Bharat Web3 Association signs MoU with TS to build Web3 ecosystem in state
The MoU will bolster Telangana’s vision to become a leader in emerging technologies
HYDERABAD: Bharat Web3 Association (BWA), an organisation representing top Web3 technology companies in India has joined hands with the Telangana government by signing the first-of-its-kind Memorandum of Understanding (MoU) to set the stage for collaborative discussion between the two entities.
Under this partnership, the Bharat Web3 Association will work closely with the Telangana government to build a thriving Web3 ecosystem in the state by organising events, seminars, and roadshows, as well as by facilitating discussions around Web3 technology.
BWA will also facilitate the exploration of potential synergies between its members and the Telangana government, aimed at utilizing the sandbox environment to its fullest potential with an ultimate goal of helping Telangana achieve its vision of becoming a leader in the field of Web3.
The announcement was made in the presence of IT Secretary Jayesh Ranjan, Rama Devi Lanka, the Director of Emerging Technologies and Kiran Vivekananda, Chief Policy Officer at CoinDCX and Director, Bharat Web3 Association.
Speaking on this occasion, Mr. Jayesh Ranjan welcomed the BWA and said, “I believe that BWA serves as a great example of how the blockchain industry can come together united to drive the ecosystem forward. The signing of this MoU marks a significant milestone in our efforts towards establishing a leading ecosystem for the Web 3 space in India. We believe that this partnership will help us unlock immense value to the startups and enable us to expand the frontiers of possibilities in this rapidly growing and dynamic sector.”
Ms. Rama Devi Lanka, said, “Telangana is well-positioned to become a leader in the Web 3 space, and we are committed to supporting its growth and development. The sandbox will facilitate access to the relevant data, users and more importantly suggest recommendations on the regulatory changes to be made that will spur innovation in the web3.0 ecosystem accelerating greater participation and collaboration.
Kiran Vivekananda, Chief Policy Officer, CoinDCX & Director- Bharat Web3 Association, said, “I applaud the vision of the Telangana government in realizing the transformative potential of Web3 and cementing its position as a leader in emerging technologies.”
“As a founding member of the Bharat Web3 Association, we are especially proud to be playing a part in charting the pathways for the future of Web3 in India,”