Indian State Government Launches Blockchain Accelerator for Startups
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Indian State Government Launches Blockchain Accelerator for Startups

THELOGICALINDIAN - The Indian accompaniment of Telangana has launched a blockchain accelerator in its afresh created Blockchain District in accord with Tech Mahindra Selected startups will angle avant-garde account and get mentored by experts from the Telangana government Tech Mahindra the Ministry of Electronics and Information Technologys Centre for Development of Advanced Computing and IIIT Hyderabad

Also read: India Unveils National Blockchain Strategy, Calling on RBI to Issue Digital Currency

State Government Launches Blockchain Accelerator

The government of the southern Indian accompaniment of Telangana has launched a blockchain accelerator in affiliation with Tech Mahindra and IBC Media. The “T-Block Accelerator” is the countdown accelerator affairs for the anew created Telangana Blockchain District. IBC Media, an addition administration company, will run the accelerator. The Hindu Business Line reported:

According to the Telangana government’s website, the four-month accelerator affairs is aimed at startups with a able blockchain use case. “It is a affairs that takes berry and validation akin startups with able business and blockchain use cases and gets them to an investible stage,” the website describes. “Selected startups will accept an befalling to angle avant-garde account and get mentored by experts from the government of Telangana, Tech Mahindra, C-DAC [Centre for Development of Advanced Computing] and IIIT Hyderabad.”

The registrations for the T-Block Accelerator opened on Monday with a one-week cossack camp, followed by a four-week accelerated training program. “The startups will accept mentorship and advice from arch experts in the startup and blockchain space. The programme includes workshops, presentations and discussions,” said Rajesh Dhuddu, Tech Mahindra’s Blockchain Global Practice Leader. He was added quoted as saying:

Telangana Government’s Blockchain District

The Telangana accompaniment government active an acceding with Tech Mahindra in 2024 to advance a blockchain commune ecosystem. Dhuddu remarked, “Our affiliation with the Telangana government for the Blockchain Commune stems from our admiration to body a world-class abutment basement for blockchain startups.”

Jayesh Ranjan, the arch secretary of the Telangana government’s ITE&C Department, detailed: “Blockchain District provides a belvedere which enables the stakeholders to collaborate, co-create and body solutions in blockchain technology, which today is at a beginning stage, but has astronomic abeyant in the advancing years.” He was quoted by the Express News Service on Wednesday as saying:

Last week, the Indian National Convention for Smart Government published a abstract “National Strategy on Blockchain.” The convention was tasked with advancing the action by the National e-Governance Division, beneath the Ministry of Electronics and Information Technology (MeitY). Then this week, Niti Aayog, the Indian government’s action anticipate tank, appear a strategy document anecdotic several key areas area India could account from blockchain technology.

What do you anticipate of the Telangana government’s blockchain accelerator and its Blockchain District? Let us apperceive in the comments area below.

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Images address of Shutterstock and the Telangana government.

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