Telangana turns Brand Ambassador to the Global Blockchain Business Council in India

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Telangana’s capital Hyderabad has turned out to be the Brand Ambassador for the Global Blockchain Business Council in India as it has been placed among top 10 cities in the world.

Thanks to the proactive approach of the state government, the Global Blockchain Business Council (GBBC) has nominated the Government of Telangana as ambassador to India. The Global Blockchain Business Council, conceived on Sir Richard Branson’s Necker Island, is a Swiss-based non-profit organization representing one of the most impactful technologies to emerge since the internet. The organization brings together innovators and thought-leaders from over 50 countries to further adoption of blockchain technology by engaging and educating regulators, business leaders, and lawmakers on how to harness this groundbreaking technology to create more secure, equitable, and functional societies.

Expressing his happiness at the development, the Principal Secretary IT Jayesh Ranjan said that it’s indeed a step closer to our vision and is an acknowledgement to the growth of the Blockchain ecosystem in Hyderabad by the global forums. 

In GBBC’s first newsletter featuring India’s Blockchain District: https://mailchi.mp/gbbcouncil/gbbc-newsletter-december-3, they covered the hugely successful 5-day long Blockchain conference held in Hyderabad last month. Hyderabad’s Blockchain District had hosted the 6thinternational plenary and working group meetings of ISO TC 307. The event saw more than 140 international Blockchain experts coming together to formulate international standards in Hyderabad, paving the way for the future of Blockchain Technology.

The Blockchain District is facilitating and enabling several initiatives pertaining to blockchain technology by developing a talent pool, incubating start-ups, investing in research and development, building local communities, and more importantly developing innovative blockchain-based government solutions to help citizens. Some of the areas where the government is implementing blockchain-based solutions, include land records, securing students credentials, microfinance, anti-drug counterfeiting, peer-to-peer energy trading, and credit financing.

Four use cases were officially accepted by ISO as entries from India, all of them came from Hyderabad’s Blockchain District, and are currently being implemented across various user departments of Government of Telangana.