Earlier this week, T-Block Accelerator, the initiative of India’s Telangana state and Tech Mahindra, announced a partnership with public blockchain firms Matic Network, Harmony and æternity, according to a Telangana Today report. Through T-Block, the companies will assist Indian startups in building and scaling blockchain use cases.
T-Block Accelerator was launched earlier this year by the Telangana government in partnership with Tech Mahindra and tech marketer IBC Media. It aims to foster the development of the Telangana Blockchain District in the state capital of Hyderabad, which is a major center for the technology industry in the country.
Now, by onboarding new partners, T-Block will help about 25 startups with incubation and acceleration. India-based Matic Network is an Ethereum Layer 2 scaling solution which uses side-chains to take the load of the main chain, enabling it to be highly scalable. The company will provide its platform to startups to build decentralized applications (DApps).
On the other hand, aeternity will provide its expertise on smart contracts to scale the solution. The Harmony Protocol will help startups create and transact digital assets on its platform and contribute its fintech knowhow.
Through these partnerships, T-Block will provide technical support to startups, provide Go-To-Market support in Europe, and help get grants for each application, Telangana Today said.
“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.
T-Block will soon select startups for a one-week boot camp, followed by a four-month training programme.
“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.
Telangana is a fairly new state (formed in 2014) and is working with Tech Mahindra for its Blockchain District. Previously, the Telangana State Civil Supplies Corporation introduced a blockchain solution for the public distribution of food grains to the poor. Andhra Pradesh, the state from which Telangana was carved out of, is using blockchain land records for setting up its new capital Amravati.
Meanwhile, the Government of Maharashtra is exploring blockchain for agriculture marketing, supply chain, vehicle registration, and document management system.
