T'gana woos blockchain firms, startups, offers incentives

Land at subsidised rates, funding of research and regulatory and policy support are among the features of Telangana government's draft Blockchain Policy aimed at wooing firms and startups in the field to set up shop in the state. Land will be allotted at subsidised rates to Blockchain companies by Telangana State Industrial Infrastructure Corporation Limited," according to the policy which seeks to position Telangana as the Blockchain capital of the country. The guidelines specified for regular ICT (Information and Communication Technology) companies in terms of annual revenue, investment promises, employment creation promises would be partially relaxed for Blockchain firms, it said. Blockchain is a distributed ledger technology that stores information across multiple systems securely and such data stored and distributed cannot be copied, hacked or tampered with. Records can only be appended. The state government has conceptualised the country's first 'Blockchain ...

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