Hyderabad-based startup incubator T-Hub has partnered with XDC Network, an enterprise-grade blockchain platform.
The collaboration aims to accelerate the growth of Indian Web3 startups by providing them with world-class blockchain technology and resources.
The partnership will drive blockchain innovation and enable Indian startups to leverage XDC Network’s hybrid blockchain platform, which combines the best features of public and private blockchains.
Propose an incubation program
T-Hub and XDC Network will work together to deliver an incubation program that includes access to XDC’s technology, mentorship from industry experts, funding opportunities, and networking with global blockchain leaders.
With XDC Network already listed on major Indian cryptocurrency exchanges such as CoinDCX, Giottus and Unocoin, Indian developers and investors can easily access the platform.
Growth of the blockchain market
Blockchain adoption in India has the potential to create significant employment opportunities.
According to a Nasscom report, the blockchain market could generate $5 billion in revenue by 2024, leading to the creation of 800,000 to 1 million jobs in areas such as blockchain development, data analysis, cybersecurity and the creation of smart contracts.
As India’s IT workforce is growing and more than 50,000 blockchain developers are already skilled, this adoption could increase the employment rate in technology-related sectors and support the transition of countries towards a digital economy.
Additionally, sectors such as finance, logistics, and healthcare are expected to be key drivers of blockchain-based job growth.
Through this partnership, T-Hub aims to make India a leader in blockchain innovation, driving the development of advanced solutions in sectors such as finance, supply chain and digital assets.
This collaboration aligns with T-Hub’s mission to help startups create disruptive technologies that can compete on a global scale.
Comments from leaders
“Blockchain technology holds immense potential to revolutionize industries at all levels. Our partnership with XDC Network will give Indian startups the tools and support they need to innovate, scale and drive meaningful change,” said Mahankali Srinivas Rao, CEO of T-Hub.
“This is an exciting step forward in our efforts to create a thriving ecosystem for Web3 innovation in India,” added Rao.
“Our partnership with T-Hub is a major step in expanding the use of blockchain technology in India. By equipping startups with XDC’s cutting-edge platform, we aim to drive innovation and support the creation of effective blockchain-based solutions that can transform industries and create huge employment opportunities for youth,” said Sonny Mohanty, Head of Business Development and Ecosystem at XDC. Network.
The T-Hub and XDC Network partnership aligns with the Government of India’s ‘Make in India’ vision to promote local innovation and make India a global technology hub.
