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Indian PM Narendra Modi talks blockchain

The Indian government is gradually warming up to the blockchain revolution that has already engulfed major economies of the world.

While the Indian banking sector has been actively involved in blockchain space – with initiatives such BankChain and other blockchain projects – the government revealed its plans for blockchain push only recently when Finance Minister said that the government “will explore use of block chain technology proactively for ushering in digital economy.”

Now, Prime Minister Narendra Modi has also come out in support for the technology at the 22nd Edition of the World Congress on Information Technology (WCIT), BTCManager reported.

Speaking at the event via video conference, Modi said that cutting-edge technologies such as Internet of Things (IoT) and blockchain could significantly transform the way we work and live. He also tweeted the same:


At WCIT, Modi launched ‘FutureSkills’ – a new platform for skill development in eight varied technologies. The platform is an initiative of the National Association of Software and Services Companies (NASSCOM).

In a recent report, The Economic Times said that the government’s think tank Niti Aayog is working on a discussion paper on the potential use of blockchain technology in areas such as land records and electronic health records.

Recent reports suggest that a number of Indian states are going big on blockchain and ​have either already launched or going to launch blockchain pilot projects in next couple of months.

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