The Digital Lenders Association of India (DLAI), in collaboration with Chaincode Consulting LLP (CCL), has launched a blockchain-based certificate issuance platform. Built on the highly scalable and secure Polygon network, the platform sets a new benchmark for trust, transparency and operational efficiency in the digital lending industry.
The initiative aims to enhance the credibility of DLAI members by offering immutable, verifiable digital certificates. Each certificate is embedded with a unique QR code and blockchain address, ensuring instant and secure validation while strengthening the integrity of credential authentication.
Jatinder Handoo, CEO, DLAI emphasised the initiative’s alignment with the organisation’s vision of fostering innovation in FinTech. He said, “By leveraging this advanced technology, we enhance credibility and trust among our members, partners and stakeholders. This is just the beginning as we explore broader use cases within the FinTech ecosystem.”
Blockchain’s adoption for certificate issuance represents a pivotal moment for the FinTech industry. Beyond certificates, the technology holds immense potential for applications such as automating underwriting decisions, tokenising real-world assets for loans, and revolutionising microfinance and supply chain finance operations. These innovations could benefit not only India but also global financial ecosystems.
Post collaboration, Alok Gupta, Founder, Chaincode Consulting LLP, also highlighted the transformative potential of blockchain. He stated, “This initiative demonstrates how blockchain’s unmatched trust, transparency and security can redefine FinTech processes. We’re thrilled to collaborate with DLAI and believe this is just the start of numerous blockchain-powered solutions that will streamline operations and enhance trust globally.”
The choice of the Polygon network underscores the platform’s focus on scalability, security and cost efficiency, ensuring a seamless and reliable certificate issuance process.