AlgoBharat Has Secured New Partnerships With NASSCOM, TiE Bangalore and Mann Deshi Foundation

Blockchain protocol Algorand has announced new partnerships with NASSCOM, TiE Bangalore, and the Mann Deshi Foundation as part of its AlgoBharat initiative in India. NASSCOM, the trade body and chamber of commerce for the tech industry in India, will collaborate with Algorand to develop Web3 capabilities for young individuals. TiE Bangalore, a global venture supporting entrepreneurs, will partner with Algorand to provide educational initiatives for the Indian Web3 ecosystem. Additionally, the Mann Deshi Foundation, which supports India’s first rural bank for women, will work with Algorand to create a blockchain-based credit scorecard and identity system for women entrepreneurs. These partnerships aim to drive financial inclusion and promote the real-world utility of blockchain technology in India.

AlgoBharat Has Secured New Partnerships

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Partnerships with NASSCOM, TiE Bangalore, and Mann Deshi Foundation

The Algorand Foundation has expanded its presence in India with new partnerships with NASSCOM, TiE Bangalore, and the Mann Deshi Foundation. These partnerships mark an important step forward for AlgoBharat, Algorand’s initiative in India, and highlight the growing recognition and adoption of Algorand’s blockchain protocol in the country.

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Background of AlgoBharat

AlgoBharat is Algorand’s initiative aimed at expanding the adoption and use cases of the Algorand blockchain in India. Through AlgoBharat, Algorand has already established partnerships with prominent organizations such as the Self Employed Women’s Association (SEWA), Jawaharlal Nehru Technological University, and the Indian School of Business. These partnerships have focused on building the Web3 capabilities of enterprises and fostering the development of blockchain solutions.

Expansion of Algorand’s Footprint in India

The new partnerships with NASSCOM, TiE Bangalore, and the Mann Deshi Foundation further expand Algorand’s presence in India. These collaborations enable Algorand to leverage the expertise and networks of these organizations to drive the adoption of the Algorand blockchain across various sectors and communities in the country.

Partnership with NASSCOM

The partnership with NASSCOM, India’s leading trade body and chamber of commerce for the tech industry, is focused on collaboration with NASSCOM’s FutureSkills Prime skilling hub. Through this collaboration, Algorand aims to build out the Web3 capabilities of youngsters in India. By providing training and resources, Algorand and NASSCOM are empowering the next generation of developers and entrepreneurs with the necessary skills to participate in the blockchain revolution.

Partnership with TiE Bangalore

TiE Bangalore is a global venture that supports entrepreneurs. The partnership with TiE Bangalore is aimed at providing educational initiatives to support the Indian Web3 ecosystem. By leveraging TiE Bangalore’s extensive network and resources, Algorand aims to foster the growth and development of the Web3 ecosystem in India. This partnership will play a crucial role in nurturing the entrepreneurial spirit and driving innovation in the country.

Partnership with Mann Deshi Foundation

The Mann Deshi Foundation is dedicated to supporting India’s first rural bank for women. Through the partnership with the Mann Deshi Foundation, Algorand is committed to developing a blockchain-based credit scorecard and identity system. This system will provide women entrepreneurs with access to financial services and opportunities, ultimately enhancing financial inclusion and empowerment.

Partnership Types

These partnerships with NASSCOM, TiE Bangalore, and the Mann Deshi Foundation exemplify two types of collaborations undertaken by Algorand. The first type is organizational partnerships, which involve working with established institutions and industry leaders to strengthen the Web3 foundation and expand the developer base. The second type of partnership is focused on building specific use cases, such as the development of a blockchain-based credit scorecard and identity system for women entrepreneurs.

Impact of Partnerships

The partnerships between Algorand and these prominent organizations have the potential to pioneer financial inclusion and make a significant impact on millions of lives in underserved communities. Through the development of innovative solutions and the provision of educational initiatives, Algorand is working towards creating a more equitable and accessible financial ecosystem in India.

Expansion of Previous Partnership with T-Hub

Algorand has also expanded its previous partnership with T-Hub, a leading tech incubator in India. In addition to supporting startups, the partnership now includes the launch of “Startup Labs,” a program that offers mentorship to 20 Web3 startups. This initiative will provide startups with the guidance and resources they need to succeed in the rapidly evolving blockchain industry.

SEWA Collaboration

Algorand’s collaboration with the Self Employed Women’s Association (SEWA) focuses on a pilot program to help women earn high-value carbon credits. Through a blockchain-based solution, data will be collected to enable the issuance and tracking of carbon credits. This collaboration not only promotes sustainability but also empowers women to participate in the carbon credit market and generate income.

In conclusion, the partnerships between Algorand and NASSCOM, TiE Bangalore, and the Mann Deshi Foundation represent an important milestone in Algorand’s expansion in India. These collaborations enable Algorand to leverage the expertise and resources of these organizations to drive the adoption of its blockchain protocol and foster the development of innovative solutions. By pioneering financial inclusion and empowering underserved communities, Algorand is making a positive and lasting impact on the Indian ecosystem.

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