CasperLabs To Provide Open Network For Implementation Of Govt Of Telangana Blockchain Initiatives

Sapna Bhardwaj
Sapna Bhardwaj May 25 2022 - 3 min read
CasperLabs To Provide Open Network For Implementation Of Govt Of Telangana Blockchain Initiatives
CasperLabs and the Indian State of Telangana will work together to promote building applications on the Casper Technology infrastructure.

CasperLabs, one of India's leading blockchain software companies for the enterprise market announced a partnership with the Indian State of Telangana. Under terms, CasperLabs will develop, set up, and operate the first “open, permissioned network” based on the Casper Technology for implementation of Government of Telangana Blockchain initiatives. Telangana’s adoption of blockchain technology will empower policy makers and government officials to facilitate more sustainable, efficient and secure government processes while simultaneously opening up new entrepreneurship opportunities for both private and public sectors.

Jayesh Ranjan, Principal Secretary, Information Technology, Electronics and Communications Department, Government of Telangana said, “Casper blockchain not only offers unparalleled advanced technology, but also offers key insights to the industry that will be instrumental in our blockchain development efforts. We are excited to announce this endeavor and create new opportunities that will benefit both CasperLabs and the State of Telangana and its residents.”

Mrinal Manohar, Co-Founder and CEO, CasperLabs said, “The State of Telangana has emerged as a technology advanced government and global blockchain leader, recognising the potential this technology holds. We are proud to be the blockchain provider of choice for this ambitious effort and look forward to advancing blockchain adoption to help improve the lives of citizens of the state of Telangana.”

As part of the agreement, CasperLabs and the Government of Telangana’s ITE&C Department will work together to promote building applications on the Casper technology infrastructure deployed by CasperLabs. The ITE&C Department will coordinate with state and other organisations as needed to maintain the Casper blockchain network in Telangana as the preferred chain for blockchain applications. Telangana will also support CasperLabs in networking and introductions to IT companies interested in blockchain applications.

Telangana is a state in India, its capital is Hyderabad, it is seen as a national role model for its progressive policies, high standards of governance, and excellence in execution. It is a go-to destination for marquee investors in sectors like IT, Life Sciences, Electronics, Aerospace and Defense, Automotive including Electric Vehicles (EVs), Food Processing, etc. Telangana offers a congenial industrial climate, high quality of skills, proactive government policies and locational advantages which makes it more attractive to potential investors than other comparable states. The remarkable progress the state has achieved is spearheaded by the Honourable Chief Minister, K Chandrashekar Rao and Minister for IT, Industries and Municipal Administration, K T Rama Rao.

This technology will lower the barrier to entry for blockchain adoption by providing professional services and support for businesses building an energy efficient and sustainable platform. The organisation claims to be fully decentralised, highly secure, and scalable blockchain trusted by governments, enterprises and Fortune 500 companies worldwide.

CasperLabs is one of the leading blockchain software companies for the enterprise market, is re-imagining blockchain for enterprise with a future proof solution. The company also provides development, support and advisory services for organisations building on its network. Guided by open-source principles, it is committed to support the next wave of blockchain adoption among businesses and provide developers with a reliable and secure framework to build private, public and hybrid blockchain applications. Its team possesses deep enterprise technology experience with a cumulative 100 years of enterprise experience, hailing from organisations including Google, Adobe, AWS, Dropbox and Microsoft.

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