Mumbai: AlgoBharat, Algorand Foundation’s India-focused initiative, today strengthened its commitment to the Indian Web3 ecosystem with a number of high-profile announcements made at Algorand Impact Summit, a two-day event that convenes business leaders, policymakers, NGOs, and developers to discuss how blockchain can help solve some of the world’s most intractable challenges.
The partnerships are an extension of Algorand’s vision of delivering greater access to markets, capital & financial services by unlocking the power of blockchain technology, especially for the underserved sections of society with limited access to traditional banking infrastructure.
Algorand Foundation CEO Staci Warden said, “India's remarkable role in global technological progress has inspired us to establish a distinctive presence in the country. In just a year, our strategic collaborations and innovative blockchain solutions with key players have pioneered financial inclusion, with the potential for impacting millions of lives in underserved communities. As we contribute to the growth of the global Web3 ecosystem, our journey in India has only just begun, with much more ground to cover."
“Blockchain technologies can bring profound upliftment by providing greater access to markets, capital, and financial services. The Algorand Impact Summit stands as a testament to our belief in the Indian Web3 ecosystem.” said Algorand Foundation VP and India country head Anil Kakani. “Partnering with those who share our passion, we are eager to witness the tangible on-the-ground impact on improving access to markets, capital, and financial services.”
Announcements include:
● A first-of-its-kind partnership with T-Hub, a Telangana government-led prominent tech incubator, to launch “Startup Labs”, a 12-month program that will offer end-to-end mentorship for 20 high-potential Web3 startups.
● A partnership with NASSCOM, through its FutureSkills Prime skilling hub, to provide modular-based training content and assessments to support the training and employability of students and professionals building out their Web3 developer capabilities.
● A partnership with TiE Bangalore with the key objective of fostering the Indian Web3 ecosystem through strategic educational and training initiatives. This partnership will help Algorand establish its foothold with the startup, investor and tech communities in Bangalore.
● A collaboration with Mann Deshi to develop a blockchain-based credit scorecard and identity system for Mann Deshi Foundation's women entrepreneurs. The project, which aims to address the challenges created by lack of formal credit histories and limited access to loans, is being rolled out in a phased approach with a select group of women entrepreneurs.
● Launch of the first pilot through our partnership with the Self Employed Women’s Association (SEWA) to empower women to earn high-value carbon credits through a blockchain-based solution that captures data on the production of renewable gas from biogas digesters.
