News on December 7, India’s Ministry of Electronics and Information Technology (MeitY). Recently, a 52-page “blockchain national strategy” document was released. Urge the government and the private sector to strengthen cooperation. Build blockchain infrastructure in the second most populous country in the world.
According to the document, India hopes to develop a national blockchain platform. To further use blockchain across departments. To this end, MeitY hopes to establish a “National Blockchain Framework” (NBF). The nodes are distributed all over India to benefit from the blockchain on a large scale. Initially, NBF will only be used in the field of e-government, and over time. Will transition to a wider range of use cases. This document is an updated version of the document released earlier this year.
The document states that it “sets the overall vision and development and implementation strategies for the national blockchain platform. Covers technology stacks, legal and regulatory frameworks, standard development, collaboration. Human resource development and potential use cases.” MeitY will work with other ministries and other Stakeholder cooperation. To ensure that the strategy is implemented.