Telangana State Information Technology, Electronics and Communication department (ITE&C) signed Memorandum of Understanding (MoU) with Tech Mahindra to launch India’s first Blockchain district.
The MoU was signed at International Blockchain Congress 2018 held in Hyderabad.
Blockchain is decentralized incorruptible digital ledger for storing data across peer-to-peer network. It decentralizes information without it being copied.
This database is not stored on physical servers but on cloud, which makes it easy to store unlimited data