Kerala is to become the second Indian state to get its own Blockchain academy in a joint scheme between the Indian Institute of Information Technology and Management-Kerala, hereinafter IIITM-K and international learning and business development platform Blockchain Education Network, hereinafter BEN.

The initiative was announced a recent Blockchain workshop held by the IIITM-K in Kerala’s capital Thiruvananthapuram, with director Dr. Rajasree MS confident of its potential.

“Banking, health care [sic], and governance are the three major avenues where Blockchains [sic] will find applications,” he said quoted by Indian Express Sunday.

Professor S Rajeev, a consultant at Maker Village, a subsidiary incubator run by IIITM-K, added that “Blockchain [sic] technology, which leverages the idea of a distributed and decentralized ledger, will open up new avenues both in the software and hardware sectors.”

The focus of such ‘academies’ in both Kerala and pioneer Bangalore remains somewhat vague but points to a desire to understand the impact of technology on various spheres of the economy.

At the same time, India’s central bank last week suggested Blockchain becoming mainstream was a “pipe dream” and that such technology could only gain popular acceptance with the endorsement of authorities.