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Chandan Choudhary

FinancIal Markets a... • 1y

Govt will Stay in Grey area Be a if they will ban this than they will be left behind in tech as other countries will use it and innovate themselves and after a point India and whichever countries banned it they will get far behind. But, on other hand if they will promote or support it then the power they have by centralisation they will end up losing that which is again something they won’t let happen because only thing govt have is power whicH they get through centralisation and blockchain is decentralised so everyone will know everything and than they won’t be able to make things according to them So they’re neither supporting it fully and nor opposing .

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Sharon S

𝘈𝘴𝘱𝘪𝘳𝘪𝘯𝘨 𝘉�... • 1y

The future of government is fueled by blockchain. Learn how IBM Blockchain is helping government agencies. IBM is working with entities at all levels to prove blockchain’s value in leading the digital transformation of government. Even the Government of India has been taking a keen interest in blockchain technology and its application to the public domain, as is evident from the release of the “National Strategy on Blockchain” by MeitY in December 2021,While the Reserve Bank of India has been hostile towards cryptocurrencies in the past, it has been working on its own Central Bank Digital Currency (CBDC), the digital rupee, which it is set to launch in the near future. The “Tamil Nadu Blockchain Backbone” or “Nambikkai Inaiyam” aims to provide every citizen of Tamil Nadu with a unique state ID that would consolidate all their essential documents like e-sevai, academic and birth certificates into a single digital wallet.

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