Indian State Maharashtra to Adopt Blockchain in Governance

Asia Blockchain Review
August 26, 2019
India’s Income Tax Authority Sends Letters Probing Crypto Owners

The government of Maharashtra, India’s second largest state, is planning to introduce a regulatory framework to apply blockchain technology into different uses.

According to a report by DNA India, the government plans to pilot the cutting-edge technology across domains such as the state’s supply chain, vehicle registration, and the document management system.

Over 100 Rupees Invested in Blockchain Adoption 

The Maharashtra Information Technology Directorate will lead the project, while the government has already invested 100 million rupees (~US$1.4 million) for blockchain adoption between 2019 and 2020. Of this, 40 million rupees (~US$560,000) has been approved outright by the implementation committee.

“The state government is adopting a cutting edge technology to help enhance efficiency in the governance. Already the government has completed its first blockchain in the fields of health, supply chain, documents, and SSC certificates,” said S.V.R. Srinivas, State Information Technology Department Principal Secretary.

He also remarked that the government plans to integrate blockchain in various different departments and revealed that the regulatory sandbox will be completed within the next 5 to 6 months.

India Continues to Develop New Technologies

Maharashtra currently contributes about 15% to India’s total GDP and is also the second most industrialized state of the country. 

Recently, Reliance Jio Infocomm Limited, an Indian mobile network operator owned by Mumbai-based multinational conglomerate Reliance Industries, revealed its plans to launch what it claims to be one of the largest blockchain networks in the world. The company reportedly invested in 14 technology startups and is investing in scaling up the use of advanced technologies.

Source: https://www.cryptonewsz.com/ 


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