Indian State’s Blockchain Accelerator Associates with Matic, Harmony and æternity
Earlier this week, T-Block Accelerator, the initiative of India’s Telangana state and Tech Mahindra, declared a collaboration with public blockchain firms Matic Network, Harmony, and æternity, according to a Telangana Today report. Through T-Block, the companies will support Indian startups in building and scaling blockchain use cases.
T-Block Accelerator was launched earlier this year by the Telangana government in alliance with Tech Mahindra and tech marketer IBC Media. It intends to promote the development of the Telangana Blockchain District in the state capital of Hyderabad, which is a significant center for the technology industry in the country.
Now, by onboarding new associates, T-Block will support about 25 startups with incubation and acceleration. India-based Matic Network is an Ethereum Layer 2 scaling solution that utilizes side-chains to take the part of the main chain, allowing it to be highly scalable. The company will offer its platform to startups to create decentralized applications (DApps).
On the other hand, aeternity will offer its expertise on smart contracts to scale the solution. The Harmony Protocol will assist startups in building and transacting digital assets on its platform and provide its fintech knowhow.
Through these associations, T-Block will render technical support to startups, contribute Go-To-Market support in Europe, and help get grants for each application, Telangana Today stated.
“As a part of the partnership, we will extend the Matic Network and our in-house expertise to mentor and train the participating startups. The startups will be familiarised and trained to use the platform based on their projects’ requirements,” said Jaynti Kanani, CEO, and co-founder of Matic Network, in a statement.
T-Block will soon choose startups for a one-week boot camp, accompanied by a four-month training program.
“Building synergies between all the stakeholders in this ecosystem will propel India’s blockchain revolution, and we are happy that our T-Block Accelerator is partnering with these platform protocols to strengthen this ecosystem,” said Rama Devi Lanka, Director of Emerging Technologies for the Government of Telangana, in a statement.
Telangana is a reasonably new state (formed in 2014) and is operating with Tech Mahindra for its Blockchain District. Earlier, the Telangana State Civil Supplies Corporation launched a blockchain solution for the public distribution of food grains to the poor. Andhra Pradesh, the state from which Telangana was created out of, is utilizing blockchain land records for setting up its new capital Amravati.
Meantime, the Government of Maharashtra is examining blockchain for agriculture marketing, vehicle registration, supply chain, and document management system.