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GMR Launches Blockchain Center of Excellence for Airports

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GMR Launches Blockchain Center of Excellence for Airports

Hyderabad: GMR Group on Saturday launched a Blockchain Center of Excellence (CoE) for airports as part of its expansion of the GMR Innovex initiative.

GMR Innovex – Blockchain Center of Excellence will identify and incubate startups and catalyze the development of innovative products under the guidance of business leaders and domain experts in association with blockchain technology partners, according to a statement released by GMR Group.

The Blockchain CoE will provide access to the infrastructure and laboratories needed by start-ups, SMEs for the development and validation of solutions and services, from design to prototyping. It will also enable thought leadership, research, and training programs for skills development in the blockchain space.

MS Education Academy

GMR Innovex has signed a Memorandum of Understanding (MOU) with Idealabs, Polygon, Koinearth, India Blockchain Forum and Veroince to explore opportunities, identify use cases related to blockchain technology for airports and ancillary businesses.

Jayesh Ranjan, Principal Secretary for Industries and Commerce (IofC) and Information Technology (IT), Government of Telangana was the chief guest on the occasion.

Speaking on this occasion, SGK Kishore, ED-South and Chief Innovation Officer – GMR Airports said: “We are delighted to launch the Blockchain CoE for our group, which intends to work with various players in Distributed technology. Ledger Technology (DLT), to build a multitude of applications for the distributed technology landscape.

“We believe the industry is slowly emerging in terms of the usefulness and value that DLT systems present, especially for a multi-stakeholder environment like airports. We already have use cases that we want to build on and that will help create transparency, trust, data barter, and shared value and experience for our partners and customers,” said Kishore.

India Blockchain Forum Chair Prasanna Lohar said, “The India Blockchain Forum is delighted to partner with GMR Innovex on its journey towards building the CoE and building enterprise-class dApps. We believe that being a foundational technology, Blockchain has a lot of applicability and relevance in the wider aviation space. We should see that this collaboration will bring much-needed innovation for the aerospace.

GMR Innovex has onboarded Pankaj Diwan as Chief Evangelist to lead the GMR Innovex Blockchain CoE, which has long been associated with blockchain-related activities. It will also be supported by a group of blockchain advisors who are a group of experts and practitioners in different verticals, GMR Group said in the statement.

“Blockchain is emerging as the greatest business disruptor after the advent of the internet, with the potential to transform entire business ecosystems. Idealabs is pleased to partner with GMR Group and GMR Innovex for Blockchain CoE. We are excited to help the GMR Innovex Blockchain CoE build in-house blockchain skills and explore relevant use cases in the airport ecosystem,” said Pankaj Diwan, who is also the founder of Idealabs Future. Tech Ventures.

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