Kerala State Promotes Development of Blockchain Technology

Asia Blockchain Review
December 23, 2019

Kerala state in India has announced that it aims to produce 20,000 graduates to enter the blockchain industry within the next two years.

Driving Blockchain Expertise in India

According to a report by Inc42, M Sivasankar, Kerala’s IT secretary, revealed that the state aims to produce 20,000 people to enter the blockchain workforce within 2021. Kerala is keen to support startups through the development of these new blockchain professionals.

At the recently-held BlockHashLive 2019 event held by the Kerala Blockchain Academy, the secretary also stated that blockchain has the potential to drive entrepreneurship in the state.

“This is a great opportunity for us to build expertise in next-generation technology and knowledge sharing,” said Sivasankar. “Blockhash Live has been a great learning platform for us. We use this platform to check what we have achieved, our learning and future footprint.”

A Booming Blockchain Industry

Meanwhile, the Blockchain Report 2019 published by the local IT industry association NASSCOM revealed that India is seeing a boom in blockchain development.

To further promote this technology, the administration is forming a strategy to encourage greater adoption of blockchain through the Ministry of Electronics and Information Technology (MeitY), which is working on an approach paper on the National Level Blockchain Framework.

The ministry has stated that blockchain technology can be implemented across multiple industries, from cybersecurity and governance to finance and banking.

Apart from Kerala, the state of Telangana also revealed that it is drafting a blockchain policy that will support blockchain startups in Hyderabad with clearer regulations and policies.

Moreover, Telangana has plans to offer financial support for blockchain research projects by funding research teams in educational institutes.

Source: https://inc42.com


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