Indian State Telangana Govt Launches Blockchain Accelerator With Tech Mahindra

    The IT arm of Mahindra Group and the Telangana government have closed a partnership and aims to launch a blockchain accelerator that will be a model for future accelerators in India.

    The T-Block accelerator will foster blockchain startups that know how to use the technology in the real world and contribute to the growth of the industry. It will be run by the innovation management company IBC Media, which is the same firm that developed the Memorandum of Understanding (MoU) signed by Tech Mahindra and the Telangana government in 2018.

    The MoU to Make India the World’s Blockchain Capital

    The MoU aims to make Telangana the world’s blockchain capital. The state’s capital, Hyderabad, is supposed to be the center of all blockchain activities and to have everything running through the Telangana Blockchain District. The accelerator has registration open ever since the beginning of February. It’s supposed to involve a boot camp lasting 1 week and 4-week intensive training.

    The Telangana Blockchain District Fosters Industry Players

    The Telangana Blockchain District seems the ideal ecosystem for research institutes and blockchain startups, since it offers substantial benefits and concessions such as financial grants, cloud storage subsidies sponsored by the state and even tax relief. It also has a specialized policy for the creation of educational initiatives, a regulatory sandbox and an R&D institute. Besides, the newly launched accelerator’s way seems to be paved here. Telangana signed other MoUs with blockchain companies so that the blockchain technology is implemented in state applications.

    India’s Crypto Industry Waiting on Supreme Court Hearings

    Meanwhile, decentralized private cryptocurrencies have an uncertain future in India, as the local industry is waiting on hearings from the Supreme Court. The case involves the Reserve Bank of India (RBI) imposing a ban on banks that deal with crypto firms, ban that has been in effect since July 2018.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Oana Ularu
    Oana Ularu
    Curious about what’s going on with all the money in the world, Oana is bringing you the latest news in the crypto world. She’s aware of the fact that you need to know everything that’s happening on the financial scene in order to play the cryptocurrency market, so you can count on her to share with you every little detail on what matters.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    IOHK Reboots Byron Codebase, A Big Step Towards Cardano's Shelley Blockchain Upgrade

    IOHK Team has released a statement that the Byron upgrade is now complete. As per a press release, the upgrade will allow a seamless...

    Bitwise Plans To Target Retail Investors With Its Crypto Index Fund

    Bitwise has revealed that plans are underway to allow the retail market to participate in its large-cap index service. According to CoinDesk, Bitwise is working...

    Binance's Educational Platform Opens Up Government Approved Office in Shanghai

    Binance, one of the most popular crypto exchanges in the crypto-verse which also has many subsidiaries including Binance Academy (a blockchain and crypto-centred educational...

    XRP Trying to Retrace Months of Underperformance But Remains in a “Corrective” Structure

    XRP is up 12.5% but could still jump another 23%, A clean break above $0.21 would be “very bullish” Ripple granted an exemption...

    23k BTC on CME Futures and 50k BTC in Options Expiring Today

    Bitcoin is currently down 0.05% in the past 24 hours trading around $6,640 after hitting $6,872 last night, yet again rejected at $7,000 level....

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.