Featured, India

Telangana Becomes First Indian State To Collaborate With Blockchain Companies

Blockchain has finally found a way to the Indian government agencies with the recent memorandum of understanding (MoU) signed between Indian state Telangana and various firms. It was officially announced by the government spokesperson yesterday at the press conference of the premiere edition of the International Blockchain Congress. The objective of the collaboration is to implement and develop the encryption based technology in their organizations. In the first phase of the project, it will be implemented in 6 government applications.

According to Coin Telegraph, it is stated that Telangana IT Secretary Jayesh Ranjan mentioned that they are planning to implement blockchain in their state services. However, he did not provide details of what area or services will be chosen for the deployment. He further stated that the idea behind is to bring in more transparency and efficiency in the public service systems.

The International Blockchain Congress In Hyderabad

The inaugural edition of International Blockchain Congress is scheduled for August 3 & 4 at, Novotel & HICC Complex, Hyderabad. The mega show will be attended by eminent guests of the blockchain fraternity and industry experts. This event focuses on the technology transformation in India and promoting it as a global hub of the encryption based network.

It is alleged that about 3,000 participants will join the event that will feature about 80 speakers including government officials and U.S. billionaire tech investor and founder of DFJ Ventures Tim Draper. Other guests include Min Kim (CEO of ICON Foundation), CP Gurnani (CEO Tech Mahindra), KT Rama Rao (IT Minister, Telangana) and many more.

This gathering is one of its first kinds of event in this field. This is definitely a positive news for the crypto enthusiasts as the entire cryptocurrency is based on this platform. Hopefully, a better blockchain network will make the digital currency acceptance more feasible in future.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Neha graduated in Electronic Media and has worked with Times group for 3 years with an overall experience of 6 years. She is passionate about learning languages and is a certified French Language Expert and IELTS Trainer. Neha writes breaking cryptocurrency news stories for OWLT Market.

Leave a Comment

Your email address will not be published. Required fields are marked *