Bitcoin

The Indian state government is working with blockchain companies to drive technological growth

T-Block, a blockchain accelerator program specifically directed by the Indian government The state government of Telangana and Tech Mahindra have partnered with blockchain companies Matic Network, Harmony and Aeternity to support the growth of blockchain startups across the state.

Local news agency Telangana Today reported on May 7 that the three blockchain platforms will support startups based in Telangana at work A “real blockchain use case” with its blockchain solutions.

Technical support at all levels

T-Block’s collaboration with the companies mentioned above is intended to support startups at all levels of product development and implementation. Indian startups that can develop innovative solutions will secure a place in the four-month intensive training. There they receive direct technical and financial support from the three blockchain platforms.

The Indian state government is working with blockchain companies to drive technological growth
The Indian state government is working with blockchain companies to drive technological growth

Jaynti Kanani, CEO and co-founder of Matic Network, said: “In addition to advising startups, our internal experts will join the jury to select startups that move to the next level of acceleration and help with financial grants to help startups on their way.”

Matic Network is supposed to help startups create decentralized applications in the blockchain, while Aeternity was founded by the “Godfather of Ethereum”. Yanislav Malahov helps you create smart contracts for your decentralized applications. Telangana’s partnership with Harmony is designed to help local fintech startups experiment with digital assets.

In addition to using technology, the Accelerator program also plans to offer support to startups in Europe to bring their ideas to market.

Rama Devi Lanka, director of the Telangana government for blockchain initiatives and new technologies, said:

“As the first government-led blockchain accelerator, this partnership is real evidence of how a synergy between the government agency and private actors can help innovators on their business trips and help create incredible opportunities, scale, and create startups.”

Similar Posts