The Government of Telangana has launched India’s first Blockchain district. The Blockchain District will be a Center of Excellence for Blockchain, an incubator for technology and process development with innovative infrastructure and facilities to foster growth of Indian blockchain start-ups and companies.
For the same, a Memorandum of Understanding has been signed with Tech Mahindra who will provide platform and technology assistance to all the incubators in the the Blockchain District.
It will also empower accelerators to develop and solve market problems across its global customer ecosystem. Further, The Telengana ITE&CD epartment will provide regulatory and policy support to enable and promote Blockchain growth both in India and globally.
“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 Telangana’s IT Minister, K T Rama Rao.
It will provide an opportunity for the Blockchain ecosystem in India to collaborate and work towards building a Blockchain District in the State of Telangana and transforming India as the Blockchain capital of the world.