You are here: Home » News-IANS » Business-Economy
Business Standard

Belfrics Global signs MoU with Andhra on blockchain-based solutions

IANS  |  Hyderabad 

Belfrics Global, one of the fastest growing blockchain development start-ups in India, has signed an MoU with the government of to develop blockchain-based solutions.

will develop blockchain-based solutions, which will help the run its day-to-day affairs in a smooth and systematic manner, the company said in a statement on Wednesday.

The agreement is in line with the vision of to develop as a fintech hub of

"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, organisations and educational institutes for developing for them," said Praveenkumar Vijayakumar, Founder and of

J.A. Chowdary, to Chief Minister, said the welcomes to set up their development centre in Fintech Valley, Vizag.

"We will work in association with Belfrics in creating the critical manpower required for the blockchain industry. The government will also be more than happy to proivde the Proof of Concept for implementing blockchain in supply chain logistics, tender issuance and bidding. We are also excited for the launch of in association with located in Vizag," he said.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 14 2018. 16:18 IST