Blockchain
protocol
Algorand
(ALGO)
has
expanded
its
footprint
in
India
by
securing
new
partnerships
with
NASSCOM,
India’s
trade
body
and
chamber
of
commerce
for
the
tech
industry,
TiE
Bangalore,
a
global
venture
supporting
entrepreneurs,
and
the
Mann
Deshi
Foundation
which
supports
India’s
first
rural
bank
for
women.
Earlier
this
year,
the
Algorand
Foundation
branched
into
India
with
its
initiative
called
AlgoBharat.
The
word
Bharat
represents
the
nation
of
India.
At
the
time,
Algorand
partnered
with
Self
Employed
Women’s
Association
(SEWA)
to
support
women-led
enterprises
building
blockchain
solutions
and
with
Jawaharlal
Nehru
Technological
University
and
the
Indian
School
of
Business
to
launch
faculty
development
programs.
It
will
now
build
out
the
Web3
capabilities
of
youngsters
under
NASSCOM’s
FutureSkills
Prime
skilling
hub
and
develop
a
blockchain-based
credit
scorecard
and
identity
system
for
Mann
Deshi
Foundation’s
women
entrepreneurs,
Algorand
Foundation’s
CEO
Staci
Warden
and
India
Country
Head
Anil
Kakani
told
CoinDesk
in
an
interview.
“In
just
a
year,
our
strategic
collaborations
and
innovative
blockchain
solutions
with
key
players
(in
India)
have
pioneered
financial
inclusion,
with
the
potential
for
impacting
millions
of
lives
in
underserved
communities,”
Warden
said.
The
blockchain
protocol
has
also
landed
a
new
collaboration
with
TiE
Bangalore,
a
global
venture
supporting
entrepreneurs,
to
provide
educational
initiatives
to
support
the
Indian
Web3
ecosystem.
Kakani
said
we
are
working
on
two
types
of
partnerships
–
organizational
to
deepen
India’s
Web3
foundation
including
broadening
the
developer
base
and
then
partnerships
to
build
use
cases.
“We
are
not
going
to
regulators
with
recommendations
but
we
are
waiting
for
(India’s)
central
bank
digital
currency
(CBDC)
to
happen,”
Kakani
told
CoinDesk.
“We
want
to
see
how
we
can
build
on
that
but
as
a
protocol,
our
heavy
focus
is
real-world
utility.”
Algorand’s
earlier
partnership
with
T-Hub
to
simply
support
startups
will
now
include
the
launch
of
“Startup
Labs,”
a
program
that
will
offer
mentorship
for
20
Web3
startups.
T-hub
is
a
tech
incubator
led
by
the
Telangana
government,
a
state
in
south
India.
With
SEWA,
Algorand
has
launched
a
pilot
to
help
women
earn
high-value
carbon
credits
through
data
it
will
collect
via
a
blockchain-based
solution.
