wordpress blog stats
Connect with us

Hi, what are you looking for?

Summary: National Strategy on Blockchain revised by MEITY

The IT Ministry plans to rope in government bodies to implement a framework for the adoption of blockchain tech.

A National Blockchain Framework (NBF) can be developed wherein different domains such as health, agriculture, education, and so on would be distributed on a common blockchain infrastructure, the Ministry of Electronics and Information Technology (MeitY) said in a 52-page report on the National Strategy for Blockchain. Initially, the NBF will be used for e-governance domains and thereafter, the transition would be made for use cases beyond its ambit, the report added.  While these applications are being implemented, MeitY suggested that laws and policies would have to be modified or amended. Certain bodies too will be constituted to provide guidance at the policy level for blockchain initiatives in the country. They are — Blockchain Advisory Council: The minister in MeitY would be the chairperson and representatives from various Union government ministries/departments, states, academia, and industry will be members of this council. Steering Committee: Secretary in MeitY to be the chairperson, with secretaries of various Union government ministries, selected state IT secretaries to be members of the body which will review and monitor implementation of the National Blockchain Strategy. Blockchain is still an emerging technology and other than a few pilot projects in the private sector or by the government, its commercial application and adoption numbers have been slow. Therefore, the strategy recommended that to increase blockchain adoption, a framework must be created. Earlier, in February, MeitY had released a draft of its National Strategy for Blockchain. For the complete revised report, please refer here. What would the NBF look like? [caption…

Please subscribe/login to read the full story.
Written By

Among other subjects, I cover the increasing usage of emerging technologies, especially for surveillance in India

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

News

RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.

News

Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...

News

The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ