Telangana govt, Tech Mahindra to launch blockchain district accelerator programme

IT services firm Tech Mahindra on Wednesday announced on Wednesday the launch of T-Block Accelerator, an accelerator programme for Telangana Blockchain District.

The programme has been launched in partnership with the Telangana government and innovation management firm IBC Media.

The launch of T-Block is a step in continuation of the Telangana government's endeavour to make Telangana as the 'Blockchain Capital of the World', a statement said.

A pact had been signed between the Government of Telangana and Tech Mahindra to this effect in 2018, it added.

"This initiative is aimed at start-ups that have a strong blockchain use-case, thereby accelerating the start-up growth and therein contributing to the growth of the overall industry," the statement said.

Blockchains can broadly be defined as a new type of network infrastructure (a way to organise how information and value moves around on the internet) that create "trust" in networks by introducing distributed verifiability, ...