Ronish Baxter, CEO of Suncom Infotech is associated with IT Consulting, Managed IT & Security Services and Interactive Services for organizations in the enterprise and government sectors therefore he has to always be at par with the latest developments in the industry.
Ronish Baxter CEO, Suncom Infotech believes that all this is made possible by bringing together decades of research into cryptography, game theory, distributed computing systems to mention a few of the key building blocks.
Apart from that, Ronish Baxter said that Suncom Infotech has developed and is launching the blockchain technology platform, keeping in mind that an economic identity is essential to break loose from this poverty cycle. In the coming months, the company is going to introduce a feature in the innovative application that his company is building which would help build a vetted, recognizable identity that would be a prerequisite to participate in any form of transactions or ownerships in the global economy. The secure and established nature of the blockchain will provide a means to share sensitive data without the need to bother about the information getting altered along the way or getting lost.
We asked Ronish Baxter, CEO of Suncom Infotech for the core reason of this development to aid the poverty sector. Ronish Baxter said that it can help in many ways like:
Send aid without corruption
Economic Identity & banking
Allowing access to digitally secure and politically neutral ‘store of value’ as a means of saving
Ronish Baxter, a specialist in cryptocurrency as well as CEO of Suncom Infotech communicated that since India is trying to move towards digitalization, virtual money or cryptocurrency can really encourage India’s digitalization want. They are definitely not hard to execute, steady and hold no covered cost or accuses when differentiated of banks or other money trades.
On April 6, 2018 the Reserve Bank of India (RBI) turned out with a declaration to all components under its area that they in a flash quit offering organizations to associations or individuals related to digital currencies. The notice has been tried in the Supreme Court alongside a couple of various petitions been archived at different high courts and the outcome is depended upon to proceed July 20 once the Supreme Court proceeds after its get-away..
Cryptocurrencies can Change the Scenario
Speaking about the importance of cryptocurrencies, Ronish Baxter said, “What’s the thing that comes to mind instantly when we talk about digitalization? Of course, mobile phone connectivity, Aadhaar, Jan-Dhan accounts, etc. but how many of us think of crypto currency? Only a few maybe, but with growing popularity of this virtual currency, people in India are also slowly getting to know cryptocurrencies. It’s presently one of the most secure and independent exchange forms to trade and transact with.
Transactions at Low Cost
The best thing about cryptocurrency is that, transactions can be done from anywhere almost instantaneously. Also, transactions can be carried out at a fraction of a unit, which means that for sending money to anywhere across the globe, it would no more be a burden on the pocket.
Secure and Safe
It is a de-centralized model where data can be accessed from different computers. Thus, even if a single record is meddled with, it wouldn’t go un-noticed since the blocks are interconnected. This additionally means that, all the blocks need to be changed to get away with the crime. Whenever, a record is manipulated, its digital signature becomes void and users are immediately notified.
Cryptocurrencies are Far Reaching
Not bound by any boundaries, cryptocurrencies are surely global. This means, easy transactions and secondly, absence of 3rd party dispels any threat of an account being blocked in case, it is being misused. The owner of a cryptocurrency holds its private key and a 3rd party cannot take money away unless the private key is been lost.
Blockchain technology most effectively running over the new payment solutions like bitcoin will revolutionize the world. It has been suggested in the beginning there will always be people who will try to misuse it, however technology has always been and continue to be a double edged sword, it depends on us and the Indian government how to strike the right balance.
My name is Ronish Baxter and I am a cryptosystem expert working with CST Solutions Private Limited and CEO of Suncom Infotech. I have been part of this job for quite a few years now and it all started with my interest towards this subject from a very young age. I have always been a tech aficionado and subjects like these are my favorite. After passing college, I started self-studying about cryptosystem and eventually with the help of some friends who already had a big grasp of the subject I came to understand and started working on it. Here I will discuss about cryptosystem and its different types. Continue reading “A Basic Overview of Cryptosystem and its types by Ronish Baxter”
Ronish Baxter is an Indian entrepreneur and CEO of Suncom Infotech. He hails from New Delhi, India and has been associated with this organization since November 2011. Prior to joining this Suncom Infotech, he has been associated with some renowned cloud computing companies and has had a quite successful career in terms of both success and achievement.
Growing up in New Delhi, Ronish Baxter completed his schooling from the Shri Ram School and was even the captain of his school cricket team. From a very young age, he showed interest towards entrepreneurship and was always a very bright boy as told by his teachers. Ronish completed his business management studies from the University of Arkansas at Little Rock’s College of Business. After completing his studies, he left for India and started his entrepreneurial journey.