Fun

India hosts 8M gov’t docs across 5 blockchains

News Feed - 2024-03-06 09:03:57

Arijit Sarkar11 hours agoIndia hosts 8M gov’t docs across 5 blockchainsIndia primarily makes use of three blockchain platforms for the development of the products — Hyperledger Fabric, Hyperledger Sawtooth and Ethereum.3773 Total views5 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksNearly eight million government-issued verifiable documents are currently hosted across five blockchains owned and operated by India’s National Informatics Centre (NIC), a government agency. 


The NIC, which operates under India’s Ministry of Electronics and Information Technology, launched a new website showcasing its various blockchain initiatives. According to the information provided, 7.93 million documents — including but not limited to education, property, judiciary and drug logistics — are currently hosted on the blockchain.A list showing the type of documents India hosts on the blockchain. Source: blockchain.gov.in


India primarily uses three blockchain platforms to develop the products: Hyperledger Fabric, Hyperledger Sawtooth and Ethereum. The five blockchain products currently used in India are certificate chain, document chain, drug logistics chain, judiciary chain and property chain, as shown below.Blockchain projects were made live by the Indian government. Source: blockchain.gov.in


The documents come from six states and three government departments, which include the Central Board of Secondary Education, the Ministry of Consumer Affairs and the Ministry of Justice.


The departments using blockchain technology have enabled verification services around property ownership, birth and death certificates, and a supply chain management system for medicines and educational certificates.


India is also working on proof-of-concept blockchains dedicated to land records, blood banks, backtracking goods and services tax and a public distribution ystem. In 2023, Hindustan Petroleum, one of India’s largest oil and gas companies, partnered with the blockchain software firm Zupple Labs to integrate its blockchain-based digital credentialing technology into the purchase order system.


Related:India tells tech firms approval is needed before releasing new ‘unreliable’ AI tools


India’s motive behind blockchain implementations is to counter the country’s long-standing problem with document forgery. By using blockchain, the Indian government digitally issues verifiable and immutable certificates that cannot be altered or misused by bad actors.Local governments drive India’s nation-wide blockchain implementation drive. Source: NASSCOM


Despite the reluctance to legitimize cryptocurrencies fully, India has generally accepted blockchain technology, and numerous state and local governments contribute to the nation’s blockchain adoption drive.


Magazine:Owner of seven-trait CryptoPunk Seedphrase partners with Sotheby’s: NFT Collector# Blockchain# Government# Adoption# India# Verification# Indian GovernmentAdd reactionAdd reaction

News Feed

Topps Unveils New MLB Inception NFTs — Firm’s NFT Series Now Minted on the Avalanche Blockchain
Topps Unveils New MLB Inception NFTs — Firm"s NFT Series Now Minted on the Avalanche Blockchain The American firm that manufactures chewing gum, candy, and collectibles, The Topp
William Suberg11 hours agoBitcoin analyst flags $32.5K launchpad zone for BTC priceBitcoin is enjoying “good consolidation,” a popular analyst says, as bets on further BTC price upside coming next multiply.4883 Total
Paypal Acquiring Crypto Security Firm Curv to Expand Digital Asset Initiatives
Paypal Acquiring Crypto Security Firm Curv to Expand Digital Asset Initiatives Payments giant Paypal has announced that it is acquiring Tel Aviv-based crypto sec
Bitcoin rewards app Fold to go public on Nasdaq via SPAC deal
Tom Mitchelhill8 hours agoBitcoin rewards app Fold to go public on Nasdaq via SPAC dealThe Bitcoin-based cashback app will go public on the Nasdaq after a SPAC deal that’s expected to wrap up by the end of 2024.5355 To
David Attlee12 hours agoVauld gets permission for board restructuring from the courtThe Singapore-based crypto exchange has been in ongoing bankruptcy proceedings since August 2022.812 Total views4 Total sharesListen to
Polker Is Integrating Chainlink Price Feeds Into Its Multi-Crypto Marketplace
Polker Is Integrating Chainlink Price Feeds Into Its Multi-Crypto Marketplace sponsored Polker is proud to announce the upcoming integration of Chainlink Price Feeds. By integrating
Wu-Tang Clan’s Unreleased Album Changes Hands From Martin Shkreli to an NFT Art Collective
Wu-Tang Clan"s Unreleased Album Changes Hands From Martin Shkreli to an NFT Art Collective After fighting in court since 2015, the former hedge fund manager Martin Shkreli was sent
1inch partners with Blockaid to combat DeFi fraud and cyber threats
Ezra Reguerra39 minutes ago1inch partners with Blockaid to combat DeFi fraud and cyber threatsBlockaid CEO Ido Ben-Natan told Cointelegraph that the product allows developers to integrate the solution through an API, avo
Bitcoin reclaims blockchain dominance post-BTC halving
Josh O"Sullivan13 hours agoBitcoin reclaims blockchain dominance post-BTC halvingBitcoin’s blockchain bandwidth usage surpasses 90% post-halving, driven by new token standards and increased transaction volume.2257 Tota
DCG Mining Subsidiary Foundry Launches Range of Services for 20 Crypto Staking Networks
DCG Mining Subsidiary Foundry Launches Range of Services for 20 Crypto Staking Networks Foundry, the Digital Currency Group (DCG) subsidiary and cryptocurrency mining and consultin
Uniswap Launches Swap Widget — Devs Can Embed the Dex With ‘One Line of Code’
Uniswap Launches Swap Widget — Devs Can Embed the Dex With "One Line of Code" On Thursday, Uniswap Labs, the company behind the popular decentralized finance (defi) protocol, Uni
Helen Partz11 hours agoCoinbase CEO slams Chase UK for ‘totally inappropriate’ crypto moveCoinbase CEO Brian Armstrong has been actively pursuing the exchange’s expansion ambitions in the United Kingdom amid mounti