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GMR Launches Blockchain Center of Excellence

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GMR Launches Blockchain Center of Excellence

Embracing innovation and building on its commitment to “create tomorrow today,” GMR Group on Saturday launched a Blockchain Center of Excellence (CoE) as part of the expansion of GMR Innovex.

The center will identify and incubate startups and catalyze the development of innovative products under the leadership of business leaders and domain experts in association with blockchain technology partners. It would provide access to the infrastructure and laboratories needed by startups and SMEs for the development and validation of solutions and services, from design to prototyping. It will also enable thought leadership, research and training programs to improve skills in blockchain.

They have also signed an 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.

Speaking on the occasion, GMR Airports Executive Director South and Chief Innovation Officer SGK Kishore said the center intends to work with various Distributed Ledger Technology (DLT) players to create a host 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 plan to develop that will help create transparency, trust, data barter and shared value and experience for our partners and customers,” he said.

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