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Blockchain District in Hyderabad

Source: inc42.com

Read Time: 1 minutes

Similar to the concept of Vizag Fintech Valley which was announced by the Andhra Pradesh Chief Minister Chandra Babu Naidu in August 2017, Telangana government has now launched a Blockchain District in Hyderabad, Telangana.

Tech Mahindra is a founding member of the Blockchain district. It will provide platform and technology assistance to all the incubators in the Blockchain District.

Here is what Blockchain District will be?

  • A Center of Excellence for Blockchain,
  • An incubator for technology and process development
  • Will have innovative infrastructure and facilities to foster growth of Indian blockchain startups and companies.

Commenting on the development, IT Minister, KT Rama Rao, stated, “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”.

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