Kolkata: The state Information Technology and Electronics (IT&E) department will come up with a centre of excellence on Blockchain in collaboration with the Indian Statistical Institute (ISI).
The centre of excellence will be imparting advice and training in blockchain technology to all stakeholders.
"We are expecting to come up with such a centre of excellence on Blockchain by the end of this financial year. We are also holding talks with Calcutta University for a centre of excellence on Quantum Computing," a senior official of state IT& E department said on the sidelines of the two-day Global Blockchain Congress that kicked off at Biswa Bangla Convention Centre on Tuesday.
It may be mentioned that Brazil is the only country in the globe that has an academy
on Blockchain.
Industries including IT professionals seek advice and look for solutions from this academy. Kolkata will be the second place in the world which will come up with a centre of excellence on this emerging technology. The government has taken a focused approach toward leveraging Blockchain technology to establish Bengal as a front-runner in becoming an emerging Technology Hub.
Among all the financial institutions, almost 50 percent of the banks are expected to use this technology by 2020 and there is a huge transformation expected to take place in the non-financial sector as well within next few years.
"Blockchain is expected to create a significant impact in the job market as knowledge of this disruptive technology is in high demand in numerous sectors of the industry," a senior official of IT&E department said.