A blockchain policy has been drafted and released by The Telangana Government. The government has also stated that this policy is supposed to be finalised and implemented in a month.
This implementation would make Telangana the first state in the country to have its own blockchain policy.
This policy aims at making Hyderabad one of the top 10 ‘Blockchain cities in the world. With this concept of turning Hyderabad into a blockchain district, the city would be able to house major technology companies that revolves around blockchain, research and development facility and a world class incubator.
A vision of developing a talent pool is the goal of this policy. It envisions Telangana Academy to provide skill and knowledge delivering courses to students.
A collaboration between the government and the industry is also expected in order to establish a training and certification agency within the state for up-skilling and re-skilling of the workforce. Subsidised rates will be applicable on office spaces for start-ups working on blockchain.
This policy would focus majorly on financial services, banking, insurance (BFSI), logistics and supply chain, public sector and pharma and Healthcare.