Telangana nominated as Global Blockchain Business Council’s Ambassador to India

Telangana: Hyderabad: December 13 (HS) Conceptualized and launched with a vision to make Hyderabad as among the top 10 Blockchain Cities of the world, Blockchain District has now established its presence in the international blockchain community.

Hyderabad, the capital city of Telangana is uniquely positioned to take a leadership role in the development of blockchain technology due to the proactive approach of the government in adopting blockchain, also the presence of critical mass of industries leveraging blockchain technology, access to talent, support of entrepreneurship, and collaboration with enterprises is further accelerating the blockchain ecosystem.

Global Blockchain Business Council (GBBC) has nominated the Government of Telangana as ambassador to India. The Global Blockchain Business Council, conceived on Richard Branson’s Necker Island, is a Swiss-based non-profit organization representing one of the most impactful technologies to emerge since the internet. The organization brings together innovators and thought-leaders from over 50 countries to further adoption of blockchain technology by engaging and educating regulators, business leaders, and lawmakers on how to harness this ground-breaking technology to create more secure, equitable, and functional societies.

Jayesh Ranjan, Principal Secretary, Information Technology and Industries, Government of Telangana said that it’s indeed a step closer to our vision and is an acknowledgement of the growth of blockchain ecosystem in Hyderabad, Telangana, by the global forums.

Hyderabad’s Blockchain District had hosted the 6thinternational plenary and working group meetings of ISO TC 307. The event saw more than 140 international Blockchain experts coming together to formulate international standards in Hyderabad, paving the way for the future of Blockchain Technology.

The Blockchain District is facilitating and enabling several initiatives pertaining to blockchain technology by developing a talent pool, incubating start-ups, investing in research and development, building local communities, and more importantly developing innovative blockchain-based government solutions to help citizens. Some of the areas where the government is implementing blockchain-based solutions, include land records, securing students credentials, microfinance, anti-drug counterfeiting, peer-to-peer energy trading, and credit financing. Four use cases were officially accepted by ISO as entries from India, all of them came from Hyderabad’s Blockchain District, and are currently being implemented across various user departments of Government of Telangana.