The Telangana Government has released its draft Blockchain policy and stated that it is likely to be finalised and implemented in a month.
The finalisation would make the State the first in the country to have its own Blockchain policy.
The policy aims to catapult Hyderabad to one of the top 10 ‘Blockchain Cities’ of the world. With a conceptualisation of a Blockchain District, the city would house major blockchain technology companies, a world class incubator, and research and development facility.
The policy envisions developing a talent pool and would see Telangana Academy for Skill and Knowledge delivering blockchain courses to students.
The government would also partner with the industry to establish a training and certification agency in the State for re-skilling and up-skilling of the workforce. Office space for startups working on blockchain would be provided at subsidised rates.
The policy would entail focus on banking, financial services, and insurance (BFSI), pharma and healthcare, logistics and supply chain and public sector.
Speaking to The Hindu, Jayesh Ranjan, Principal Secretary to ITE and C Department said: “The policy will be finalised in about a month after we get feedback. We have called for, and have been receiving good feedback, from industry leaders and experts.”