GMR Innovex starts Blockchain CoE to incubate start-us for airports
Infrastructure company GMR Group on Saturday said it has set up a centre of excellence to incubate start-ups in the blockchain space.
The Centre of Excellence (CoE) is part of the expansion plan of the group’s innovation arm GMR Innovex.
GMR Innovex signed a memorandum of understanding with Idealabs, Polygon, Koinearth, India Blockchain Forum and Veroince to explore opportunities, identify blockchain technology related use cases for airports and ancillary business, the company said in a statement.
The CoE intends to work with various distributed ledger technology (DLT) players to build a slew of applications. The industry is slowly emerging with respect to utility and value that DLT systems present, specifically for a multi-stakeholder environment like airports, GMR Airports, ED-South and Chief Innovation Officer, SGK Kishore said.
