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Even though Reserve Bank of India does not believes to accept the cryptocurrencies as a maintenance of a legal tender, yet, RBI states to initialise the concept of Blockchain technology to go with muscles with the Indian Banking and finance sector of the nation.
Also, conquering the thoughts of the Indian Finance Minister, Arun Jaitley, to imitate the national financial budget as the nation would get a chance to explore the utilization of Blockchain, India gets a platform to lead towards a digital economy.
As in the Indian sector, Blockchain is witnessed as a transgressing form, from the banking and finance sector of the market to numerous other involved application regions like the agriculture, healthcare or even the supply chain.
Thus, to make India the balding in sector in Blockchain technology, a global tech summit series called the World Blockchain Summit is entering India to collect government representatives, global blockchain experts or even the policy makers to access India’s out-run on the enormous blockchain adoption, for the first time.
According to the reports, Vivekdeep Gupta, Country Head, India R3, Bharat B Anand, CIO & CTO, Ministry of Home Affairs, Govt. of India, Kaustubh Dhavse, Joint Secretary & Officer on Special Duty to the Chief Minister, Govt. of Maharashtra and Dr. N. Rajendran, CTO of NPCI are mentioned as the top speakers in the Summit, who would present their viewpoints on the leading technology in India.
While many enormous private sector companies or organisations are heading hastily towards the blockchain technology, still certain count is yet to be met in the Indian sector. This states that certain enterprises are not captivated by the technology and still need to get familiar with its leverages
From the previous year’s records, India reveals a major commitment towards the technology by the Indian Government to follow through the blockchain projects and begin to hold it on a national level.