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December 21, 2018

Bangla Govt to set up a Blockchain Centre

Bangla Govt to set up a Blockchain Centre

The Bangla Government will set up a Blockchain Centre in collaboration with the Indian Statistical Institute (ISI). The State Information Technology & Electronics (IT&E) Department will be heading the project.

A senior official of the department announced this on the sidelines of the two-day Global Blockchain Congress that kicked off at Biswa Bangla Convention Centre on December 18.

The centre of excellence is likely to come up by the end of this financial year (2018-19). It will be imparting advice and training in blockchain technology to all stakeholders.

Almost 50 per cent of the banks are expected to use this disruptive technology by 2020 and there is a huge transformation expected to take place in the non-financial sector as well within next few years. Naturally, the official said, blockchain is expected to create a significant impact in the job market.

Brazil is the only country that has an academy dedicated to teaching about and researching on blockchain. Hence, this institute in Kolkata will place India on the world map.

The State Government has taken a focussed approach towards leveraging blockchain technology to establish Bangla as a frontrunner in becoming a hub for emerging technology. It may be mentioned in this connection that the government is also setting up a centre of excellence on quantum computing in collaboration with the University of Calcutta.