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Bitfury to Set up a Blockchain Innovation Centre in Hyderabad

The Bitfury Group, the largest full-service blockchain technology company in the world, plans to establish a Blockchain research and innovation centre in Hyderabad

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Blockchain District on Saturday forged new partnerships with Bitfury and Indian School of Business (ISB). Pixabay

The Bitfury Group, the largest full-service blockchain technology company in the world, will establish a Blockchain research and innovation centre in Hyderabad.

Bitfury, a billion-dollar tech giant on Saturday entered into a partnership with Telangana’s Blockchain District in this regard.

It will also offer courses, necessary incubation and mentoring support to all associated members.

Blockchain District on Saturday forged new partnerships with Bitfury and Indian School of Business (ISB).

ISB will be offering co-working space, access to investor network, business expertise and many more benefits to Blockchain District startups.

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Bitfury will also offer courses, necessary incubation and mentoring support to all associated members. Pixabay

Jayesh Ranjan, Principal Secretary, Infornation Technology, Electronics and Communications Department, Government of Telangana launched Blockchain District logo and website on the occasion.

Ranjan said that after several rounds of consultations with industry and academia, the government conceptualized Blockchain District, which aims to be among the world’s top 10 leading Blockchain technology ecosystem by proactively driving key initiatives for developing talent pool, infrastructure, research and innovation and community building.

“Blockchain District provides a platform which enables the stakeholders to collaborate, co-create and build solutions in blockchain technology, which today is at a nascent stage, but has enormous potential in the coming years,” said Ranjan.

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The Bitfury Group, the largest full-service blockchain technology company in the world, will establish a Blockchain research and innovation centre in Hyderabad. Pixabay

“Telangana being the hub of innovation and technology would always strive to be the first mover in tech-domains,” he added.

Government of Telangana, IIITH, C-DAC and Tech Mahindra are the founding members of Blockchain District.

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MLR Institute of Technology was also onboarded to extend support in research and development and incubation. (IANS)

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Google Having Access to Fitbit’s Data a Privacy Risk: EDPB

Google accessing Fitbit data major privacy risk: EU advisors

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EDPB was warned the European Commission of the potential privacy risks of Google having access to Fitbit's data. Pixabay

The European Data Protection Board (EDPB) was warned the European Commission of the potential privacy risks of Google having access to Fitbit’s data.

This comes in the wake of the tech giant’s plan to scoop up the health and activity data of millions of Fitbit users, months after its parent company Alphabet acquired it.

Regulators are in the process of considering whether to allow the tech giant to gobble up all this data, TechCrunch reported on Thursday.

In a statement, the board writes: “There are concerns that the possible further combination and accumulation of sensitive personal data regarding people in Europe by a major tech company could entail a high level of risk to the fundamental rights to privacy and to the protection of personal data.”

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Regulators are in the process of considering whether to allow Google to gobble up all this data, TechCrunch reported on Thursday. Pixabay

It is pertinent to note that, as it stands today, Google is still waiting on regulatory approval for its Fitbit acquisition.

In the EU, how privacy is handled will have a huge impact on whether or not the deal goes through.

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The EDPB also leaves a reminder that Google and Fitbit are obligated to conduct a transparent assessment of “the data protection requirements and privacy implications” regarding this merger. The US Justice Department has also raised concerns, according to 9to5Google.

Aplphabet-Google acquired Fitbit as a whole for $2.1 billion late last year, a deal that includes the user data of Fitbit customers including activity, sleep, location, and other health data. (IANS)