Hyderabad, India – Hyderabad-based startup incubator T-Hub has joined forces with XDC Network, an enterprise-grade blockchain platform, to accelerate the growth of Indian Web3 startups. The collaboration aims to provide startups with world-class blockchain technology and resources, driving innovation and enabling them to build on XDC Network’s hybrid blockchain platform.
T-Hub and XDC Network will jointly offer an incubation program that includes access to XDC’s technology, mentorship from industry experts, funding opportunities, and networking with global blockchain leaders. With XDC Network already listed on prominent Indian cryptocurrency exchanges, Indian developers and investors can easily access the platform.
The partnership is expected to significantly boost blockchain adoption in India, creating new employment opportunities and driving economic growth. According to a Nasscom report, the blockchain market could generate $5 billion in revenue by 2024, resulting in the creation of 800,000 to 1 million jobs. This adoption could be further accelerated by India’s large pool of skilled IT professionals, including over 50,000 blockchain developers.
T-Hub and XDC Network aim to establish India as a leader in blockchain innovation, fostering the development of advanced solutions across industries such as finance, supply chain, and digital assets. This collaboration aligns with T-Hub’s mission to support startups in building disruptive technologies that can compete globally.
“Blockchain technology holds immense potential to revolutionize industries across the board. Our partnership with XDC Network will give Indian startups the tools and support they need to innovate, scale, and drive significant change,” said Mahankali Srinivas Rao, CEO of T-Hub.
“Our partnership with T-Hub is a major milestone in expanding the use of blockchain technology in India. By empowering startups with XDC’s cutting-edge platform, we aim to foster innovation and support the creation of impactful blockchain-based solutions that can transform industries and create massive job opportunities for youth,” said Sonny Mohanty, Head of Venture and Ecosystem building at XDC Network.
The T-Hub and XDC Network partnership is aligned with the Government of India’s “Make in India” vision to promote homegrown innovation and establish India as a global technology hub.
