By Staff Writer
Japan-based Emurgo, which is part of Swiss-based Cardano, a decentralized and open source blockchain project, is reportedly planning to invest in India in a big way.
The first phase of this plan includes setting up a blockchain academy in Bengaluru with satellite offices in other five cities, namely Hyderabad, Chennai, Mumbai, Delhi and Pune, chief executive E Venkatsesan told the HinduBusiness Line.
Emurgo Academy is also looking to tie-up with at least five universities to train students and set up laboratories. They will be trained in the ins and outs of Cardano blockchain.
India currently has only around 19,000 blockchain developers and architects but the demand is expected to soar with the government agencies looking to study the new technology and potentially implement them in various areas, Venkatesan told reporters.
Professionals with exposure to any programming language with 2 years work experience can register for the programme, Ventakesan said.
It will then recruit the local developers to work at its offices, potentially aimed at carving a huge slice of the blockchain pie for itself in both India and the rest of the world.
As of now, the US is still one of the leaders in terms of blockchain development but countries like the UAE and the UK are quickly catching up. China, however, is still the number one when it came to blockchain development, even though cryptocurrencies are banned in the country.