Siddharth Acharya and Prateek Joshi
The successful use of Blockchain in various aspects of data security does not need any introduction. In lay terms, we can consider Blockchain to be like a peer review process where different and unconnected networks must validate the entry to add to the network. Besides serving the basis of cryptocurrencies, Blockchain has been used in supply chain management, maintenance of land records, banking transactions, copyright purposes etcetera. In India, Blockchain remains a late beginner, considering the gradually evolving regulatory framework. Nevertheless, as an initial step, various state governments have been proactive in promoting Blockchain through policy application or pilot projects for property registration and taxation, issuance of caste certificates and even P2P solar energy trading.
Given the volatile nature of global geopolitics, both, government and private sector could explore synergies in strengthening financial and logistics security...
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