What Is India Doing in Blockchain?
So far we have heard several negative stories from media about Government of India not supporting blockchain technology. Definitely, there are few apprehensions by regulators in India about the legality of cryptocurrencies. Reserve Bank of India (RBI) and some officials from finance ministry, are specifically against cryptocurrencies to save investors from ICO scams and cryptocurrencies frauds. Due to the anonymous nature of cryptocurrencies its much easier to scam innocent investors and disappear with their hard earned money, as many similar incidents have been reported all over the world.
However, inspite of government concerns “Corporate India” is adopting Blockchain as a technology in a big way. Recently, PM Modi’s expressed his favorable views about harnessing the technological benefits of Blockchain technology. We already know Reliance Industries, the biggest Indian conglomerate is already working on implementing their own cryptocurrency.
Recently, a new entrant in this promising technology is Tech Mahindra, a well known Indian IT giant. To effectively utilize blockchain technology Tech Mahindra is already training 20 engineers for harnessing their blockchain skills in high end space research programs.
Tech Mahindra recently announced to set up a Blockchain centre within its R&D arm “Makers Lab” at its Hyderabad facility. The fundamental aim to setup research centre is to facilitate co-innovation in the space, developing enterprise grade solutions for customers across industries globally through blockchain technology.
For this purpose company is setting up a novel tech programme called “TechM BlockGeeks” at its Hyderabad R&D center to promote blockchain technology. Under the TechM BlockGeeks programme eligible candidates will be provided comprehensive training to successfully implement various blockchain protocols and create smart contracts.
This Blockchain talk of over 100 talks I delivered till date is special. It is for current batch of fAimers at @tech_mahindra – all women batch of high energy & top performers! pic.twitter.com/K2aHzYF9F0
— Rajesh Dhuddu (@rajeshdhuddu) July 7, 2018
However, this is not the end of story as Tech Mahindra is aggressive in pursuing other tech partners, who have experience in blockchain technology. Just few months back they signed strategic partnership with ChromaWay, a pioneer in Blockchain technology, to bring new solutions to Indian as well as global markets. ChromaWay has already demonstrated expertise in utilizing this innovative technology in Land registration and real estate sector.
Tech Mahindra’s new partnership with Switzerland based ChromaWay strengthens its initiative to make strategic investments in latest disruptive technologies like Blockchain. TechM BlockGeeks programme at Hyderabad is the right logical step in that direction and further supplements it’s partnership programme. Its just a matter of time, when these baby steps give them an early lead in blockchain technology, compared to other Indian IT giants.
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