Blockchain to beUsed in Various Spheres in the Second-Largest Indian State, Maharashtra

Blockchain to beUsed in Various Spheres in the Second-Largest Indian State, Maharashtra

The government of the Indian state of Maharashtra is getting ready a regulative sandbox for testing blockchain solutions across numerous applications.

According to a report by Indian English-language news daily DNA India in August. 19, the govt aims to use blockchain technology in supply chains, agricultural promoting, vehicle registration and document management.

The Maharashtra Information Technology board of directors will lead the development and also the government has already earmarked 100 million rupees (~$1.4 million) for blockchain adoption from 2019–2020. 40 million ($560,000) has been approved outright by the implementation committee. State IT department principal secretary S.V.R. Srinivas told DNA India:

"The authorities are adopting a cutting edge technology to assist enhance potency within the governance. Already the govt has completed its 1st blockchain pilot within the fields of health, supply chain, documents, and SSC certificates. a detailed report has been prepared to go in for extensive use of blockchain technology in varied government departments. A regulative sandbox, which will be a standard framework for adopting blockchain technology, are prepared in next 5 to 6 months.''

Containing the capital of Mumbai, the state of Maharashtra is the second-largest state in India and is home to over 114 million individuals. The state’s government antecedently signed a memorandum of understanding with the Bahrain Economic Development Board to develop a framework for the joint promotion of fintech.

Various Indian corporations and government establishments are applying blockchain technology to their businesses and administrative models. In June, news broke that the reserve bank of India is developing a blockchain platform for banking in its R&D branch.

Last week, Indian telecoms provider Reliance JioInfocomm limited declared that it was developing one of the world’s largest blockchain networks. The firm’s chairman and managing director Shri Mukesh D. Ambani said, “Over succeeding 12 months, Jio will install across India one among the biggest blockchain networks within the world, with 10 thousands of nodes operational on day one.” Jio features a current user base of over 330 million individuals.

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