Blockchain in India has been gaining traction over the past several months.
Blockchain is a decentralized, public ledger that provides important features like immutability to prevent data corruption, strong encryption capabilities to ensure safety of data and transparency.
The technology has received widespread enthusiasm and excitement and leading banks, financial institutions, supply chain corporations, tech companies have come together to explore what can be achieved using the blockchain. A lot of proof-of-concepts are being done, a lot of beta releases are taking place every week.
Today cryptocurrencies and smart contracts are hot topics in tech circles. I have written widely on some pretty exciting examples implemented using the blockchain technology.
The concept of blockchain oracles have also received warm response more so because it helps existing systems leverage the powerful features that the blockchain provides.
Not to forget, the tangle being implemented by IOTA that aims to improve on the blockchain when it comes to scalability.
As you can already see, there are a lot of things happening on the blockchain front everyday and there are newer developments taking place.
Governments across the world have taken cognizance of the disruptive nature of the technology and are exploring ways of improving governance through the same.
India is currently undergoing a digital revolution and blockchain is on the agenda of the authorities at the state or federal and national level.
This is a continuous effort to log the efforts being made to accept and implement the technology for various purposes like governance, etc. in India by the Government, and the citizens through collaborations, start-ups, etc.