- CoinDCX has partnered with a local learning institution on a strategic research partnership that will support crypto development and innovation among students.
- India’s crypto community has continued to surge in recent months despite the looming threat of a blanket ban and a strict anti-Bitcoin stance by the central bank.
India has become one of the world’s most vibrant and fastest-growing cryptocurrency markets even as the threat of a Bitcoin ban looms large. And now, one of the country’s largest exchanges has partnered with a top local learning institution on a research and education project that seeks to promote crypto development and innovation among young minds.
As per the Chainalysis 2021 Global Crypto Adoption Index, India ranks second, only trailing Vietnam as the country with the highest crypto adoption. It ranked second for on-chain value received after China.
CoinDCX, one of the country’s largest exchanges wants to boost this adoption by focusing on the young minds in institutions of higher learning. In a press release shared with CNF, the exchange revealed that it had joined hands with the Birla Institute of Technology & Science Pilani for crypto research, development, and innovation among students.
Sumit Gupta, the CEO, and co-founder of CoinDCX believes that the success of India’s economy in the future lies in exploring emerging technology, and blockchain and crypto are key among these.
He stated:
Blockchain and crypto have quintessential roles to play in helping high-growth, and digitally-inclined economies like India supercharge its pace of growth and development. If allowed to thrive, the technology has massive potential to engender real socio-economic change, by improving the lives of people and businesses.
The partnership with the institution seeks to “advance crypto innovation in India and value-add to the country’s blockchain ecosystem, with academia as a critical enabler,” Gupta added.
The partnership is summed up into two key pillars – blockchain literacy and research in decentralized systems. Among the fields that it will explore include smart contracts, and the development of decentralized apps, better known as dApps.
Over 100 students at the institution will be trained on blockchain over the next year as well as the development of educational materials such as whitepapers.
Neeraj Khandelwal, the other CoinDCX co-founder commented:
The Indian market currently stands as a unique opportunity for the crypto industry, yet, it has not been tapped to its fullest potential. As the leading advocate of crypto in India, CoinDCX is committed to supporting the growth and maturation of blockchain and associated Web 3 technologies.
Related: India Central Bank warns of the “immediate risks” posed by private cryptocurrencies
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