Indian government think tank pilot blockchain verification

nRunaway Comment: Although the Indian government has always been skeptical of cryptocurrency, but it is still very optimistic about blockchain technology. So far, Indian government policy makers and local governments such as Andhra Pradesh are exploring the potential applications of blockchain technology in many areas. More recently, however, the National Institute of Reconstruction (NITI Aayog) is developing proof of concept to explore the blockchain in key areas such as education, health and agriculture.n
nTranslation: Clovern
Indian government policy makers are looking at the potential applications of blockchain in all areas.n
In this process, the transformation of NITI Aayog is developing proof of concept to explore the blockchain in key areas such as education, health and agriculture.n
It has been reported that an unnamed senior government official said the prospect of blockchain in terms of secure verification documents was the main reason for the potential adoption of the technology.n
Just before the Indian think tank agency took the move, the agency just launched a hackathon contest using blockchain technology in November 2017, in conjunction with Harvard’s blockchain start-up Enterprise Proffer jointly organized.n
Although the Indian government is skeptical about cryptocurrencies, it is more optimistic about blockchain technology.n
In June 2017, several local governments in India, including Andhra Pradesh, revealed that they are studying the use of blockchain technology in land registration systems – a system for tracking real estate owners.n
In addition, just last September, the Indian central bank research group announced plans to launch a new blockchain platform to build and support a range of bank-related services.n

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