Indian Government collaborates with ImpactPPA to generate 50 million jobs 9392
News
Sharat Chandra
May 16, 2018 at 8:46 PM

At Consensus 2018 blockchain summit, ImpactPPA announced the company had been roped in as the blockchain technology partner for a significant economic development project in India. ImpactPPA is an ethereum based decentralized energy platform built to disrupt renewable energy finance and accelerate clean energy production. The government initiative, Bhartiya Harit Khadi Gramodaya Sansthan (BHKGS), which roughly translates to the “Indian Green Cotton Textile Village Development Organization,” hopes to generate up to 50 million jobs for women from various states in India.

 

“It’s an honor to work with the government of India to deploy out technology solutions,” said Dan Bates, CEO of ImpactPPA. “A project of this scope clearly demonstrates that the use of renewable energy and blockchain technology has reached the mainstream. This partnership perfectly aligns with our fundamental mission to help improve quality of life with energy as the engine for social good and greater economic justice.”

“Having worked with the government of India on various solutions and projects for social impact, this alliance is a game-changer,” said Aradhana Singh, CEO and Managing Director of Sarang Services Pvt. Ltd., the company serving as the local partner for this project in India “We are thrilled that ImpactPPA will be the provider of energy and blockchain technology and services for the project, bringing tangible economic growth opportunities while advocating women’s empowerment.”

ImpactPPA leverages blockchain and smart contract technology and unshackles the energy financing sector which has the monopoly of government bodies. The transparency of blockchain would cut down the red-tapism of bureaucracy and fast-track projects.

 

Image via ImpactPPA Twitter Page