Vijayawada, Jan 19 : Covalent Fund has signed an agreement with the Andhra Pradesh government to set up a Blockchain university.
The pact will also focus on creation of manpower, access to capital and creation of an India-focused Velugu Blockchain stack under Fintech Valley Vizag, the flagship initiative of the state.
Covalent Fund, a family office fund managed by Ram Yalamanchili, will also carve out a venture fund to invest upto (Dollar) 10 million as an initial pilot programme.
Information Technology Minister Nara Lokesh said the state envisages to become Blockchain enabled via its digital assets by 2019.
"We believe that a India Blockchain stack will revolutionise the way the economy would function in the near future."
--IANS
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Source: IANS
