To increase The Awareness of cryptocurrencies and its underlying technology, the International Blockchain Consortium is set to be launched on Friday at the upcoming International Blockchain Congress in Hyderabad, India. The congress is to be attended by various participants all over the world.

The International Blockchain Consortium is aimed at increasing the value and annexing the unending benefits of crypto technology as reported by the Indian Express.

An international Blockchain Consortium is to be formed at the upcoming International Blockchain Congress in Hyderabad, India on Friday.  The congress is to be attended by various participants from all over the world, which will lead to the creation of an International Blockchain Consortium that involves as many participants present from many countries. The purpose of the establishment is to further the course of cryptocurrency and blockchain technology in the world.

The International Blockchain Congress is to be jointly hosted by NITI Aayog Government of India, the State Government of Telangana, the State Government of Goa, and event organizer Nucleus Vision, as delegates converge to take crypto and blockchain tech to the next level in the world.

A population of over 3000 participants is expected to be in attendance from all over the world, which includes blockchain investors, innovators, enthusiasts, startups, regulators and other stakeholders from the crypto ecosystem.

The CEO of Nucleus Vision Abhishek Pitti informed India Express that,

“Several initiatives that will help in the propagation of blockchain technology will be taken up during the conference. Global Blockchain Protocol Consortium will be launched during the event. This will be an important milestone in popularising blockchain and streamlining various stakeholders and efforts going on globally towards a collective and concerted aim. India and China are members of this consortium.”

The international congress will feature discussions on promoting crypto technology, networking opportunities and giving opportunities to stakeholders in the emerging virtual currency technology at the two days summit.

As the preparation is being jeered up for the event, hopes are raised high, as the participants are expecting the Congress and the new International Blockchain Consortium to serve its purpose. They hope the new IBC will provide a unified platform towards blockchain development in the world.

Though blockchain technology is still an emerging technology, which still receives doubts from many quarters, it has continually shown that the world is yet to see its best. As the blockchain technology is already annexed in transportation, academic, financial system, and the healthcare sector. The sky is just the starting point for the technology as the world meets to discuss more progress.

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