India Will Build a Blockchain-quarter

The authorities of the Indian state of Telangana and Tech Mahindra have signed a memorandum of understanding with the aim of launching the country’s first blockchain-quarter.

According to Economic Times, the blockchain district will be located in the state capital – Hyderabad. The government intends to create a center for the development of new technologies and an incubator for Indian blockchain startups.

Business24 News Inc reports that the state government will be responsible for the construction of the new district’s infrastructure, as well as providing political and regulatory support for the blockchain launch.
In turn, Tech Mahindra will provide technological support to residents of the district. According to the company, they are also developing the Eleven01 blockchain platform for local startups.

The IT giant Tech Mahindra also works with foreign blockchain startups offering solutions for the Indian market.
Earlier, the neighboring state of Telingana in Andhra Pradesh signed an agreement with a fund to begin the development of an ecosystem based on blockchain within the framework of the Vinag Valley Fintech Valley initiative.
In June, the government of the Indian state of Kerala began to consider using blockchain technology to manage food supply chains.

At the same time, Andhra Pradesh and Telingana are studying the use of blockchain technology for the digital processing of land registers.