[2017-01-23] Hindu: Blocktrust founder sees bright future for Vizag

[polynesia]

Blocktrust founder sees bright future for Vizag

http://www.thehindu.com/news/cities/Visakhapatnam/Blocktrust-founder-sees-bright-future-for-Vizag/article17079593.ece

Vijayakumar Konda, co-founder of Blocktrust, one of the companies which started operations at FinTech (financial technology) Tower in the city, is confident of Visakhapatnam finding a place on the world IT map in three to five years.

In an email interview, he has told The Hindu that the city has the potential to become the next generation digital technology hub with the State government’s decision to develop it into a FinTech Valley.

Blocktrust specialises in Blockchain, a new technology considered an improved format of Bitcoin as it typifies proof of all the transactions on the network. It facilitates recording of all or some recent transactions and once completed puts it into Blockchain as a permanent database.