You are here: Home » PTI Stories » National » News
Business Standard

Kerala Blockchain Academy launches innovation club

Press Trust of India  |  Thiruvananthapuram 

:The state-run Kerala Blockchain Academy (KBA) has launched Kerala Blockchain Academy Innovation Club (KBAIC)- 'Decentralised' India Chapter, seeking to provide global exposure to student members from across campuses joining the initiative.

A state government initiative under the Indian Institute of Information Technology and Management Kerala (IIITM-K), KBA has partnered with the University of Nicosia (UNIC) and, a blockchain-based startup from Cyprus, to launch KBAIC.

'Decentralised' is a global blockchain student network supported by UNIC, spanning multiple countries around the world.

The collaboration will help student members of KBAIC to get global exposure by seizing opportunities to work closely with the members of the Decentralised, an official statement said here.

Inaugurating KBAIC at a function at IT hub Technopark here on Saturday,Dr. Chandrasekaran Pandurangan, Professor, IIT Madras, said blockchain has triggered great enthusiasm in technology sector due to its immense possibilities.

"We must be able to tap its potential to give a new dimension to the industry. It's laudable that KBA in partnering with University of Nicosia has taken the right steps for achieving its primary goal of becoming the blockchain hub of the country," he said.

Saji Gopinath, CEO, Kerala Startup Mission,said it is a humongous step towards realising the dream of making Kerala the blockchain hub of the country or Asia or maybe the world. "This partnership can be of great benefit to students and young entrepreneurs of our state," he added.

Antonis Polemitis, CEO, University of Nicosia and Alexis Nicolaou, CEO,, and Director, Grant Thornton Blockchain (Cyprus) Limited were among those who delivered online sessions.

The collaboration with UNIC, the prestigious global university in blockchain technology, will impart further momentum to KBA's initiatives to position Kerala as the blockchain hub of Asia, so as to leverage the huge potential of this disruptive technology, the release said.

KBA also unveiled an ambitious project to set up Kerala Blockchain Academy Innovation Clubs (KBAICs) in academic institutions, jointly with Kerala Startup Mission (KSUM), it added.

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

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, September 08 2019. 11:30 IST