Authorities of Indian state Telangana in cooperation with large educational institutions are going to launch startups incubator T-Block to support young cryptocurrency projects, as bitcoindoubler2x.com has got to know.
According to Rama Devi, regional director of IT, electronics and communications, the initiative will be joined by Hyderabad International Institute of Information Technology and Indian Business School. Devi has also added that the blockchain startups accelerator will be created supported by IT-giant Tech Mahindra.
As for today they have already designed 12 scenarios of blockchain applying, that will solve current problems of citizens. Startups that have become participants in T-Block will undergo weekly training. After this, within a month they will have to go through a professional training program under the guidance of experienced professionals, working at blockchain and cryptocurrency sphere.
Despite the fact that recently, cryptocurrency companies have begun to leave India due to the proposed bill on the prohibition of digital assets and mining, recently the country’s authorities have begun to actively study the potential of the blockchain and are already developing a national strategy for using technology in various industries.
Besides, last month National Institute of Intelligent Management (NISG) supporting by Indian government published the document about the strategy for creating a digital Indian rupee on a managed blockchain.