Indian State to Boost Local Blockchain Ecosystem With Mentorships, Events
The Government of Andhra Pradesh, India, wants to build a block-start-up community in the region.
The Andhra Pradesh Innovation Society (APIS) has partnered with the Eleven01 Foundation to develop a talented pool of talent and support start-ups with emerging technologies. Eleven01 provides a native block chain protocol.
According to the press release, APIS is in charge of developing an "outstanding technology startup ecosystem." The partnership therefore uses events, activities, and mentoring programs to "motivate new employees in the state" and "develop their communities."
In the statement, J.A. Chowdary, IT Advisor and Special Chief Secretary of the Andhra Pradesh Secretary said, "I sincerely appreciate the work of the Eleven01 team and we are pleased to work with them to bring advanced development and innovation in the field of block chains. . condition."
Ramachandran Iyer, President and Chief Product Officer of Eleven01 Foundation, commented on Chowdary's comments:
"We are visualizing India as being a blockchain-hub, where the support of the state goes to the stage of achieving it. Together, we have the best block- And contribute to innovation in the state. "
Eleven01's block chain protocol was developed in collaboration with Indian IT services company Tech Mahindra. The platform was announced in August and aims to strengthen the block-chain ecosystem in this country.
Wednesday 's move is just the latest effort by the Andhra Pradesh government' s latest block – Earlier this year, the provincial government signed a Memorandum of Understanding (MOU) with the Covalent Fund to start a Block Chain ecosystem and establish a block-chain university with an initial investment of $ 10 million.
In October last year, the state hired ChromaWay as a land registry pilot to track ownership using block chains.
Image via Shutterstock
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