Indian state of Telangana will launch T-Block incubator of blockchain startups

The authorities of the Indian state of Telangana, in cooperation with major educational institutions, plan tolaunch the T-Block startup incubator to support young cryptocurrency projects.

According to the regional head of the departmentdevelopment of IT, electronics and communications Rama Devi, the initiative will be attended by the International Institute of Information Technology Hyderabad and the Indian Business School. Devi also added that the accelerator of blockchain startups will be created with the support of the Indian IT giant Tech Mahindra.

To date, 12 scenarios have already been developed.use of blockchain, which can solve the current problems of citizens. Startups that become participants in T-Block will undergo weekly training, after which they will have to complete a professional training program for a month under the guidance of experienced specialists working in the field of blockchain and cryptocurrencies.

Despite the fact that quite recently cryptocurrencyCompanies have begun to leave India due to a proposed bill banning digital assets and mining. Recently, the country's authorities have begun to actively study the potential of blockchain and are already developing a national strategy for using the technology in various industries.

In addition, last month the StateThe Institute of Intelligent Governance (NISG), with the support of the Government of India, has published a strategy paper for creating a digital Indian rupee on a governed blockchain.

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