Dec 01, 2019 at 10:00
Indian Government is Willing to Support Blockchain with a National Framework
The ministry of electronics and IT (MeitY) in India revealed on November 27, 2019, that the government is formulating an approach document regarding a National Level Blockchain Framework that tackles the advantage of the groundbreaking blockchain and distributed ledger technology (DLT) plus the urgent need for a collective facility for various applications.
Oct 08, 2019 at 11:53
Walmart to put Indian Shrimp on the Blockchain
Walmart is collaborating with IBM’s Food Trust initiative to improve the supply of delicious seafood shrimp from India. Walmart also promised to help small seafood exporters to attain Best Aquaculture Practices (BAP) certification to improve product competitiveness on the global market.
Oct 07, 2019 at 11:00
India Plans to Build Transparent Contracts Using Blockchain
The Indian government is planning to develop effective contracts using innovative technologies including blockchain. Agreement implementation is a main engine of an economy where all financial dealings such as transactions, are principally agreements among the participants, such as companies, governments, organizations, etc.
India: Maharashtra State Plans to Use Blockchain in Sensitive Areas
India’s second most populous state and third-largest state by area, Maharashtra, is considering adopting blockchain tech in many fields including vehicle registration, document management systems, agriculture marketing and supply chains. The state’s administration is working on a regulatory sandbox for experimenting blockchain and distributed ledger tech (DLT) solutions across different significant applications. It really wants to enhance the efficiency, speed and efficacy of their operations.
IMC Recommends that Cryptocurrency Should Be Banned in India
The Indian Inter-Ministerial Committee (IMC) was created to evaluate the potential of bitcoin and other cryptocurrencies so it can work productively. IMC admits the competencies of blockchain technologies but went ahead to recommend a blanket ban on all individual digital currencies existing in the country including Bitcoin, the world’s oldest altcoin.
“There is No Cryptocurrency Ban,” Indian Government Says
The government of India seems to be confused when it comes to the previous bitcoin and cryptocurrency ban. Last year, the government made it clear that whoever is caught illegally participating in the mining, buying or selling of cryptocurrencies, he or she will be jailed for around 10 years, according to the draft "Banning of Virtual Currency Restrictions and Official Cryptocurrency Regulation Bill 2019". With the help of VPN, citizens continued to deal in cryptocurrencies and nothing was done to them. Now, the authority has come out to show its position on this matter, by revealing that the financial authorities have imposed no restrictions yet on digital currency dealings.
India Shows Skepticism About Facebook Cryptocurrency
The Republic of India, the seventh-biggest nation by area geographically located in South Asia, has shown much disbelief in the new cryptocurrency owned by Facebook known as Libra aka GlobalCoin. In fact, the coin will not be allowed to operate in the country.
India: RBI Develops a Blockchain Platform for Banking
The Reserve Bank of India (RBI) develops a blockchain-based platform for banking starting with its R&D branch. The distributed ledger tech (DLT) platform is going to host a wide spectrum of blockchain applications beginningovel in 2020. The blockchain-powered platform will serve financial institutions including banks and will start with the RBI’s R&D branch. The new platform is generally for DLT use case for the government in financial banking.
India Dapp Fest Recaps – Highly Successful Blockchain Conference in India
We believe “Alone we are one drop - Together we’re an ocean” – And yes, our latest blockchain conference, India Dapp Fest '19 in Silicon Valley of India was a great success and it wouldn't have been possible without the support and cooperation of our sponsors, media persons, outreach partners, developers, audience and the entire community who excitedly marked their presence at the venue.