Indians Will Have National Blockchain Strategy

Suzat

November 27, 2019 11:04 pm

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The Indian government has planned to launch a national blockchain strategy to expand the technology’s adoption in the country. According to the report, India’s Ministry of Electronics and Information Technology (MeitY) said that it sees the potential of blockchain technology and the need for the development of a shared infrastructure to carry out related use cases. The Ministry included that it is working on the “National Level Blockchain Framework.”

Sanjay Dhotre, the Minister of State for Human Resource Development, Communications, Electronics and IT, highlighted blockchain’s capability and potential in sectors such as governance, banking, finance, and cybersecurity, among others.

Other Indian states such as Tamil Nadu, Andhra Pradesh, Karnataka, and Kerala was also working on a state-level policy for blockchain technology and artificial intelligence. Tamil Nadu’s blockchain and AI policies are expected to establish ground rules on how the state government can apply the emerging technologies for service delivery and solving governance issues.

Earlier this year, Telangana (a Southern State in India) also released a draft blockchain policy initiative, which intends to establish an ecosystem for blockchain startups and research institutes. The initiative particularly focuses on projects working to develop blockchain applications for the banking and financial sector, pharmaceuticals, logistics and solutions for government sectors.

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