Hyderabad, August 4, 2018: The Telangana State Information Technology, Electronics and Communication department (ITE&C) has joined digital transformation provider Tech Mahindra to launch India’s first Blockchain District in the state.
The announcement was made yesterday on the sidelines of the first International Blockchain Congress here.
The Blockchain District will serve as a Centre 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. It will also empower accelerators to develop and solve market problems across its global customer ecosystem. The Telengana ITE&C Department will provide regulatory and policy support to enable and promote Blockchain growth both in India and globally.
Said Telengana IT Minister, K T Rama Rao: "The 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”.
Added C P Gurnani, CEO & MD, Tech Mahindra: “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.”