Tech Mahindra launches Blockchain accelerator

Tech Mahindra (TechM) and the Telangana government have launched T-Block Accelerator, the maiden accelerator programme for the newly-created Telangana ‘Blockchain District’.

About 25 start-ups would be inducted for the accelerator programme. Of these, five will be selected for the next phase of mentorship. IBC Media, an innovation management company, will run the programme.

TechM signed an agreement with the State government in 2018 to develop the blockchain district ecosystem. This initiative is targetted at the start-ups that have a strong blockchain use-cases. “It will help them fine-tune their product development,” said a TechM executive. Quoting research firm Gartner, he said that blockchain would generate an annual business value of over $3 trillion by 2030.