ChatWise, new social media platform, to be launched in India on April 17

Delhi: World’s first social media network, ChatWise, is to be jointly launched in the UK and India on April 17. The app was developed in the tech hub of Cambridge, UK by British Indian promoters.

ChatWise is designed with an aim to prioritise user safety by implementing strict measures to combat bots, misinformation, and malicious activity. All users join as ‘private’ accounts and only by submitting identification, can they post publicly. This aims to enhance online safety, disincentivise malicious behaviour, and eliminate the presence of bots commonly found on other social media platforms like Facebook, Instagram, and others.

Gagan Gulati, Co-founder of ChatWise, said, “As a society, we are not ready for AI and deep-fake with people posting anything hidden behind fake accounts. ChatWise is taking the world to a slightly different direction. With advancements in technology, it takes less than 1 minute to verify a user, then why not do it to protect our democracy and society? ChatWise will be a people-owned company and will do what is best for our children. We will only be satisfied when we can comfortably see our own children using ChatWise, that’s the bar we have set.”

First 10 lakh users will all receive shares in the company by undertaking basic tasks, allowing them to build wealth as the company's market cap grows. In a future IPO, these early users will already have received free pre-allotted company shares.

Josh Gulati, who is a Chartered Accountant, said, “Facebook users in India create an immense amount of wealth by scrolling through social media pages. But that wealth is siphoned off to company shareholders in the US. Facebook/Meta shares are now collectively worth over Rs 100 lakh crores (nearly five times the value of Reliance industries!), but this wealth stays in the US, even though Indian users create much of it with India being Facebook’s biggest and fastest growing market. Chatwise aims to turn that tide by giving company shares back to people.”