In Conversation with Preetam Rao, Co-founder & CEO
QuillHash is a blockchain studio based in India and leads the adoption of blockchain technology worldwide.
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Updated November 2026. This was first published on 21 November 2022. The idea is the same. Any number below is what the original piece said then. It is not a new count. This is a record of a conversation from that day. No new quotes were added.
Key takeaways
- QuillHash is a blockchain studio based in India and leads the adoption of blockchain technology worldwide.
- It offers private and public blockchain platform solutions, blockchain security audits, smart contracts development, and tokenization solutions.
- Preetam Rao is the co-founder & CEO of QuillHash technologies, one of the leading blockchain development & consulting company.
Making Defi and NFT platforms more secure #
QuillHash is a blockchain studio based in India and leads the adoption of blockchain technology worldwide. It offers private and public blockchain platform solutions, blockchain security audits, smart contracts development, and tokenization solutions.
Preetam Rao is the co-founder & CEO of QuillHash technologies, one of the leading blockchain development & consulting company. He has extensively worked on new blockchain projects worldwide. He has previously worked with Times Group, one of the largest media groups in India.
- Could you tell us about QuillHash? What exactly do you have to offer?
QuillHash is an emerging leader in the adoption of blockchain technology globally. We explore and build products based on disruptive technologies such as Blockchain, Machine Learning, Artificial Intelligence, and the Internet of Things.
We help scale traditional businesses become more efficient, streamlined, creative and innovative by assisting them in realizing the potential of the latest technologies.
How important is it to have a strong team during the initial days?
My journey began five years ago when I came across a Bitcoin whitepaper and got fascinated by the idea of decentralized disruption. After that, I decided to quit my job and started working full time on this, thus began QuillHash.
Teamwork is an essential component that helps solve problems. Collaboration & brainstorming within a group can help solve challenging problems and provide the team with creative ways of handling issues and come up with solutions.
3. What are the ways in which businesses could use cryptocurrencies apart from payment met #
Apart from being a highly efficient means of payment, cryptocurrencies can also be used to - safely store values for lending and borrowing and asset tokenization in the form of NFTs. In the gaming industry, it also paved the way for decentralized storage created through the use of blockchain. In such a system, anyone can rent out their free storage space using cryptocurrencies.
Can you share your thoughts on how decentralized finance will transform mainstream finance?
DeFi, as a radically decentralized technology, has a great disruptive potential, hampered in the short term by technical limitations and lack of understanding.
Transaction banking based on DeFi boosts the existing trend where services are automatized, financial management relies more on technology, workflow management, and risk arbitrage for credit opportunities. DeFi does value addition in terms of permissionless access with a huge emphasis on interoperability.
Using decentralized technology, you launched QuillTrace in the times of Covid for patient tracking.
The proposed blockchain solution was designed to accommodate three different stakeholder perspectives — Patients, Hospitals, and Government. Essentially, they all are looking and generating insights from the same data, often called a single source of truth.
For PatientsPatients can use it to monitor home quarantine. It can also be extended to self-report symptoms to the nearest hospitals/government authorities. For Hospitals/DoctorsHospitals can use it to monitor patients admitted for facility quarantine. For Government**Governments can use the data updated by individual patients under home quarantine or the hospitals conducting facility-based quarantines.
6. Do you assist companies while switching to a decentralized network? How? #
Taking steps toward decentralization can produce major results when a company opts for the right level of decentralization to carry out its operations.
I assist companies stepping into decentralized markets to make quick decisions & to overcome- implementational changes.
7. According to reports, 25% of businesses are estimated to have been victims of cryptojac #
Although it’s laborious to find out when your computer system has been compromised by cryptojacking, still here are some preventative measures you can take to protect your computer and networking systems and your own crypto-assets.
Your IT team should be trained to understand and detect cryptojacking. Employees should also be familiar with cybersecurity, and they should avoid clicking on links in emails that can execute cryptojacking code. Use Anti-Crypto Mining Extensions Use Ad-Blockers Disable JavaScript.
8. Fractionalized NFTs are becoming more common in the crypto world. What are the problems #
One of the major advantages of fractionalizing an NFT is to maintain asset liquidity.
With NFTs being sold at huge prices, digital assets have become of high value now. The disadvantage of this is that - as prices keep soaring, sales tend to slow, and gradually the market becomes illiquid.
Fractionalization could help overcome this by allowing investors with less capital to stake partial ownership of some of the items with high value.
On the other hand, fractionalization starts to raise a number of questions, such as people who are participating in the purchase through fractionalization ultimately functioning like an ‘investment syndicate’ where they’re expecting a return on their investment.
The concern is that NFTs are high-risk assets. F-NFTs are tokens based on those high-risk assets, making them even more volatile.
9. QuillAudits was recently named as the top 3 auditors of DeFi audits by DefiYield Apps. #
When we started to audit smart contracts, the numbers of audits concluded were in single digit for the first few months. But gradually, we have gained momentum, and at present, we have completed more than 300 smart contract audits and secured $15B.
In the last few years, we have successfully built authenticity and trust for our diversified portfolio of clients worldwide. In our journey, we have gained our clients’ trust and have partnered with various renowned platforms and launchpads such as Unicrypt, Pathfund, Kross Chain, and more.
10. Many claims that crypto will gradually take over the world and replace fiat currency. #
I believe that digital assets would be a strong alternative to replace fiat in the next five to ten years.
In fact, in a recent survey by Deloitte, various participating the people involved see a positive benefit to their businesses from a range of assets -such as stablecoins and central bank digital currencies, or CBDCs; algorithm-derived stablecoins; and enterprise-controlled coins.
Also, a recent survey by crypto experts with 54% penalists agreeing to “hyperbitcoinization” — the moment that Bitcoin overtakes global finance — will happen by 2050.
11. Could you tell us something about your future goals? #
In the near future, we will be focusing more on QuillAudits. We are planning to launch more features so that clients can easily manage their smart contracts.
They go through proper smart contract analytics and set the monitoring alerts for any suspicious transactions so that it will be a full-fledged cybersecurity sort of solution for the blockchain products.
12. What are the major challenges you face and what are the possible solutions? #
When you are working in such a dynamic industry & thriving to make things better, challenges become a part of your routine.
As this industry is still in its nascent phase, sometimes we find it hard to onboard experienced & competitive blockchain developers and smart contract auditors. When you’re working on critical projects where valuations over millions are at stake, we cannot afford to compromise with any of the parameters associated with the project.
Hence, we follow a very rigid process to hire blockchain developers as well as smart contract auditors. Apart from that, we keep our team abreast with the latest happenings around the blockchain so that they can incorporate those findings while carrying out smart contract audits.
Questions and answers #
11. Could you tell us something about your future goals? #
In the near future, we will be focusing more on QuillAudits. We are planning to launch more features so that clients can easily manage their smart contracts.
12. What are the major challenges you face and what are the possible solutions? #
When you are working in such a dynamic industry & thriving to make things better, challenges become a part of your routine. As this industry is still in its nascent phase, sometimes we find it hard to onboard experienced & competitive blockchain developers and smart contract auditors.