28/11/19 02:40 UTC-5

India is developing a national blockchain strategy

The Indian government has announced plans to adopt a blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
through the creation of a national strategy focused on new technologies.


Blockchain strategy in India

Sanjay Dhotre, Minister of State for Electronics and Information Technology in the Government of India, said that “a blockchain strategy is being prepared at the national level,” given the potential of the technology and various use cases.  

“Blockchain is one of the important areas of research and can be applied in areas such as governance, banking, finance and cybersecurity.” – said the Minister.

To this end, the country's Ministry of Electronics and Information Technologies also supported the blockchain project, called the “Distributed Center for Advanced Technologies in Blockchain Technologies”, in collaboration with other government agencies, including the Institute for Development and Research in Banking Technologies.

Interesting in the section: The European Investment Fund is investing €400 million in blockchain development

  • On August 8, CEO of Crebaco Global Inc. research firm, said in an interview with AMBCrypto that India would lose about $13 billion if it banned cryptocurrencies.  

See also: "Zilliqa partnered with Elliptic, a blockchain analytics startup"

#India #blockchain #cryptocurrency

Editor: Yuliya Soroka