Algorand Establishes Strategic Partnerships for Web3 Push in India

To strengthen India’s Web3 basis, decentralized network Algorand (ALGO) has teamed up with important Indian enterprises.

The CEO of the blockchain platform, Staci Warden, has indicated that Algorand is making a major leap by partnering with NASSCOM, an advocate group for Indian tech.

Additional partners include the Mann Deshi Foundation, India’s first women-focused bank, and TiE Bangalore, a global program that supports entrepreneurship.

In an interview, Warden said that the partnership will support Web3 capabilities within NASSCOM’s FutureSkills Prime skilling portal. The hub is a digital skilling programme that was created in collaboration with the government, academia, and IT sector.

Algorand will also create an identity system and credit scoring for female Mann Deshi Foundation entrepreneurs based on blockchain technology. According to Warden, Algorand will be able to serve the Indian Web3 ecosystem with educational activities thanks to its relationship with TiE Bangalore.

In March, the Algorand Foundation launched “AlgoBharat,” a new initiative designed to aid India’s entry into the Web3 sphere.

The Self-Employed Women’s Association (SEWA) and Algorand collaborated at the time to assist women-led businesses in developing blockchain solutions. Additionally, it collaborated with the Indian School of Business and Jawaharlal Nehru Technological University to start faculty development initiatives.

At the time, Kakani stated that the business was aware of India’s thirst for Web3. “We’ll definitely communicate with authorities this year.”  

Algorand is a popular blockchain network known for near-instant finality, 3.3-second block time, and the ability to process 10,000 transactions per second.

Disclaimer: This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Puskar Pande

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