ALSO READAndhra to have a Blockchain varsity Now, India's first dedicated co-working space for blockchain startups Nasscom, BRI tie-up to develop skills for blockchain adoption, deployment Ramco Systems and XinFin join forces to develop hybrid blockchain solution Bengal mulling 'blockchain' to protect records stored online
Belfrics Global, one of the fastest growing blockchain development start-ups in India, has signed an MoU with the government of Andhra Pradesh to develop blockchain-based solutions.
Belfrics Global will develop blockchain-based solutions, which will help the state government run its day-to-day affairs in a smooth and systematic manner, the company said in a statement on Wednesday.
"We are expecting a 300 per cent growth in our blockchain vertical in 2018, thanks to this MoU. In fact, we are signing similar MoUs with other state government, banking organisations and educational institutes for developing similar solutions for them," said Praveenkumar Vijayakumar, Founder and CEO of Belfrics Global.
"We will work in association with Belfrics in creating the critical manpower required for the blockchain technology industry. The government will also be more than happy to proivde the Proof of Concept for implementing blockchain technology in supply chain logistics, tender issuance and bidding. We are also excited for the launch of Belfrics Academy in association with Gitam University located in Vizag," he said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)