National use of Blockchain technology is in the offing: MeitY

With an aim to scaling up and widely deploy the new age Blockchain technology, the government is preparing a strategy for its use at the national level. Responding to a question in the Lok Sabha, the ministry of electronics and information technology (MeitY) said, "Considering the potential of Blockchain Technology and the need for shared infrastructure for different use cases, an approach paper on National Level Blockchain Framework is being prepared..."

For instance, MeitY has supported a multi institutional project titled Distributed Centre of Excellence in Blockchain Technology with The Centre for Development of Advanced Computing (C-DAC), The Institute for Development & Research in Banking Technology (IDRBT) and others as executing agencies. Similarly, the Center conducted research on the use of Blockchain and developed Proof-of-Concept solutions.