Chingari’s Dr Prakash Kamaraj decodes transition from Web 2 to Web 3

Successfully navigating today’s mobile ecosystem has become imperative for marketers, especially in a constant environment of change – be it in terms of technology innovations, automation, data analytics and consumer preferences.

Delivering a keynote address at the 6th edition of MOBEXX Summit & Awards 2022, Dr Prakash Kamaraj, Lead AI and Blockchain Architect at Chingari, shared his insights on the transition from Web 2 to Web 3.

Kamaraj started the session by addressing the challenges faced and opportunities received during the Web 2 to Web 3 transition. While explaining about the world of web, he gave a detailed description of what Web3 is.

He further shared Chingari’s story in Web3, “In traditional big tech companies you spend a lot, but you don’t always get a good return. But in our firm, you spend and you get a good return that has always been the goal of Chingari since day one. Our only challenge is how to make our product simple to use for our customers. A lot of our consumers don’t actually know what crypto or blockchain is.”

Talking more about the journey, Kamaraj highlighted the mining program of crypto led by Chingari. He shared some stats for better clarity, “Our daily mining program is of 50,000 tokens, 250m total reserve for a 14 year cycle.” According to the statistics presented, there has been a rapid increase in users leading to a large captive Web 3 native user base.

Citing the success stories of Chingari, he mentioned, “We have reached our highest active users and this is because we keep our users first.” Going ahead with the session, he shared certain challenges in the blockchain world, “The biggest problem in the blockchain world is working in the infrastructure level, but there are not a lot of standard product examples and the product has shaped in GARI Web3 Stack.”

Talking about GARI Web3 Stack, he mentioned, “These are tangible rewards, wherein you can see real money is earned from the platform. There is no other platform where you can do it with regards to the market condition. There is always a revenue path: ability to accrue revenue from a loyal user base. Lastly, sustainable growth irrespective of bull/ bear.”

Further, he spoke about their latest product launch, ‘Gari Web3 Stack’, and also about the Chingari mining story, that is, “GARI mining success story”.

There are edited excerpts. For the complete address, please watch below:

https://www.youtube.com/watch?v=Y0oU2GW4T9M