Indian State Bucking a Countrywide Trend by Becoming a Blockchain TrailblazerDec 06, 2018 at 23:58
The government of South India seems to defer from the entire country’s stance on cryptocurrencies as it actively promotes the use of blockchain technology in the state.
Notably, the state of Andhra Pradesh in India is supporting the Andhra Pradesh Innovation Society (APIS) that partnered with tech firm and blockchain development company, Tech Mahindra’s Eleven01 project.
“In association with Eleven01, the organization will explore the prospects of the blockchain technology through events, activities and mentorship programs to nurture talent and develop a community. The alliance will focus on fostering the creation of the finest blockchain development ecosystem in Andhra Pradesh,” APIS said in a statement.
Notably, the effort is getting support from one of the region’s highest ministers, including the government of Andhra Prades’ IT advisor and special chief secretary to the chief minister, J A Chowdary.
“We truly appreciate what the Eleven01 team is trying to do and we are happy to associate with them to bring advanced development and innovations with regard to the blockchain realm in the state,” he expressed.
At present, the state is already using blockchain tech for keeping land records as well as vehicle titles with potential to also be utilized for other high-level partnerships including voting, civil service complaints aside from protection of whistleblowers and distribution of benefits.
“The association with the government of Andhra Pradesh is quite invaluable to our team. We visualise India to be a blockchain-hub and the support from the state here brings us a step closer to achieving that. Together, we will contribute towards the development of the best blockchain-ready talent pool and innovations in the state,” Ramachandran Iyer, Eleven01’s chief product officer, meanwhile expressed.
Just last month, the Indian government warned that it may issue a nationwide ban on the use of private cryptocurrencies as stated by the country’s Financial Stability and Development Council.