Indian fintech company Vizitech Solutions has entered into an agreement with Japanese blockchain startup Chaintope to set up a blockchain research and development (R&D) center.

The center will be located in the city of Pune and will be managed by Vizitech Solutions. It will focus on conducting innovative blockchain research and training developers on this new technology.

"This venture will combine Chaintope's cutting-edge research with Vizitech's market leading execution. It will be a great space for young and interested developers to explore this new life-changing technology and have access to opportunities both in India and abroad," says Anandsagar Shiralkar, Founder and CEO of Vizitech.

Chaintope will leverage this new center to further research and product development in areas such as smart contracts. The company recently launched in Japan a blockchain application to facilitate real estate transactions by storing validated land ownership records, allowing faster land deals, and reducing fraud-related losses.

"We hope to create opportunities for many more candidates soon," says Hideki Shoda, Chaintope Founder, whose vision for the R&D center is to become a digital playground for young blockchain developers and enthusiasts in India.

Vizitech said it will hire and train high-quality blockchain developers and will help organizations in the U.S. and Japan with their research projects.