The government of Southern Indian State
Telangana is collaborating with a major IT firm to establish a district
exclusive to blockchain startups in the state’s capital city.
The Telangana State Information Technology,
Electronics and Communication Department (ITE&C) has signed a memorandum of
understanding (MoU) with IT services giant Tech Mahindra to establish what is
being hailed as ‘India’s first Blockchain District’.
The Blockchain District will function as an
incubator for domestic blockchain startups and companies to develop real-world
applications of the decentralised technology. The state government has agreed
to provide regulatory and policy support for companies and startups in the
sector to promote the integration of blockchain technology.
Tech Mahindra has also announced it will
launch a major blockchain project in the district, the Eleven01 Protocol, aimed
at delivering a government-compliant platform for startups to build
decentralised applications ‘capable of performing over 10,000 transactions a
second’.
The blockchain district is part of a growing
list of initiatives taken by Telangana to further blockchain technology. In
2017, Telangana and the neighbouring state of Andhra Pradesh began developing
early pilots to record their land registries on a blockchain. State officials
in Telangana are using blockchain technology to bring transparency and mitigate
fraud within government bodies.
The Andhra Pradesh government is also a
member of the Enterprise Ethereum Alliance, a working group of companies and
organisations looking to leverage open-source Ethereum technology for
enterprise applications.
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Source: http://www.theindiansun.com.au/2018/08/07/telangana-launches-countrys-first-blockchain-district/
