The Department of Electronics and Communication, Government of Telangana has signed a MoU (Memorandum of Understanding) with the Tech Mahindra to launch a concept of Blockchain District in the state. The consulting firm said that the Blockchain District will be like a Center of Excellence for Blockchain and it will function as an incubator for startups and companies. Under this agreement, Tech Mahindra will provide platform and technology assistance to all the incubators covered under this programme.
According to Tech Mahindra, while it will empower accelerators to develop and solve market problems across its global customer ecosystem, the Department of Electronics and Communication will provide regulatory and policy support to enable and promote Blockchain growth.
"Telangana government is proud to pioneer the first of its kind Blockchain District in India. With support from Tech Mahindra, we envision to set a global benchmark in providing cutting-edge Blockchain technology solutions and platforms across industries. It is not just a proud moment for Telangana but India as a global leader in the Digital Era," said IT Minister, K T Rama Rao.
C P Gurnani, CEO & MD, Tech Mahindra, said, “The launch of the Blockchain District is a moment in history, a global talent hub which can unlock the value of blockchain technology in democratizing data and solving big scale world problems. It is also a huge step in reskilling and right skilling the workforce of the Future. Blockchain experts will be our crowning jewels as together we work towards making India the Blockchain capital of the world.”For all the latest News, Follow us on Twitter and Facebook