Indian state Kerala will be second after Bengaluru, to establish its own ‘Blockchain Academy’ in order to lead the research and innovation as well as to impart technical consultancy in a cutting-edge technology.

According to a local online news portal, Kerala state based Indian Institute of Information Technology and Management (IIITM) will collaborate with the international learning and business development platform, Blockchain Education Network (BEN), to set up the blockchain academy.

“Blockchain technology, which leverages the idea of a distributed and decentralized ledger, will open up new avenues both in the software and hardware sectors. Since Block chain involves distributed computing and Internet of Things (IoT) devices, Maker Village,” Prof. Rajeev, consultant, Maker Village, the electronics incubator funded by the central and state governments and run by IIITM, stated, as reported by English Manorama.

The announcement was made by IIITM Kerala director Dr. Rajasree, during a recent blockchain workshop. The event also saw Dr. Dilip Krishnaswamy, Senior Research Scientist, IBM Research Labs, and Michael Gord from Blockchain Education Network (via videoconferencing), speaking on various challenges and opportunities in blockchain sector

The blockchain workshop also had a panel discussion that explored the upcoming ideas and challenges in blockchain technology, an official release stated.