Blockchain District Hyderabad announced their associate membership of Inter Work Alliance to promote efficient process governance, ease of auditing and enhance data security. Blockchain District Hyderabad steps ahead to achieve the vision of making Hyderabad a blockchain hub by joining hands with Inter Work to adopt and use token-powered distributed services in several day-to-day operations.
Inter Work Alliance is a global organization dedicated to simplifying the world of token-powered digital interchange. It was formally launched last month as a platform-neutral, non-profit organization dedicated to creating the standards frameworks needed to increase innovation across token-enabled ecosystems.
The Inter Work Alliance will set the standards for building distributed applications, including appropriate frameworks for tokenizing items of value, writing contracts over those tokens, and privacy-preserving analytics of multi-party data.
In this Inter Work Alliance there are large set of private sector organizations, governments, academics, and civil society at large that share the vision of a world of collaboration built on digitally interchanging values as tokenized items. Its mission is to empower organizations to adopt and use token-powered distributed services in their day-to-day business operations such as commerce, exchange, and trade.
This membership allows Blockchain District Hyderabad to create the ideal world that Inter Work Alliance wants to create one where all values and rules are built in composition frameworks around pre-defined values (TTF) and pre-defined contractual clauses (IWF) that interact with each other. This widened the opportunities across use cases such as global sustainability, supply chains, healthcare and other areas, and enables large-scale adoption of Blockchain technologies in different public sectors or in government said Jayesh Ranjan, Principal Secretary, Information Technology &Communications Department, Government of Telangana.