Belfrics To Establish Blockchain Centre in Vizag After Signing MoU with Government of AP

By March 20, 2018 No Comments

Belfrics has signed an exclusive MoU with the Government of Andhra Pradesh. With this MoU, we will develop blockchain-based solutions aimed at helping the government run it’s day-to-day affairs more efficiently and systematically. We will be working closely with the government to optimise processes like identity management, supply chain management, education, payment solutions and business automation. Belfrics will also open its development centre in Vizag and set up the Belfrics Academy, a program centered around blockchain technology education and training, in association with Gitam University, in the port city. These partnerships will significantly enhance the adoption of Belfrics’ blockchain, Belrium.
Commenting on this development, Mr. Praveenkumar Vijayakumar, Founder & CEO of Belfrics Global said, “This MoU is a testament of our capabilities in developing blockchain solutions for the Indian market. We are expecting a 300% growth in our Blockchain vertical in the year 2018. We are signing similar MoUs with other state governments, Banking organisations and educational institutes for developing similar solutions for them.”
Mr. J A Chowdary, Special Chief Secretary and IT Advisor to the CM of Andhra Pradesh said, “The Government of Andhra Pradesh welcomes Belfrics Global to set up their development centre in the Fintech Valley – Vizag. We will work in association with Belfrics in creating the critical manpower required for the blockchain technology industry. The government will also be more than happy to provide the Proof of Concept (POC) for implementing Blockchain technology in supply chain logistics, tender issuance and bidding. We are also excited for the launch of Belfrics Academy in association with Gitam University located in Vishakhapatnam.”
Jabeer KM, Chief Operating Officer for Belfrics Group of companies said, “We are looking at penetrating the Indian market by developing innovative blockchain based solutions across Industries. We believe this will help us reach our revenue targets of Rs. 100 crores by 2020. We will also be looking at hiring 100 blockchain developers in India as well as in Malaysia.”

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