Indian State Telangana to Partner with Blockchain Startups, Tim Draper Comes to the State

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Fri, 07/27/2018 - 10:52
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    An Indian state to sign MoUs with DLT firms to “Blockchainize” government services

Cover image via U.Today

One of the Indian states, Telangana, has recently announced its intentions to sign memorandums of understanding (MoUs) with several Blockchain-focused startups during the upcoming Blockchain Congress in order to utilize the technology of distributed network (DLT) for state applications.

Why Blockchain?

State officials commented that the goal of this move is to turn services offered by the government to the public more transparent and more efficient. Still, during the press conference, they were not specific as to which exactly services are to be improved by the planned Blockchain implementations.

Big DLT meeting

The International Blockchain Congress is to occur in the capital of Telangana on Aug. 3-4. Several thousand participants plan to attend, including more than 80 speakers, including the US investor and billionaire Tim Draper, famous for supporting crypto assets.

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Governments taking to Blockchain

Indian state and municipal authorities have been showing great interest in embracing DLT in order to improve the security and efficiency of their work. A few days ago, the government of Catalonia, Spain, announced their intention to ensure the use of DLT in all areas of municipal administration and implement it by late 2018.

Earlier in July, one of the Saudi Arabia municipalities joined efforts with IBM to create a plan for improving the municipal services provision and transaction making by means of DLT. This will be done as part of the Saudi Vision 2030 program selected by the local government.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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