The partnership seeks to incubate an innovation ecosystem for blockchain technology in Andhra Pradesh.

AP govt signs MoU with New York-based ConsenSys to boost Blockchain adoption in state
Atom Blockchain Tuesday, March 06, 2018 - 15:35

The Government of Andhra Pradesh has signed a Memorandum of Understanding (MoU) with New York-based Blockchain technology firm ConsenSys, as an additional step to bolster the state’s Blockchain ecosystem.

The partnership seeks to incubate an innovation ecosystem for blockchain technology in Andhra Pradesh. Through this MoU, ConsenSys will provide strategic technical advisory to prioritise and pilot use-cases in the area of Blockchain for the State of Andhra Pradesh. The areas of collaboration include land titling, supply chain, identity platform, electronic health records, etc.

“We believe that Blockchain technology has tremendous potential to revolutionize the way governments, institutions and corporates function and is on its course to become the new normal.  It also has the potential to transform multiple industries and make processes more democratic, secure, transparent, and efficient. The State government has already taken the lead in introducing blockchain and has a vision of becoming blockchain-enabled through its digital assets by 2019,” Nara Lokesh, IT Minister, Government of Andhra Pradesh said.

The Government of Andhra Pradesh and ConsenSys will also collaborate to establish the first Indian cohort of ConsenSys Education – an institute that will develop blockchain-centric education programmes by leveraging ConsenSys’ proprietary educational content. The Government of Andhra Pradesh will help drive recruitment efforts for ConsenSys Academy pan India and will also subsidize infrastructural and operational costs for the project.

“Traditional education programs cannot keep up with the rapidly developing pace of Ethereum and blockchain as a whole. There’s a need to continue educating new participants in the blockchain ecosystem. The ConsenSys Academy is a blockchain education platform with the mission of bridging the deep Ethereum knowledge gap and revolutionizing education through blockchain technology. ConsenSys’ focus for 2018 and beyond will be to uphold its growing responsibilities as a purveyor of this revolutionary technology,” Kavita Gupta, Executive Director of ConsenSys said.