Censor Black targets new 8 million jobs in MSME sector via blockchain

New Delhi: Blockchain-based financial services provider Censor Black on Monday announced it will target the creation of 8 million jobs over the next 3 years in the micro, small and medium enterprises (MSMEs) sector across the world.

The Telangana-based platform extended its financial services by providing blockchain-enabled solutions to create additional revenue sources for manufacturing SMEs by tokenizing their under-utilized assets.

Accessibility of finance is a big issue in MSMEs around the world, said Raghav Gupta, Founder of Censor Black, a collaborative Defi platform that serves investors and SME supply chains.

“Censor Black aims to solve this by promoting growth and generating employment while creating low-risk investment opportunities for everyone in the space,” he added.

Censor Black is aiming to bridge the divide among large and small enterprises by leveraging blockchain technology and enabling under-utilized resources to circulate, the company said.

By fostering the industrial growth and efficiency of MSMEs, some of the biggest issues of developing nations like India can be solved, the company believes.

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