The state government of Telangana announced the launch of the India Blockchain Accelerator program to foster early-stage Web2 and Web3 startups and blockchain developers aimed at solving real-world challenges. The program will be launched in partnership with unicorn crypto exchange CoinSwitch Kuber and Lumos Labs, a technology innovation management firm.
In a dialogue with Cointelegraph, Rama Devi Lanka, Director Emerging Technology and Officer on Special Duty (OSD), ITE&C Department, Government of Telangana, highlighted the state’s intent to adopt blockchain projects across multiple use cases:
“Some of the interesting use cases that the state has already piloted in Blockchain include – T-Chits (Chit funds in Blockchain), Supply Chain (Seed Traceability), E-voting (Digital Voting platform built using Blockchain and AI) and more.”
According to the official announcement, the state government’s four-month blockchain accelerator initiative will be open to early-stage Web2 and Web3 startups and blockchain developers. The program seeks blockchain-based solutions for real-world problems across various business verticals, including fintech, entertainment, sustainability, infrastructure and tooling, agritech, logistics and healthcare:
“The Telangana Government will help provide the required regulatory framework to enable and promote blockchain growth.”
Lanka also disclosed the government’s ongoing efforts into identifying various use cases in nonfungible tokens (NFT), decentralized finance (DeFi) and other crypto initiatives for mainstream implementation. Acknowledging…