GovBlocks is a product of Somish, India's premier blockchain venture studio. GovBlocks is a blockchain based voting solution. It is being used by Nexus Mutual, an Insurtech startup built on Ethereum to manage their DAO where members decide how the organization runs. Till date, GovBlocks has successfully onboarded over 2,000 members for Nexus Mutual with over $400mil worth of assets under management. The team is building a protocol for decentralised governance with a flexible toolkit to create governance models for dApps, creating decision-making structures for DAOs.
During the investment period, Somish will add new features such as presets and delegated voting, improve onboarding & reduce gas fees. They will integrate with decentralised exchanges and scale implementation.