Bengal taking a lead in fintech and blockchain technologies
West Bengal

Bengal taking a lead in fintech and blockchain technologies

Agency News

Kolkata, Sep 25: The State Information Technology & Electronics (IT&E) Department will be developing a network to ensure that its Fintech Hub and the upcoming Silicon Valley Hub can work in close coordination with each other.

The State Government will ensure that both traditional and emerging businesses find a suitable home in Bengal. Chief Minister Mamata Banerjee had laid the foundation stone for the Silicon Valley project in New Town last month, where leading companies like Reliance, Amazon, Fujisoft. etc. have already evinced interest in investing.

The Fintech Hub, with a number of financial institutions, is looking to use the best of technology, particularly for safe and secure transactions. A user manual has also been released by the IT minister recently on use cases of blockchain-based crowdsourcing solutions that have been developed by his department at the workshop.

The government is working on taking a lead in fintech and blockchain, as these technologies will soon emerge as a major job creator in the days to come. Blockchain technology developed by the State IT&E Department has been made available for the Vivek Tirtha project being carried out by the Ramakrishna Mission. (UNI)