Bangalore: EMURGO, the official commercial and venture arm of the Cardano project, a third generation blockchain, has formally announced its entry into the Indian market with the establishment of EMURGO Academy today. Along with local support from Indian Government officials and enterprises, EMURGO Academy will train developers and create blockchain experts to expand the usage of blockchain technology. This strategic business expansion aligns with EMURGO’s philosophy and mission to drive the adoption of the blockchain ecosystem.
Speaking on the launch of EMURGO Academy in Bangalore, Dr. K R Venugopal, Vice Chancellor, Bangalore University said, “Over the past few years, we have been witnessing an ever-increasing demand in the Indian marketplace for blockchain developers and experts. Out of the 4 million IT workforce in India, approximately 1.5 million of them are based in Bangalore. I am delighted with the launch of EMURGO Academy in the city and that will provide a platform to connect developers and organizations, enabling them learn the technology and implement it in their own business verticals. This will definitely open up better and newer opportunities for job aspirants in this field.”
Blockchain technology along with Big Data, Artificial Intelligence and Internet of Things (IoT) are expected to play central roles in the upcoming years across vast industries. The Indian government has spotlighted the potential applicability of blockchain technology to several use cases such as land registry, education and health records, and supply chain management.
Commenting on the occasion, E Venkatesan, Chief Executive Officer, EMURGO Academy, said, “Blockchain is gradually becoming a vital social infrastructure, similar to the Internet, and enables a more connected and equitable world. At EMURGO Academy, our vision is to empower all organizations and developers to build global solutions embracing blockchain technology towards a better future. We believe that education is the first step towards fulfilling that vision. We are sure that at least 2,500 graduates of EMURGO Academy’s blockchain courses will go on to be hired in the first year by some of the country’s largest and most innovative organizations, thus serving to meet the gap in demand for quality blockchain developers.”
In India, the IT market is one of the biggest in the country with a current market size of US $160 billion and projected to more than double to US $350 billion by 2025. The Indian IT industry employs 4 million workers with nearly half comprised of software developers. Yet, of the 2 million software developers in India, only 5,000 or a quarter of one percent (0.25%) possess the necessary blockchain development skills. “India has always taken the lead in the IT domain, whether in Product Development or Management. With the largest pool of talent graduating every year, we see a large potential to train these college students and professional to become Blockchain developers. Our plan is to be present in at least 200 institutions where we see upskilling and teach Blockchain as an opportunity,” shared Manmeet Singh, Chief Investment Officer, EMURGO on choosing to launch EMURGO’s Training & Education vertical in India.
Moving forward, EMURGO Academy will launch in other strategic regions across the globe to educate aspiring talents to develop on blockchain and drive the adoption of the ecosystem.