Tech Mahindra to open groundbreaking blockchain district in India

By Ben Mouncer
Tech Mahindra hopes to make India the 'blockchain capital of the world' after announcing its plans to create a major new hubin Telangana. The so-called...

Tech Mahindra hopes to make India the 'blockchain capital of the world' after announcing its plans to create a major new hub in Telangana.

The so-called 'blockchain district' will be a centre of excellence for the development of distributed ledger technology (DLT), built around innovative infrastructure and facilities to foster growth of Indian blockchain startups and companies.

Tech Mahindra, one of the biggest IT service providers globally, has signed a Memorandum of Understanding (MoU) the Telangana State Information Technology, Electronics and Communication department. It will provide platform and technology assistance to all the incubators in the the designated region.

See also:

The Telengana ITE&C department will provide regulatory and policy support to enable and promote blockchain growth both in India and globally.

"The launch of the blockchain district is a moment in history, a global talent hub which can unlock the value of blockchain technology in democratizing data and solving big scale world problems," said C P Gurnani, CEO & MD, Tech Mahindra. "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."

IT Minister, K T Rama Rao, added: "With support from Tech Mahindra, we envision to set a global benchmark in providing cutting-edge blockchain technology solutions and platforms across industries. It is not just a proud moment for Telangana but India as a global leader in the digital era."


Featured Articles

6G: Predictions for the network of the future

With cloud-based technology enabling higher speeds and microsecond latency, experts predict 6G will transform the world. The next generation is coming

Blockchain in space could take tokens and NFTs into orbit

SpaceChain says its latest mission to the International Space Station via a SpaceX rocket blazes a trail for off-planet, high-speed blockchain processing

ICYMI: Top 10 DevSecOps tools and cut-price animal robots

A week is a long time in tech, so here are some of Technology Magazine’s most popular articles which have been starting conversations around the world

Altered Egos: Digital twins hold up a mirror for machines

Digital Transformation

Blockchain technology puts paid to US energy data attacks

Cloud & Cybersecurity

Cybersecurity response costs up in light of new cloud risks

Cloud & Cybersecurity