The Indian government wants to lead the Asian blockchain market and establish a blockchain technology institute with the University of California

The Andhra Pradesh government of India announced that it will collaborate with Singapore’s top technology and blockchain startups and the University of California (UC) to establish a Blockchain Institute of Technology.

JA Chowdary, IT consultant to the Andhra Pradesh government, said in an interview that local government officials have completed several preliminary discussions with the University of California. Andhra Pradesh government IT consultants and researchers will provide advice for the blockchain technology college based on the agreement reached between the University of California and the government.

Chowdary said that this blockchain academy will help government departments and large financial companies understand blockchain technology and make corresponding strategic deployments in the future.

The Andhra Pradesh government believes that blockchain technology can be widely deployed in existing government systems, including electronic office, electronic lockers, etc. Government researchers explained that blockchain technology and its decentralized nature can protect government confidential documents and prevent intrusions and security vulnerabilities.

Leading the Asian blockchain market

Chowdary also mentioned that the establishment of this blockchain research institute is enough to push Andhra Pradesh to a leading position in the Indian blockchain market and even the Asian fintech industry.

Considering the shortage of talent and developers in the blockchain industry, Chowdary said their blockchain academy will focus on recruiting talent and training them on the technology, while also exploring potential use cases for the technology in non-financial markets.

Chowdary said:

We want to make Visakhapatnam (a city in eastern India where the blockchain academy is located) the capital of financial technology in India and export professionals for this technology. The academy will provide training courses in blockchain technology.

Blockchain talent shortage

Recently, cybersecurity giant and well-known entrepreneur John McAfee said on social media that he and his team are actively looking for developers and experts who understand the basics of blockchain.

I need the best C++ programmer in the world who understands blockchain and can stand working with me.

Given the high complexity of blockchain systems, many large companies are looking for qualified professionals, but relevant talents are still in short supply.