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/ 


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Defending Truth with Blockchain – Eliminating Fake News
    The business of journalism is under attack and Blockchain can help regain trust between the publishe...

    August 10, 2020

    Mainstreaming Of Cryptocurrency Investments? An Exploration
    While the security and the regulation is well chronicled. The big question that needs to be answered...

    August 10, 2020

    The 5G Pandora Box: An Ultimate Kingmaker
    Unlike WWII which had sheer military might as its focal point, digital technologies such as 5G would...

    August 9, 2020

    Cyber Attacks In India Surge In Post Border Face Off
    The clashes between Indian and Chinese troops at Galwan valley that took the lives of soldiers from ...

    August 8, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us