Strategy for national use of Blockchain likely

Shri Sanjay Dhotre, Minister of State for Electronics and IT (MeitY), informed the Lok Sabha that government is preparing a strategy for national level use of Blockchain technology to scale up and widely deploy the new age technology. The minister cited “Blockchain Technology as one of the important research areas having application potential in different domains such as Governance, Banking and Finance, Cyber Security and so on.”

In another move, MeitY ported a project titled Distributed Centre of Excellence in Blockchain Technology with The Centre for Development of Advanced Computing (C-DAC), The Institute for Development & Research in Banking Technology (IDRBT) and others as executing agencies.