India’s second populous state takes another step towards blockchain adoption

gate way of india 2429648 1280gate way of india 2429648 1280

In this post:

Maharashtra is taking blockchain adoption to the next level as preparations begin in full swing for testing blockchain’s applications across various platforms.

In its conscious efforts towards improving customer service and transparency in the fields of agriculture, supply chain and logistics, automobile registrations and official documents handling, the Maharashtra government is upping its game by introducing the benefits of the distributed ledger technology to its most vulnerable areas.

With an appropriation of over one hundred million Indian Rupees ($1.4 million), the comprehensive project will be led by the Maharashtra Information Technology Directorate, who will run extensive blockchain-based tests in the next one year.

Maharashtra racing towards blockchain adoption

The principal secretary of the state’s IT department, SVR Srinivas, announced that the state government is keen on raising the ante on efficiency in its administrative duties. With blockchain’s already successful run-in to healthcare and document management with digitizing certifications, the government is all set to take it up a notch and integrate the groundbreaking technology into other government departments.

Meanwhile, the next half of the year will be dedicated to developing an overarching framework for blockchain usage in various fields, says Srinivas.

Another government official from the Indian Merchants’ Chamber proclaims that blockchain technology’s remarkable ability to rein in tampering of data and thereby fast-tracking the validation procedures will prove to be a boon for the state government as the typical day-to-day activities concerning authenticating of personal, financial and ownership documents will be performed in a jiffy.

The second highest populous state in India and a long-time hub for economic growth and financial developments in the country, Maharashtra had earlier declared its association with the Bahrain Economic Development Board for a collaborative approach towards promoting Fintech in the country.

Meanwhile, India’s largest telecom service provider, Reliance Jio Infocomm Limited, revealed last week that it has set out to build one of the largest blockchain networks in the world. By empowering its three hundred thirty million consumer base, the mobile network giant will take data privacy to a whole new level.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Share link:

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

Brazil summons top crypto exchanges to clarify their services
Subscribe to CryptoPolitan