Kerala Blockchain Academy Becomes R3’s General Partner

The Kerala Blockchain Academy (KBA) is now officially the general partner of R3. KBA is a governmental initiative by the Indian Institute of Information Technology and Management.

According to a report on August 27th by The Economic Times, the local news outlet, R3, a New York-based enterprise blockchain company selected KBA as their general partner. The academy had already purportedly designed and built a developer certification program on the Corda blockchain by R3, which was made specifically for technology and banking professionals. 

Governmental blockchain education

As per the report, KBA is the first ever governmental association in India which supports a development program by Corda blockchain. Additionally, this initiative gives an in-person education and training on technologies like Ethereum (ETH) and Hyperledger.

While India has a hostile environment for crypto enthusiasts, it has been comparatively more open towards the blockchain technology. Recently, it was reported that the government of Maharashtra is developing a regulatory sandbox to experiment with blockchain solutions for many different applications in various industries.

R3’s broader work

According to a report by The Financial Times, a number of banks in Kerala have already started to leverage the Corda platform for their core financial systems. R3 assists over 300 organizations working to build the distributed ledger systems to use them in sectors like finance and insurance.

As Blockchain Magazine reported earlier, the operation of Corda, R3’s enterprise blockchain platform was being delayed due to fundamental disagreements and disputes regarding its core vision.