AP signs MoU with Belfrics Global to develop start-ups

Visakhapatnam: Belfrics Global, one of the growing block chain development startups in India, on Wednesday announced that it signed a MoU with the Andhra Pradesh.

The MoU will pave way for developing Andhra Pradesh as the fintech hub of the country. Belfrics Global will develop block chain-based solutions, which will help the government to run its day-to-day affairs in a smooth and systematic manner.

Founder and CEO of Belfrics Global Praveenkumar Vijayakumar said, “We are expecting 300 per cent growth in our block chain vertical in 2018, thanks to the MoU. We are signing similar MoUs with other States, banking organisations and educational institutes for developing similar solutions for them.”

Special Chief Secretary and IT Adviser to Chief Minister, JA Chowdary said that the AP government welcomed Belfrics Global to set up their development centre in Fintech Valley – Vizag. “We will work in association with Belfrics in creating the critical manpower required for the block chain technology industry. We are also excited about the launch of Belfrics Academy in association with Gitam University in Visakhapatnam,” he stated.