Indian IT and services industry trade association NASSCOM has set up the country’s Special Interest Group (SIG) for Blockchain in collaboration with startups BlockSmiths and Quatrro.
Based in Delhi, the group will create use cases for blockchain based solutions by working closely with different startups, companies, and entrepreneurs.
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It will focus on blockchain research and development in four areas: fintech, Internet of Things, smart contracts and general blockchain applications.
Additionally, the newly created SIG will also aim to educate the public about cryptocurrency technology and its uses.
BlockSmiths chief business officer Harmeet Singh Monga said: “We strongly believe that India has the potential to lead the blockchain revolution in the South East Asian region and help businesses from various industries become highly streamlined and efficient by adopting blockchain.”
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By GlobalData
