AlgoBharat, an initiative backed by the Algorand Foundation, is actively working to accelerate the adoption of blockchain technology in India. Their latest move involves the establishment of the India Advisory Committee, comprised of six individuals tasked with providing guidance and fostering the adoption of blockchain technology. Former government official RS Sharma will be heading the committee.
Dr. Sharma thinks that blockchain technology can really help the nation grow and forming this committee shows that Algorand Foundation is committed to making that happen. He is excited to work with experts who have lots of experience in the public sector and innovation.
A recent report reveals India has made great progress in involving more people in its financial system. In a period of just six years 80% of the population has access to the system. Algorand Foundation believes that blockchain can help even more with this and that is why they have set up the India Advisory Committee.
The committee has six members and they all have backgrounds in leadership as well as innovation in the public sector. Some of the names include Dr. Indu Bhushan, Dr. KP Krishnan, Anuradha Mitra, Prashant Saran, Dr. Ram Sevak Sharma and Ashok Pal Singh. Their main job is to give advice, share their thoughts, work with the government and help with policies related to blockchain.
Anil Kakani, who is the Vice President and India Country Head at the Algorand Foundation, said that they are lucky to have such great leaders on the board. He believes that as more people understand how powerful blockchain can be in different areas. The committee’s support will help India become a leader in blockchain technology.