Blockchain District Planned By Indian State Of Telanganabr>
Tech Mahindra provides information technology (IT), networking technology solutions, and business process outsourcing (BPO) to the telecommunications industry, which includes Fortune 500 companies. The company has over 117,000 employees across 90 countries.
Tech Mahindra signed a memorandum of understanding (MoU) with Telangana’s IT department to build the Blockchain District, which will be a center of excellence for blockchain, an incubator for technology and process development with infrastructure and facilities to foster growth of Indian blockchain startups and companies.
Tech Mahindra will provide platform and technology assistance to all the incubators in the Blockchain District. While the government of Telangana, the twelfth largest state and the twelfth-most populated state in India, will provide regulatory and policy support to enable and promote blockchain growth both in India and globally.
“Telangana government is proud to pioneer Blockchain District in India,” said Telangana IT Minister KT Rama Rao. “With support from Tech Mahindra, we envision to set a benchmark in providing blockchain technology solutions and platforms across industries.”
Tech Mahindra said that the Blockchain District will be a cluster of buildings which will have a lot of people from different kinds of practices.
“The Blockchain District is a global talent hub which can unlock the value of blockchain technology in democratizing data and solving large scale problems,” said Tech Mahindra CEO and MD CP Gurnani. “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.”
The announcement came after the government of Telangana revealed last month that it will be signing MoUs with blockchain firms to adopt blockchain in some government applications. Other companies and institutions that have signed an MoU the Telangana government include Nucleus Vision, Eleven01 Foundation, C-DAC, T-Hub, and IIIT-Hyderabad, among others.