the collaboration between the Andhra Pradesh government and Covalent Fund is aimed at enhancing startups’ access to capital as well as creating manpower.
Commenting on the development, the state’s IT Minister Nara Lokesh said, “The Government of Andhra Pradesh envisages to become blockchain enabled via its digital assets by 2019. We are bullish on blockchain as a technology platform and are very keen to adopt it to make way for transparent governance.”
“Learning from the success of the India stack, which is a unique digital infrastructure with open APIs, we believe that an India Blockchain stack will revolutionise the way the economy would function in the near future. Our collaboration with Covalent Fund is focused on the creation of a world-class sustainable blockchain ecosystem in the state that will make in ways for innovative startups to work with a start-up state like ours,” Lokesh added.
link: https://inc42.com/buzz/blockchain-andhra-pradesh-covalent-fund/