Andhra Pradesh Innovation Society 'APIS' Building A Community Of Blockchain Startups.

Andhra Pradesh Innovation Society 'APIS' Building A Community Of Blockchain Startups.

2018-12-06 | Selina Mathew

Andhra Pradesh Innovation Society 'APIS' Building A Community Of Blockchain Startups.

The APIS [Andhra Pradesh Innovation Society] recently declared that it had been partnering with the ‘Eleven01 Foundation’ to develop a blockchain talent pool and support startups building with the emerging technology.

'Eleven01' is a native supplier of native blockchain protocols.

APIS is tasked with developing “an exceptional technology startup scheme,” in line with the release. As such, the partnership is aimed toward using events, activities and mentorship programs to “nurture talent and develop a community” of startups in the state.

In a statement, J.A. Chowdary, IT advisor and special Chief Secretary to the chief minister of state, stated that:

“We actually appreciate what the Eleven01 team is attempting to try and we are happy to go along with them to bring advanced development and innovations having some relations with the blockchain realm within the state.”

Eleven01 Foundation’s president & chief product officer, Ramachandran Iyer, echoed Chowdary’s comments, adding:

“We visualize India to be a blockchain-hub and therefore the support from the state here brings us a step nearer to achieving that. Together, we'll contribute towards the event of the simplest blockchain-ready talent pool and innovations within the state.”

Eleven01’s blockchain protocol was formed in association with Indian IT services Tech giant ‘Mahindra’. The platform was revealed back earlier in August this year, and aimed toward strengthening the 'blockchain schemes' within the country.

This move is simply the most recent blockchain-focused effort by the Indian state [Andhra Pradesh]. Earlier this year, the state signed a memoranda of Understanding with 'Covalent Fund' to begin a blockchain scheme and launch a blockchain university with a $10 Mln initial investment.

Even in Oct. last year, the state was additionally operating with startup named ‘ChromaWay’ on a land registry pilot that uses blockchain to trace the possession of property.

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