expected to drive the creation of a more robust and versatile ecosystem, particularly benefiting gaming and DeFi verticals, empowering developers to experiment and innovate without being hindered by the limitations of current infrastructure.

Cartesi equips developers with access to a full Linux environment through its native virtual machine, and high-performance rollups designed to support next-generation dApps. By bridging the gap between traditional software and blockchain, Cartesi enables developers to create more sophisticated and scalable dApps with ease. Avail DA offers secure data availability guarantees for entire networks of blockchains, enabling them to scale efficiently and in an unlimited capacity. Using validity proofs with data availability sampling provides robust security and enhanced scalability for blockchain applications. 

About Cartesi: 

Cartesi is a powerful modular blockchain protocol that supercharges the web3 space. Cartesi equips developers with access to a full Linux environment through its native virtual machine, and high-performance rollups designed to support next-generation dApps. To learn more about Cartesi, users can visit https://cartesi.io/

About Avail:

Avail is led by Polygon’s former co-founder Anurag Arjun and is building a unification layer to solve rollup fragmentation at scale. Avail addresses this from first principles solving blockchain scalability with Avail DA, a foundational DA layer which implements the same technology planned for Ethereum’s danksharding roadmap, including KZG Commitments and Data Availability Sampling (DAS). Avail Nexus addresses growing fragmentation concerns with permissionless interoperability, leveraging proof aggregation on Avail’s scalable DA layer. Avail’s security is then reinforced with multi-asset staking through Avail Fusion.

availproject.org

Users can learn more about Avail on Discord, Twitter, GitHub, Our Blog

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India Embedded Finance Business and Investment Opportunities Databook 2024, Featuring Innovations from Flipkart, Myntra, Ola Money and Practo

2024-10-01T16:03:42Z

Dublin, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The "India Embedded Finance Business and Investment Opportunities Databook Q2 2024 Update" report has been added to ResearchAndMarkets.com's offering.

India's embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 37.8% from 2024 to 2029. India's embedded finance revenues will increase from US$5.75 billion in 2024 to reach US$28.6 billion by 2029.

The embedded finance sector in India is undergoing rapid transformation propelled by technological adoption and a shift toward integrated financial services. Noteworthy advancements encompass innovations in e-commerce lending, micro-insurance, and healthcare financing, underpinned by strategic partnerships and a conducive regulatory landscape. These ongoing trends are poised to yield further progress and deeper assimilation of financial solutions into everyday transactions, thereby enriching consumer convenience and accessibility.



Growth in the Embedded Finance Sector

Over the past few months, embedded finance in India has seen substantial growth, particularly in areas such as digital payments, credit solutions, and insurance integration, driven by the increasing adoption of technology and a shift towards online financial services.

In the next few months, we expect continued momentum with more financial product and service innovations. E-commerce platforms are integrating financial solutions to enhance customer experience, reflecting a broader shift in consumer engagement with financial services towards convenience and integration into daily transactions.

Product Launches and Innovations

  • E-commerce Lending Solutions: Major platforms like Flipkart and Myntra have introduced embedded lending options at checkout. These options allow customers to utilize Buy Now, Pay Later (BNPL) services, which enable them to split payments into manageable installments.
  • Micro-Insurance Products: Ola Money has recently rolled out a new feature - micro-insurance coverage for cab rides. This service offers immediate protection for passengers during their journeys, aiming to enhance customer safety and convenience.
  • Healthcare Financing: Practo has integrated embedded lending solutions that allow patients to finance medical bills or insurance premiums, thereby improving access to essential healthcare services for individuals with varying income levels.

Strategic Partnerships

  • E-commerce and Fintech Collaborations: Major e-commerce platforms like Flipkart and Myntra have partnered with non-banking financial companies (NBFCs) to embed lending solutions at checkout. This allows customers to utilize Buy Now, Pay Later (BNPL) options, facilitating easier payment processes and increasing conversion rates for merchants.
  • Ride-Hailing and Insurance Integration: Ola Money has partnered with insurance providers to offer micro-insurance products directly in its app. This will provide passengers with immediate coverage during rides, making it easier and safer for customers. The partnership will help increase the use of insurance in the mobility sector.
  • Healthcare Financing Solutions: Practo has partnered with financial institutions to offer lending options embedded in healthcare services. This aims to improve access to healthcare for people with different income levels.

Regulatory Changes

  • Supportive Regulatory Environment: The Indian government and regulatory bodies, like the Reserve Bank of India (RBI), have made it easier for fintech and embedded finance to grow. The RBI Regulatory Sandbox allows companies to test new financial products and services.
  • Financial Inclusion Efforts: The government's focus on financial inclusion has been a key driver for the growth of embedded finance. Schemes like the Pradhan Mantri Jan Dhan Yojana (PMJDY), which aims to provide universal access to banking facilities, have laid the foundation for the expansion of financial services.
  • Open Banking Initiatives: Open banking regulations in India enable secure data sharing with third-party providers, fostering innovative financial products and services and creating opportunities for embedded finance solutions.

This report offers a comprehensive, data-centric analysis of the embedded finance industry. It covers lending, insurance, payment, wealth and asset-based finance sectors and provides a detailed breakdown of market opportunities and risks across various sectors. With over 75+ KPIs at the country level, this report ensures a thorough understanding of embedded finance market dynamics, market size, and forecast.

It breaks down market opportunities by type of business model, consumer segment, and distribution model. In addition, it provides detailed information across various segments in each sector of embedded finance. KPI revenue helps in getting an in-depth understanding of end market dynamics.

Reasons to buy

  • In-depth Understanding of Embedded Finance Market Dynamics: Understand market opportunities and key trends along with forecast (2020-2029).
  • Insights into Opportunity by end-use sectors - Get market dynamics by end-use sectors to assess emerging opportunity across various end-use sectors.
  • Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate embedded finance strategy; assess market specific key trends, drivers, and risks in the industry.
  • Get Sector Insights: Drawing from proprietary survey results, this report identifies opportunities across embedded lending, embedded insurance, embedded finance, and embedded wealth sectors.

Key Attributes:

Report AttributeDetails
No. of Pages130
Forecast Period2024 - 2029
Estimated Market Value (USD) in 2024$5.8 Billion
Forecasted Market Value (USD) by 2029$28.6 Billion
Compound Annual Growth Rate37.8%
Regions CoveredIndia



Key Topics Covered:

India Embedded Finance Industry Market Size and Forecast

India Embedded Finance Industry Market Size and Forecast by End Use Industry

  • Retail
  • Logistics
  • Telecommunications
  • Manufacturing
  • Consumer Health
  • Other Segments

India Embedded Finance Industry Market Size and Forecast by Business Model

  • Platform
  • Enabler
  • Regulatory Entity

India Embedded Finance Industry Market Size and Forecast by Distribution Model

  • Own Platforms
  • Third Party Platforms

India Embedded Insurance Industry Revenue Trend Analysis, 2020-2029

India Embedded Insurance Industry Market Size and Forecast by End Use Industry

  • Consumer Products
  • Travel & Hospitality
  • Automotive
  • Healthcare
  • Real Estate
  • Transport & Logistics
  • Other

India Embedded Insurance Industry Market Size and Forecast by Consumer Segment

  • B2B Insurance
  • B2C Insurance

India Embedded Insurance Industry Market Size and Forecast by Type of Offering

  • Product Based Insurance
  • Service Based Insurance

India Embedded Insurance Industry Market Size and Forecast by Business Model

  • By Platform
  • By Enabler
  • By Regulatory Entity

India Embedded Insurance Industry Market Size and Forecast by Distribution Model

  • By Own Platforms
  • By Third Party Platforms

India Embedded Insurance Industry Market Size and Forecast by Distribution Channel

  • Embedded Sales
  • Bancassurance
  • Brokers/IFA's
  • Tied Agents

India Embedded Insurance Industry Market Size and Forecast by Type of Insurance

  • Life Insurance
  • Non-Life Insurance

India Embedded Insurance Industry Market Size and Forecast by Non-Life Insurance

  • Motor Vehicle Insurance
  • Fire & Property Damage
  • Accident & Health
  • General Liability
  • Marine, Aviation & Other Transport
  • Other

India Embedded Lending Industry Market Size and Forecast, 2020-2029

India Embedded Lending Industry Market Size and Forecast by Consumer Segment

  • Business Lending
  • Consumer Lending

India Embedded Lending Industry Market Size and Forecast by Business to Business (B2B) Sectors

  • Retail & Consumer Goods Lending
  • IT & Software Services
  • Transport & Logistics
  • Manufacturing & Distribution
  • Real Estate
  • Other

India Embedded Lending Industry Market Size and Forecast by Business to Consumer (B2C) Sectors

  • Retail & Consumer Goods Lending
  • Home Improvement
  • Leisure & Entertainment
  • Healthcare & Wellness
  • Education
  • Automotive
  • Financial Services
  • Other

India Embedded Lending Industry Market Size and Forecast by Type of Lending

  • BNPL Lending
  • POS Lending
  • Personal Loans

India Embedded Lending Industry Market Size and Forecast by Business Model

  • By Platform
  • By Enabler
  • By Regulatory Entity

India Embedded Lending Industry Market Size and Forecast by Distribution Model

  • By Own Platforms
  • By Third Party Platforms

India Embedded Payment Industry Market Size and Forecast, 2020-2029

India Embedded Payment Industry Market Size and Forecast by End Use Segment

  • Retail & Consumer Goods Lending
  • Digital Products & Services
  • Utility Bill Payment
  • Travel & Hospitality
  • Leisure & Entertainment
  • Health & Wellness
  • Office Supplies & Equipment
  • Other

India Embedded Payment Industry Market Size and Forecast by Consumer Segment

  • B2B Payment
  • B2C Payment

India Embedded Payment Industry Market Size and Forecast by Business Model

  • By Platform
  • By Enabler
  • By Regulatory Entity

India Embedded Payment Industry Market Size and Forecast by Distribution Model

  • By Own Platforms
  • By Third Party Platforms

India Embedded Wealth Management Industry Market Size and Forecast, 2020-2029

India Asset Based Finance Management Industry Market Size and Forecast, 2020-2029

India Asset Based Finance Industry Market Size and Forecast by Type of Assets

  • By Soft Assets
  • By Hard Assets

India Asset Based Finance Industry Market Size and Forecast by End User

  • By SME
  • By Large Enterprises

For more information about this report visit https://www.researchandmarkets.com/r/ca2ef8

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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