Blockchain Summit-2017 to be held in Vizag

By Author   |   Published: 2nd Oct 2017   7:14 pm

Visakhapatnam: Andhra Pradesh Government will organise a major conference on blockchain technology here on October 9 and 10.

The technology has been identified by the Government as one with great potential and future in the IT sector and representatives major IT companies specializing in financial technology, over 40 startups from 20 plus countries and policy-makers from the Centre and the States as well as CEOs in banking and insurance sector will attend the conference being held at Hotel Varun Beach Novotel.

Three top winners offering solutions among the startups will be offered Rs 5 lakh each and three runners-up Rs 2 lakh each. Best performer from the student hackathon will be honoured at the summit being attended by Chief Minister N Chandrababu Naidu and several other VVIPs.

IT Adviser to Chief Minister, JA Chowdary said that with cyber security issues causing serious concern across the world, the blockchain technology was set to be the biggest disrupter not only in the financial world but also a number of online and offline sectors.

“Blockchain Summit-2017 is our initiative to create a self-sustained global ecosystem,” he stated.

An innovation challenge would be organised during the conference to reward use cases in areas of supply chain finance, business processes and International remittances. The aim of the challenge is to seek innovative solutions and execute proof of concepts with the promising ones so that it would be useful for many financial technology companies.