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Blockchain startups perk up after govt unveils national framework

Livemint · 9m

The Indian government has launched a national blockchain framework called 'Vishvasya' to promote transparency and trust in public records and databases. The framework aims to support startups and companies in adopting blockchain technology, with targeted applications including court stamps, police training files, tracing mobile applications, and tracking agricultural produce. Experts believe that the framework will stimulate interest and innovation in the blockchain sector, providing struggling startups with a government-backed market and helping companies appreciate the benefits of blockchain technology. However, they acknowledge that mass-scale adoption may take time, particularly among large corporations.