EMURGO, the official commercial and venture arm of the Cardano project, a third generation blockchain, has formally announced its entry into the Indian market with the establishment of EMURGO Academy today.
Commenting on the occasion, E Venkatesan, Chief Executive Officer, EMURGO Academy, said, “Blockchain is gradually becoming a vital social infrastructure, similar to the Internet, and enables a more connected and equitable world. At EMURGO Academy, our vision is to empower all organisations and developers to build global solutions embracing blockchain technology towards a better future. We believe that education is the first step towards fulfilling that vision. We are sure that at least 2,500 graduates of EMURGO Academy’s blockchain courses will go on to be hired in the first year by some of the country’s largest and most innovative organisations, thus serving to meet the gap in demand for quality blockchain developers.”
Blockchain technology along with Big Data, Artificial Intelligence and Internet of Things (IoT) are expected to play central roles in the upcoming years across vast industries.
Moving forward, EMURGO Academy will launch in other strategic regions across the globe to educate aspiring talents to develop on blockchain and drive the adoption of the ecosystem.
In India, the IT market is one of the biggest in the country with a current market size of US $160 billion and projected to more than double to US $350 billion by 2025. The Indian IT industry employs 4 million workers with nearly half comprising software developers. Yet, of the 2 million software developers in India, only 5,000 or a quarter of one per cent (0.25%) possess the necessary blockchain development skills.