- Emurgo is setting up a blockchain academy in Bengaluru and five offices in India
- The academy will be used to train and create blockchain experts for hire in Cardano projects
- India records massive surge in blockchain adoption despite cryptocurrency ban
Emurgo, the venture capital arm of Cardano, a blockchain company is setting up an academy in Bengaluru and five other regions across India in order to train and create blockchain experts as part of its mission to foster the adoption of the Cardano blockchain ecosystem, according to Sanfranciscotribe’s report on July 8.
Cardano gets support from India officials
Per the report, Emurgo with the support of Indian government officials and enterprises will train developers and create blockchain experts in a bid to expand the use cases of the distributed ledger technology.
The move is also targeted at advancing marketing and blockchain education in India while fostering the adoption of the Cardano blockchain ecosystem.
To that effect, Emurgo is establishing an academy in Bengaluru and five other offices across India.
These offices will be located in Mumbai, Hyderabad, Delhi, Chennai, and Prune where developers will be trained in courses such as smart contract development, Haskell, and Plutus.
Cardano courses to double as recruitment channels
These courses are aimed at discovering talented individuals to hire in order to promote Cardano’s eco-system development and give the Cardano project more exposure.
Thus, local developers will be hired from the academy to maintain the project’s speed in the blockchain space.
A girl, for instance, who was taught one of the courses by the developer of Haskell language was able to detect a bug in Plutus code. After the discovery was reviewed by the teacher and Cardano founder Charles Hoskinson, she was hired to work full time for IOHK.
Furthermore, Emurgo has had a stable presence in India since February 2019 which does not come as a surprise because the arm is also active in East Asian regions like Japan, China, and Indonesia.
The investment company is currently responsible for promoting the use of ADA debit cards, developing and updating the Yoroi light wallet for Cardano, and fostering the adoption of the distributed ledger technology (DLT) in Indonesian and Indian markets.
A surge of blockchain adoption in India
India, on the other hand, has seen a massive surge in the adoption of blockchain technology by developers who have switched to its development instead of focusing on traditional engineering roles.
Reportedly, there are over 6 million qualified engineers in the South Asian country, making up a lion’s share of about 55 percent of IT services in the world. As a result, there is infrastructure and talent in the region to capitalize on the growing new market.
Similarly, despite the central bank’s ban of cryptocurrency, blockchain has been more receptive and has overseeded a speculative nature which could attract more companies to India.
The DLT has also been adopted by universities, corporations, and State level governments. An instance is Bankchain, a collaboration between a community of banks in India and the Middle East formed by the State Bank of India to adopt blockchain in the banking sector.