Algorand to drive Web3 adoption in India through key partnerships

Algorand Foundation announced several partnerships in India, including collaborations with schools to develop educational programs to help grow Web3 in the country. 

In an announcement sent to Cointelegraph, the Algorand team said it partnered with Jawaharlal Nehru Technological University Hyderabad and the Indian School of Business to launch educational programs. This includes programs for faculty development and student developer training. Additionally, the firm will host a master class for businesses looking to dive into the Web3 space.

Anil Kakani, Algorand’s recently-appointed country head for India, said that the partnerships aim to build sustainable impact. He explained:

“We are ready to take center stage in India and across the globe to fuel world-changing solutions to improve access to financial services, healthcare, education and so many other critical applications.”

Apart from the educational sector, the company is also trying to tap into the country’s startups. Algorand also announced a partnership with T-Hub, an innovation center based in Hyderabad. According to T-Hub CEO Srinivas Rao Mahankali, the partnership will help local startups access capital from across the world and scale their projects globally. 

The Algorand foundation also became the technology partner for a Global Climate Resilience Fund launched by the Clinton Foundation. The fund will contribute to helping local businesses connect with carbon markets and monetize carbon credits. The firm will support women-led businesses through seed investments and accelerator programs to increase financial inclusion. Algorand Foundation CEO Staci Warden said:

“I am thrilled to be back in India, and especially to see the embrace and enthusiasm by people across the country for technology that can so significantly and positively impact their quality of life.” 

Warden mentioned that the partnerships will help blockchain live up to its potential and aid the local ecosystem in becoming a more inclusive economy. 

Related: Algorand Foundation outlines $35M exposure to crypto lender Hodlnaut

The Algorand Foundation has been continuously expanding its presence globally. On Dec. 13, 2022, the company announced that it had been chosen to support a bank and insurance guarantees platform in Italy.