Business
India’s First ‘Blockchain District’ Will Support Startups
Business Giant, Tech Mahindra, to Partner with a State Government to Work on Blockchain Technology
India is one of the fastest growing nations in the world with its economy now growing faster than China’s.
It has a vast number of tech industries as well, which is why it is no surprise that one of the country’s state governments is considering to introduce blockchain into the system.
This will not be the first time that a government is planning to use blockchain to streamline the system and make things more secure. We recently covered about Catalonian government’s plan to make use of blockchain technology, and now India is jumping on the bandwagon as well.
India’s First Blockchain District
Tech Mahindra, a home-grown tech giant, is joining hands with the Telangana government to provide blockchain startups with a dedicated district in the Telangana capital Hyderabad, according to a report published by Economic Times.
This will not only help blockchain find more success in the country but also push people to invest in the field.
A Memorandum of Understanding was signed between the tech giant and the state’s IT department on Friday to seal the deal.
This will be a very important opportunity for Tech Mahindra, as it will be India’s first blockchain district designed specifically to support blockchain startups.
Many say this is also India’s attempt to accelerate growth, as the country intends to strengthen all its sectors, including tech sector, which employs a large number of people and also brings a considerable amount of money to the country by exporting software abroad.
As per Inc24, the government will be responsible for providing the infrastructure and creating policies to support blockchain startups. On the other hand, Tech Mahindra will provide technological skills and expertise related to the blockchain.
Moreover, the company is also expected to come up with a blockchain platform soon, already known as the Eleven01 protocol.
The company is already working with international companies to strengthen the Indian blockchain market.
Not The First Indian State to Consider Promoting Blockchain
Andhra Pradesh, one of the country’s biggest states and Telangana’s neighbor, recently announced an initiative called Fintech Valley Vizag. The concept is designed to introduce a blockchain ecosystem to the market.
In addition to this, both these states are also working on using blockchain to improve land registry system and introduce a digital network.
India has an overall friendly posture towards blockchain, as it’s been implementing the technology in other sectors as well, such as the counterfeiting of fake drugs. The country is still waiting to hear however if the government will lift the ban on crypto trade.
Great blog post. Some tips i would like to bring about is that laptop or computer memory needs to be purchased but if your computer is unable to cope with everything you do with it. One can put in two good old ram boards with 1GB each, as an illustration, but not certainly one of 1GB and one of 2GB. One should check the maker’s documentation for the PC to make certain what type of memory space is required.
It?s in reality a great and useful piece of information. I am happy that you just shared this helpful information with us. Please stay us informed like this. Thanks for sharing.
Hey very nice site!! Man .. Excellent .. Amazing .. I’ll bookmark your website and take the feeds also…I’m happy to find numerous useful info here in the post, we need work out more techniques in this regard, thanks for sharing. . . . . .
Hey There. I found your blog using msn. This is an extremely well written article. I?ll make sure to bookmark it and come back to read more of your useful information. Thanks for the post. I will certainly return.
I needed to write you one little observation to be able to give many thanks again for all the precious suggestions you have discussed on this website. It’s strangely generous of people like you to provide freely what a few individuals might have distributed for an e-book to get some bucks on their own, even more so considering that you might well have done it if you desired. These basics additionally worked as the fantastic way to realize that some people have the same desire similar to my personal own to figure out very much more pertaining to this condition. I believe there are lots of more fun sessions ahead for those who view your site.
Whats Taking place i am new to this, I stumbled upon this I have discovered It positively useful and it has helped me out loads. I hope to give a contribution & assist different customers like its aided me. Good job.
certainly like your web site however you need to check the spelling on several of your posts. Several of them are rife with spelling issues and I find it very bothersome to inform the truth nevertheless I¦ll definitely come back again.
Thanks , I’ve just been searching for information approximately this topic for a long time and yours is the greatest I have discovered so far. However, what about the conclusion? Are you sure in regards to the supply?
Enjoyed looking through this, very good stuff, thanks. “Whenever you want to marry someone, go have lunch with his ex-wife.” by Francis William Bourdillon.
Hi, Neat post. There is a problem with your site in internet explorer, would check this… IE still is the market leader and a good portion of people will miss your excellent writing due to this problem.