The launch of T-Block is a step in continuation of Telangana Government’s endeavour to make Telangana as the ‘Blockchain Capital of the World’.
Tech Mahindra has launched T- Block Accelerator, the inaugural accelerator program for the Telangana Blockchain District in partnership with Government of Telangana and IBC Media, an innovation management company. The launch event was organized at Tech Mahindra Infocity Campus in Hyderabad and was well represented by government dignitaries, blockchain startups, educational institutes and members from the developer community.
The launch of T-Block is a step in continuation of Telangana Government’s endeavour to make Telangana as the ‘Blockchain Capital of the World’. A Memorandum of Understanding (MoU) had been signed between the Government of Telangana and Tech Mahindra to this effect in 2018. This initiative is aimed at startups that have a strong blockchain use-case; thereby accelerating the start-up growth and therein contributing to the growth of the overall industry.
Through this initiative, Tech Mahindra, will enable creation of an ecosystem which will empower startups to solve tough business problems for clients across diverse industry verticals. The Telangana Government will help provide the required regulatory framework to enable and promote Blockchain growth.
“As part of our TechMNxt charter, we at Tech Mahindra have been bullish in our efforts to expand blockchain adoption in India and globally. Our partnership with the state government for the Telangana Blockchain District stems from our desire to build a world-class support infrastructure for blockchain startups and make Hyderabad a destination of choice among several new-age entrepreneurs and blockchain evangelists. We look forward to successfully running the T-Block Accelerator and building the public blockchain ecosystem in India,” said Rajesh Dhuddu, Global Practice Leader, Blockchain, Tech Mahindra.