NITI Aayog explores use of Blockchain to link digital infra
Blockchain and Bitcoin have just entered into its 10th birth year as NITI Aayog is said to be exploring the use of this technology across multiple sectors.
NITI Aayog, the premier policy think tank of the Government of India, is said to be preparing a ‘proof of concept’ to gauge the use of the blockchain technology in various legally approved sectors like agriculture, education, health, etc. for which, the Aayog recently held a hackathon on the use of blockchain technology.
In November last year, in order to boost ease of doing business and agriculture economy of the country, NITI Aayog was reported to be building IndiaChain, a blockchain network. This network would be linked to IndiaStack, a set of code developed around India’s unique identity project Aadhaar.
Blockchain is generally misinterpreted by many as a financial technology since its first and biggest use has been in the financial sector. However, blockchain can be used across human resources, auto, legal, government, luxury goods, and various other non-finance sectors.