• Thu, 12 Dec 2019, 03:58 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Japanese blockchain company invests big in India with academy and 5 offices

India Fort.Dennis Jarvis/Flickr

Sat, 06 Jul 2019, 17:28 pm UTC

Emurgo is a Japanese tech company that is focused on blockchain and it would appear that it sees great potential for expansion in India. It was recently revealed that it was setting up an academy in Bengaluru along with five offices across the sub-continent. This is intended to stimulate the blockchain sector in the country despite its resistance to cryptocurrency.

Explaining what this academy is about, Emurgo CEO E Venkatesan noted how this academy will help stimulate the growth of blockchain development in India, TheHinduBusinessLine reports. The goal is to help trainees understand the intricacies of blockchain technologies like Cardano in order to effectively make use of them.

“India has only around 19,000 blockchain developers and architects. This data could be slightly higher, but considering that both Central and State Governments understand the importance of blockchain and are setting up panels to understand its implementation, we foresee a huge demand for such technologists,” Venkatesan told the publication.

“Professionals having exposure to any programming language with 2 years work experience can register for the programme.”

As for the offices that Emurgo is planning to open in India, the plan is set to be implemented across two years, Business Standard reports. The offices will be placed in five different locations, namely: Hyderabad, Chennai, Mumbai, Delhi, and Pune.

This runs in tandem with the academy that the company is building in the country where it can train the local developers that it will then recruit to work at its offices. Building on this momentum, Emurgo could then carve 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 undisputedly at the top and this is despite its aversion to cryptocurrency.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $7,210.85 (-0.83%)
  • Ethereum (ETH) $143.14 (-2.18%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $206.53 (-0.69%)
  • Litecoin (LTC) $43.84 (-1.39%)
  • Bitcoin (BTC) $7,210.85 (-0.83%)
Dec 12, 2019 (Thursday)
03:35
Russian power grid company to use blockchain technology to solve massive energy debt issue
03:14
Elliptic launches a risk-assessment tool for banks to identify trustworthy crypto exchanges
Dec 11, 2019 (Wednesday)
12:54
Wu Jihan once again takes over the helm at Bitmain as CEO
12:36
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:35
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:52
China securities watchdog appoints former head of PBoC Digital Currency Institute: Report
11:07
Crypto Technicals: ETH/USD consolidates below 5-DMA, scope for further weakness
10:52
Nike secures patent for blockchain-enabled “CryptoKicks”
09:44
BitPay rolls out stablecoin payments for merchants and consumers
08:52
Ripple improves Xpring platform to boost growth of XRP developer community
07:42
Crypto Technicals: BTG/USD extends weakness below 5-DMA, momentum strongly bearish
07:19
Blockchain technology poses money laundering, terrorist financing risks, says annual FINMA report
07:15
JPMorgan’s blockchain-based Interbank Information Network attracts interest from over 80 Japanese financial firms
06:57
Fiat Chrysler Automobiles joins IBM responsible mineral sourcing blockchain
06:30
Crypto Technicals: XRP/USD resumes weakness after rejection at 21-EMA, eyes trendline support at 0.1980
06:01
FinCEN sees spike in crypto-related suspicious activity reports after May advisory
05:14
Bank of Lithuania publishes paper on CBDC to nurture discussions around the new innovation
04:59
WeBank becomes technical infrastructure provider for China’s Blockchain Service Network
04:58
Crypto Technicals: BTC/USD slips below 61.8% Fib, more weakness on charts
04:03
Saga stablecoin launches on Liquid platform; Will slowly gain independence once client trust is established
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft