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Tech Mahindra inks MoU with Telangana for India's first Blockchain district

Tech Mahindra as a founding member of the blockchain district will provide the platform and technology assistance to all the incubators in it

Press Trust of India  |  Hyderabad 

Blockchain
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The State Information Technology, Electronics and Communication department (ITE&C) on Friday signed an MoU with to launch India's first district.

It will be a centre of excellence, an incubator and process development for the emerging technology with innovative infrastructure and facilities to foster growth of Indian start-ups and companies, CEO and managing director CP Gurnani said at the International Congress 2018.

as a founding member of the blockchain district will provide the platform and technology assistance to all the incubators in it, he said.

Tech Mahindra will also empower accelerators to develop and solve market problems across its global customer ecosystem.

Further, the ITE&C Department will provide regulatory and policy support to enable and promote Blockchain growth both in India and globally.

The launch of the Blockchain district is a moment in history, he said adding it would be a global talent hub which can unlock the value of in democratising 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," he added.

It will provide an opportunity for the blockchain ecosystem in India to collaborate and work towards building a blockchain district in and transforming India as the blockchain capital of the world, he said.

First Published: Fri, August 03 2018. 16:30 IST
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