Blockchain Academy In India Promises To Drive Research And Innovation

In an announcement made at a recent workshop on blockchain technology held in Thiruvananthapuram, Kerala will be the second state in India (following Bangalore, Karnataka) to have a blockchain academy. According to Dr. Rajasree M.S., director of the Indian Institute of Information Technology and Management-Kerala (IIITM-K), the institute will be partnering with the decentralized, global non-profit organization Blockchain Education Network (BEN) to set up the academy, which will seek to be a center for blockchain research and innovation and provide technical consultancy in a cutting-edge technology.

Professor S. Rajeev, consultant at Maker Village, an electronics incubator funded by the government and hosted by IIITM-K, observed that since blockchain technology involves distributed computing and Internet of Things devices, Maker Village will play a vital role in the evolution of blockchain developments.

“Blockchain technology, which leverages the idea of a distributed and decentralized ledger, will open up new avenues both in the software and hardware sectors,” said Prof. S. Rajeev.

The workshop at Thiruvananthapuram was held on March 3, 2017, and was “aimed at exploring the upcoming research opportunities and business innovations provided by blockchain technology.” A number of participants were included in the workshop such as Dr. Dilip Krishnaswamy, Senior Research Scientist at IBM Research Labs, and Michael Gord of BEN. A panel discussion included topics such as upcoming ideas and challenges with blockchain technology, and business applications in various economic sectors.

“Banking, health care, and governance are the three major avenues where blockchains will find applications,” said Dr. Asharaf S.