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September 25, 2018

Bangla taking a lead in fintech and blockchain technologies

Bangla taking a lead in fintech and blockchain technologies

The State Information Technology & Electronics (IT&E) Department will be developing a network to ensure that its Fintech Hub and the upcoming Silicon Valley Hub can work in close coordination with each other.

This was said by the IT&E Minister while addressing a knowledge workshop on fintech at the Biswa Bangla Convention Centre on September 14.

He said the State Government will ensure that both traditional and emerging businesses find a suitable home in Bangla.

Chief Minister Mamata Banerjee had laid the foundation stone for the Silicon Valley project in New Town last month, where leading companies like Reliance, Amazon, Fujisoft. etc. have already evinced interest in investing. The Fintech Hub, with a number of financial institutions, is looking to use the best of technology, particularly for safe and secure transactions.

The minister also released a user manual on use cases of blockchain-based crowdsourcing solutions that have been developed by his department, at the workshop.

The government is working on taking a lead in fintech and blockchain, as these technologies will soon emerge as a major job creator in the days to come, said the minister.

Blockchain technology developed by the State IT&E Department has been made available for the Vivek Tirtha project being carried out by the Ramakrishna Mission.