The Government of Andhra Pradesh, the seventh largest state in India, has entered into an agreement with WISeKey, a leading Swiss cybersecurity and IoT company, to explore the implementation of blockchain technology proof-of-concepts (POCs) as pilot projects in various departments.

Noting the surge in cybercrime attacks all across the world, the government aims to simplify processes and to further enhance cybersecurity. Using the WISeKey blockchain technology, the government seeks to secure government-recorded data and enhance the security of citizen’s identity.

"We are looking towards WISeKey to play a leadership role in providing cybersecurity for the various initiatives of the government, but also drawing out the vision for smart cities who want to go beyond IoT, automation and use "Deep Tech" algorithmic technology, said JA Chowdary, Special Chief Secretary & IT Advisor to the Chief Minister of the Government of Andhra Pradesh. "Andhra Pradesh will be one of the first states in the world which will be implementing the Block Chain Technology in the transportation department," said N. Balasubramanyam, CEO and e-Pragathi & Transport Commissioner for the Government of Andhra Pradesh.

According to the official release, WISeKey is also keen to setup its development center in Vizag, the 'Fintech Valley' in the state of Andhra Pradesh. WISeID Blockchain technology, enable the user to determine which identification attributes are shared with the government, social media, credit cards, merchant sites etc.

"We are proud to be a part of the Fintech Valley foundation blocks. The opportunities we see ahead are immense, as technology will play a truly pivoting role in rolling governance at a cluster, city, district and state level. The Government of Andhra Pradesh has always been a leader and its vision has paved the way to for other governments to collaborate or adapt," said Amit Kumar, Managing Director, of WISeKey India Private Limited.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest