Internet

This female entrepreneur aims to decentralize and democratize access to the internet and financial services with the Web 3 protocol

Born and raised in Mumbai, with Bollywood as a core serial entrepreneur, based in Silicon Valley Suruchi Gupta articulates dialogue from the 2007 super hit, Om Shanti Om, to explain how she remained optimistic through various life challenges.

Agar kisi cheez ko dil se chaaho to puri kayanat usey tumse milane ki koshish mein lag jaati hai. Loosely translated, this also mirrors the famous lines of Paulo Coelho the alchemist, “And when you want something, the whole universe conspires to help you achieve it.”

Suruchi Gupta – Founder and CEO, GIANT Protocol

In 2018, when Suruchi was about to launch a new blockchain network, the crypto crash occurred, which caused her to pivot and launch the Wi-Fi room app in 2019. In 2020 when the COVID-19 pandemic hit the world, all hell broke loose.

“It all crashed in two days because we were focusing on flying as our beachhead market. We had no idea how to get over it. Everyone was just asking for a refund and revenues dropped 90%. It was like a lot of craziness,” she recalls.

Fortunately, the crypto side of things started to recover with the emergence of DeFi in the space leading to the launch of Suruchi GIANT protocol in January of this year. It was able to combine connectivity as well as financial services to make the current iteration of GIANT possible.

From hackathons to the Web 3 world

Growing up in a middle-class family, Suruchi says she was inspired a lot by the TATA group.

“It was mainly for two reasons, the most important being that it had generated this massive value for the world. At the same time, by investing a large part of its profits in the community, it was uplifting humanity,” says- she.

Suruchi relied on that inspiration and fascination to build something similar – which not only generated huge value, but also created impact.

She came to the United States in 2012 to pursue a master’s degree in computer science at Santa Clara University. She would participate in hackathons and be surprised at the limited number of women coding. Suruchi continued to do this while working at Juniper Networks, and during one of these global hackathons organized by TATA Communications, she pitched the idea of ​​Share G, a platform that allows users to share their data unused cell phones with anyone in the world. Life had come full circle.

“We were declared the winner of the global award and were incubated by them. It helped me build relationships with some of the biggest telecom operators in the world and eventually became a precursor to the GIANT protocol many years later,” she says.

In 2018, Suruchi came across blockchain and smart contracts and built Wi-Fi rooma blockchain-based project that provides secure and reliable internet connection and monetizes Wireless through mobile advertising.

Share G and WiFi Coin both led to the formation of GIANT Protocol in 2021 and its launch in January 2022.

property in the economy

The GIANT protocol (Global Internet Access Network Token) is a Web 3 protocol to decentralize and democratize access to the Internet and financial services.

Suruchi explains, “There are over 5 billion mobile phone users who spend over $2 trillion to access high-speed and mobile internet every year. By turning this bandwidth into virtual currency, GIANT provides an on-ramp to Web 3 by simply logging on. It is a simple, intuitive and convenient solution that turns our phone numbers into wallets and mobile minutes and mobile data into real value for users. »

She breaks it down in simple terms: “For example, let’s say we spend X amount per month to access the internet, we barely use it all. What GIANT allows users is that for X amount of money spent on the internet, it earns money just by using it. You get some of it back; think of it as some sort of cashback, but in this case it’s in the form of ownership in the economy.

It envisions transforming Internet connectivity into a digital asset and creating a new Web Layer 3, which will align the incentives of all parties, enabling the formation of an economic platform that is open to all, transparent and secure by design and governed. by the community.

The tokenized bandwidth platform will partner with telecommunications companies and connectivity providers in 120 countries to create a decentralized connectivity economy, allowing anyone with a mobile phone to participate. Essentially, it allows anyone with a mobile phone to access the internet and become an owner by simply going online.

Suruchi founded the company with the support of his college friend Jinesh Doshi, also from Mumbai. The duo has forged a close collaboration over the past 10 years.

The company recently announced that it has raised $5 million in a seed funding round led by pioneering blockchain-focused investment firm, CoinFund.

The protocol is in advanced stages of development and has hired a world-class team with previous stints at companies like Juniper, Salesforce, Roku, Mobile365 and others with a collective background in telecommunications, security and technology big public.

GIANT Protocol’s immediate goals are to launch it on the mainnet, scale the team, and announce its partnership with telcos.