The Belfrics Global is going to launch its new development center in Vizag, this is one of the fastest growing Blockchain development startups in India. In the port city Belfrics will also arrange Blockchain Academy, in association with Gitam University.
On Thursday it signed a MoU with the Andhra Pradesh government. This will support to develop AP as a Fintech hub of India, Belfrics developed block chain-based solutions it will also support government to regulate the activities in systematic manner.
Founder & CEO of Belfrics Global, Praveen Kumar Vijayakumar expressed, “This MoU is an indication to our ability in developing block chain solutions for the Indian market. We are expecting a 300 pc growth in our Blockchain vertical in the year 2018, thanks to this MoU”.
Special Chief Secretary and IT Advisor to Andhra Pradesh CM, J.A. Chowdary expressed, “The AP government welcomes Belfrics Global to start their development center in Fintech Valley- Vizag. We will start work in association with Belfrics in making employees necessary for the Blockchain technology industry. The government will also be overjoyed to provide the POC (Proof of Concept) for put in effort Blockchain technology in supply chain logistics. We are enthusiastic and excited for the launch of Belfrics Academy in association with Gitam University located in Vizag.”
To improve capability and automation in many government services, Belfrics will be authorizing the government to choose take up Block-chain technology effectively. Block chain development will be working closely with government for identity management, payment solutions, supply chain management, education and business automation. In recent days startup is new buzzword in business have a part many young stars that are planning all new thoughts into action.