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Andhra Pradesh, an Indian state known for its efforts in exploring applications related to blockchain, is promoting that goal with a new agreement with a local fund firm. 22.Jan.18 12:14 AM By Daria Zaytseva Photo Toinnov.com 334 | |
According to a Tweet by the state’s government, Andhra Pradesh government has signed a Memorandum of Understanding with Covalent Fund to create an ecosystem of blockchain within the souther state's Fintech Valley Vizag initiative. The state hopes to integrate blockchain platforms into official enterprises by next year, IT minister of Andhra Pradesh Nara Lokesh said. Part of the goal is to develop transparent control through blockchain. The announcement marks the last step of the seventh-largest Indian state in promoting the use of blockchain technology. Last year, the state announced a partnership with blockchain startup ChromaWay to pilot a land registry ledger and a separate partnership with WISeKey on cybersecurity to protect private data on a blockchain. |