As a step forward for the state’s blockchain ecosystem, the Government of Andhra Pradesh has signed a Memorandum of Understanding (MoU) with technology powerhouse ConsenSys.
Under the partnership, ConsenSys will provide strategic technical advisory services to prioritise and pilot use-cases in blockchain technology in Andhra Pradesh. The partnership aims to incubate blockchain-based innovation in the state.
The MoU also allows collaboration for land titling, supply chain, identity platform and electronic health records, among others.
On the development, Nara Lokesh, IT Minister, Government of Andhra Pradesh said, “We believe that this technology has tremendous potential to revolutionise the way governments, institutions, and corporates function and is on its course to become the new normal. The State government has already taken the lead in introducing the technology and has a vision of becoming blockchain-enabled through its digital assets by 2019.”
Also, ConsenSys along with the state government will establish an Indian cohort of ConsenSys Education. The institute will develop educational programmes focused on the technology by leveraging ConsenSys’ proprietary educational content.
Under this, the state government will help drive recruitment efforts for ConsenSys Academy across India and will also subsidise infrastructural and operational costs for the project.