The Telangana State Information Technology, Electronics and Communication department (ITE&C) has signed an MoU (Memorandum of Understanding) with the global digital transformation provider Tech Mahindra to Launch India’s first Blockchain District in the state of Telangana.
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. Tech Mahindra as a founding member of the Blockchain district will provide platform and technology assistance to all the incubators in the the Blockchain District. Tech Mahindra will also empower accelerators to develop and solve market problems across its global customer ecosystem. Further, The Telengana ITE&C Department will provide regulatory and policy support to enable and promote Blockchain growth both in India and globally.
K T Rama Rao, IT Minister, Telangana, said on the occasion, "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”
C P Gurnani, CEO & MD, Tech Mahindra also stated, “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.”
The Blockchain District 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.