Blockchain institute of India planned in Vizag

The Andhra government is trying to bring Fintech and Blockchain Academy in colleges and universities in the state.

Published: 27th January 2017 04:59 AM  |   Last Updated: 27th January 2017 04:59 AM   |  A+A-

By Express News Service

VISAKHAPATNAM: To make Visakhapatnam a financial capital of the state and provide the country with a self-sustained global ecosystem and economically beneficial technologies through Fintech Valley, the government is trying to bring Fintech and Blockchain Academy in colleges and universities in the state. After GITAM University launched Fintech academy, many other institutions will follow suit.

“There are many colleges and universities that will soon be functioning with Fintech and Blockchain Academy. In Vizag, after Gayatri Vidya Parishad, Bullayya College and Andhra University will have the academies. Besides Anantha Lakshmi Institute of Technology and Sciences from Anantapur, Jawaharlal Nehru Technological University, Kakinada, and Sri Venkateswara University, Tirupati, will also have the same courses. In coming years we will try to make this as an elective in several academic courses, Andhra Pradesh IT advisor JA Chowdhary said.

“We are getting over eight global fin tech companies to the city institutes which have shown interest in setting up a centre for excellence, R and D and a few others,” Chowdhary said.

“As cyber hacking has become common, the Centre is looking for a new technology where Blockchain technology can be a saviour and in Fintech, Blockchain is a major technology that is why the government is also keen to set up a Blockchain Technology Institute of India in Visakhapatnam. The Fintech valley will have the entire eco-system for everyone from startup to high-level company. Here, the startups will get the market access, as global companies will be coming up,” he added.

There are also discussions with Arizona State University which will have its Fintech Academy atop the Hill 3 in the city. In the city a Global Inhouse Centre will also be set up for which a MoU will be signed between ANSR Consulting and Government of Andhra Pradesh on January 28,“ said Tirumalarao Chamalla, president, Electronics and IT Agency, the government of Andhra Pradesh.  

To make students know about what Fintech Valley is bringing them and what are the opportunities lying ahead, JA Chowdhary, along with other delegates attended the interactive session in GITAM University jointly organised by GITAM FinTech Academy and Vizag Fintech Valley on Thursday. 

IT advisor, M Anjaneyulu, Intelli Business (New York) vice- president, Bhargavi Jayanthi, Synchrony Financial vice-president (Analytics) and S Jayavardhan, Emerging Trends and Technologies vice-president, answered the queries of students on what sort of ideas can be the best fit in the present scenario.


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