Telangana To Set Up Blockchain Incubator Soon

Telangana government has once again taken a step ahead to increase the scope of technology and induce technical growth in the state. This time the government is planning to set up a blockchain incubator in partnership with some of the premiere educational institutes in the city such as IIIT-Hyderabad as well as Indian School of Business.

The news was announced by Rama Devi, a senior official in the IT&C Department of the state government on Monday.“We have developed 12 use cases wherein blockchain technology can be used to solve some of the issues faced by citizens…in the coming days we are coming up with multiple initiatives such as setting up incubators,” Devi said.

The government recently launched T-Block, a blockchain accelerator in partnership with industrial giant Tech Mahindra. Meanwhile, the registrations for the T-Block Accelerator have been opened from February 3 which will be followed by a one-week boot camp and a four-week-long training program.

Startups have been encouraging the program and out of the 25 startups selected for the Phase 1 of the program, about 5 will be selected for the Phase 2 who will then get a chance to test their idea in the market apart from getting funding and ability to work with Tech Mahindra, Microsoft’s blockchain team.