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

Ground Reports Concerning Salvadoran Bitcoin Law Highlight False Narrative Painted by Influencers
Ground Reports Concerning Salvadoran Bitcoin Law Highlight False Narrative Painted by Influencers On Tuesday, Bitcoin.com News spoke with Marc Falzon, an individual who has been do
Joseph Kelly6 hours ago10 years later, still no Bitcoin ETF — but who cares?The Securities and Exchange Commission will inevitably approve a spot Bitcoin ETF, but we should retain some healthy skepticism about the risk
Santander to Offer Cryptocurrency Services in Brazil in the Coming Months
Santander to Offer Cryptocurrency Services in Brazil in the Coming Months Santander, one of the biggest banking institutions in the world, has announced it will start offering cryp
Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects
Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a W
US Government Now Offers Informants Crypto Rewards in Addition to Bank Wires, Suitcases Full of Cash
US Government Now Offers Informants Crypto Rewards in Addition to Bank Wires, Suitcases Full of Cash Attendees of the Black Hat hacker conference in Las Vegas we
Publicly Listed Energy Firm Equinor Exploits Gas Flaring in North Dakota to Mine Bitcoin
Publicly Listed Energy Firm Equinor Exploits Gas Flaring in North Dakota to Mine BitcoinJust recently, the firm Arcane Research recently revealed a number of screenshots from the pu
$20M exploit cripples Sonne Finance, hacker in no mood for negotiation
Arijit Sarkar1 hour ago$20M exploit cripples Sonne Finance, hacker in no mood for negotiationSonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC. Efforts to recov
US Senate recommends blockchain for national security tests
Arijit Sarkar14 hours agoUS Senate recommends blockchain for national security testsThe US Senate Committee on Armed Services urges the Department of Defense to explore blockchain for national security applications, incl
Savannah Fortis14 hours agoGoogle Cloud to digitize El Salvador’s governance, healthcare and educationGoogle Cloud and the government of El Salvador have entered into a seven-year partnership to digitize the country’
Bitcoin Giveaway: Crypto Exchange FTX Giving Away BTC During Super Bowl
Bitcoin Giveaway: Crypto Exchange FTX Giving Away BTC During Super Bowl Crypto exchange FTX is giving away bitcoin during the Super Bowl this weekend. The company estimates that ea
Crypto Is Driven by Extraordinary Consumer and Investor Demand, Says Australian Regulator
Crypto Is Driven by Extraordinary Consumer and Investor Demand, Says Australian Regulator The chairman of Australia’s Securities and Investments Commission (ASIC) says crypt
Adobe rival Procreate bets against gen AI to support human creativity
Pradipta Mukherjee12 hours agoAdobe rival Procreate bets against gen AI to support human creativityIn stark contrast to mainstream competitors, Procreate has said it would not use generative AI features in its products t