Tech Mahindra has signed up with Government of Telangana and Nucleus Vision to implement blockchain in different verticals at the International Blockchain Congress (IBC) at Hyderabad.
The Telangana State Information Technology, Electronics and Communication department (ITE&C) has signed an MoU (Memorandum of Understanding) with the global digital transformation provider Tech Mahindra to launch India’s first blockchain district in the state of Telangana.
The blockchain district will be a Center of Excellence for Blockchain, an incubator for technology and process development with innovative infrastructure and facilities to foster growth of Indian blockchain start-ups and companies. Tech Mahindra as a founding member of the Blockchain district will provide platform and technology assistance to all the incubators in the the blockchain district.
T. Rama Rao, Minister of IT, Government of Telangana said, “Telangana government is proud to pioneer the first of its kind blockchain district in India. With support from Tech Mahindra, we envision to set a global benchmark in providing cutting-edge blockchain technology solutions and platforms across industries. It is not just a proud moment for Telangana but India as a global leader in the digital era.”
This strategic partnership marks the beginning of NucleusVision’s global expansion strategy and Tech Mahindra’s foray into the blockchain market. Tech Mahindra will provide the technology expertise to broaden Nucleus Vision to implement blockchain in retail and telco space.
Founded in 2014, Nucleus.Vision has made great inroads in the Indian retail market with Internet of Things (IoT) and blockchain based customer identification platform – ION which is being implemented for the first time in India. The company has already on boarded marquee retail clients such as Tata Croma, Shoppers Stop, Future Group, Bestselller, Globus and several others on pilot projects.
CP Gurnani, CEO & MD, Tech Mahindra said, “This collaboration is a testimony of Tech Mahindra’s commitment to enable, guide and support start-ups and companies leveraging next gen technologies. The aim of this partnership is to harness Blockchain led innovation, and to channelize it globally, by giving access to our vast and expansive customer ecosystem.”
Abhishek Pitti, CEO, Nucleus Vision said, “Our product is highly customisable and has use cases across several verticals. We have proven its use and benefit in the retail space, and by having this partnership with Tech Mahindra, we will be reaching out to a vast and global network. Their global telecom affiliate partnerships is perhaps one of the biggest networks in the world, and this partnership will enrich the overall Nucleus Vision ecosystem in a phenomenal way.”
In India, Nucleus Vision has been working with several state governments, like Telangana, Assam and Goa to foster mainstream blockchain adoption in India. Nucleus is also working with government bodies like NITI AAYOG, ICRISAT etc. by helping them explore areas where they can leverage the power of blockchain.