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

Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests
Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests The share of crypto miners in Russia’s power consumption structure already exceeds
Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,200 as Bank of Japan Policy Decision Impacts Markets
Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,200 as Bank of Japan Policy Decision Impacts Markets Ethereum rose back above the $1,200 level on Tuesday, as the dollar reb
Analyst Jim Cramer Calls Ethereum the ‘Pied Piper of Crypto’ but Won’t Add to His Position
Analyst Jim Cramer Calls Ethereum the "Pied Piper of Crypto" but Won"t Add to His Position CNBC’s stock analyst and crypto investor Jim Cramer says he&rsqu
Chainalysis Launches Program to Store and Sell Seized Crypto Assets for Governments
Chainalysis Launches Program to Store and Sell Seized Crypto Assets for Governments The blockchain intelligence and surveillance company Chainalysis revealed the
Biden Slammed After Stating Inflation Hasn’t Spiked for Months — ‘I Am More Optimistic Than I’ve Been in a Long Time’
Biden Slammed After Stating Inflation Hasn"t Spiked for Months — "I Am More Optimistic Than I"ve Been in a Long Time" U.S. President Joe Biden has shared his perspective on infla
Sky Mavis Launches Katana, a Native Dex for Its Ronin Sidechain
Sky Mavis Launches Katana, a Native Dex for Its Ronin Sidechain Sky Mavis, the company behind the development of Axie Infinity, has launched Katana, the first decentralized exchang
Bitcoin, Ethereum Technical Analysis: BTC Rises to $29,000 for First Time Since Last June
Bitcoin, Ethereum Technical Analysis: BTC Rises to $29,000 for First Time Since Last June Bitcoin rose above $29,000 on Thursday, as price moved to its strongest point since last J
Canadian Police Freeze Crypto Wallets Tied to Freedom Convoy Protests — Vow to Take Back Ottawa in Entirety
Canadian Police Freeze Crypto Wallets Tied to Freedom Convoy Protests — Vow to Take Back Ottawa in Entirety Canada’s national police have sent letters to cryptocurrency ex
Tornado Cash sanctions effective, reveal Ethereum weakness: NY Fed
Derek Andersen2 hours agoTornado Cash sanctions effective, reveal Ethereum weakness: NY FedCooperation with the US Treasury sanctions on Tornado Cash was strongest at the user level and weaker further along the settlemen
Ex-Head оf Wex Crypto Exchange Reportedly Arrested in Poland, Faces Extradition to Kazakhstan
Ex-Head оf Wex Crypto Exchange Reportedly Arrested in Poland, Faces Extradition to Kazakhstan Dmitry Vasiliev, former chief executive of Russian cryptocurrency exchange Wex, has b
Amaka Nwaokocha16 minutes agoNigeria’s Patricia Technologies relieved as arrest made in crypto wallet heistThe Nigerian Police Force spokesperson said in the statement that Ambassador Wilfred Bonse has been arrested co
Hester Peirce blasts SEC, Gurbir Grewal rejects SEC criticism: Law Decoded
David Attlee4 hours agoHester Peirce blasts SEC, Gurbir Grewal rejects SEC criticism: Law DecodedGurbir Grewal, the director of the Division of Enforcement at the SEC, has pushed back against criticism that the regulator