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Web2 and Web3 Blockchain Startups Accreditation Planned By Indian State Government

The state government of Telangana reveals the launch of the India Blockchain Accelerator program, targeting the growing early-stage Web2 and Web3 startups and blockchain developers, solving real-world challenges. Also, The program is in partnership with unicorn crypto exchange CoinSwitch Kuber. Also, with Lumos Labs, a technology innovation management firm.

Furthermore, Rama Devi Lanka, Director Emerging Technology and Officer on Special Duty (OSD), ITE&C Department, Government of Telangana confirms the state’s vision to adopt blockchain projects,

“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.”

Furthermore, as per official announcement, the state government’s four-month blockchain accelerator initiative. Of course, will give live to early-stage Web2 and Web3 startups and blockchain developers.

More so, The program provides blockchain-based solutions for real-world problems across business verticals. Which, includes fintech, entertainment, sustainability, infrastructure. Then, tooling, agritech, logistics and healthcare,

“The Telangana Government will help provide the required…”
“regulatory framework to enable and promote blockchain growth.”

Additionally Lanka reveals the government’s ongoing efforts into bringing out several use cases in nonfungible tokens (NFT). Also, in decentralized finance (DeFi) and other crypto initiatives. Particularly, for mainstream implementation,

“The government of Telangana is also focusing on developing and supporting a large scale of…”
“the Indian Blockchain talent pool, hopefully, of around 100K in the next 3-4 quarters. ”

More so, Lumos Labs co-founder Kaavya Prasad expresses the same sentiments, highlighting the state government’s openness to new blockchain initiatives. Then, She points out the importance of greater interest towards pilots and production-ready applications,

“A collaborative effort from various State Governments will further accelerate the growth…”
“of this space and we would be able to have more streamlined progress.”

Lastly, CoinSwitch Kuber founder and CEO Ashish Singhal maintains that the future best global startups will function on Web3 blockchain infrastructure. Thereby, focusing on India’s potential on becoming a net exporter of technology,

“As part of the Indian Crypto industry, we shall endeavor to collaborate with the state government…”
“to work towards the vision of making Telangana the blockchain capital of the country.”

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