National Blockchain Strategy Proposed By Ministry Of Electronics And IT
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♦ The strategy has adopted a multi-institutional approach involving the C – DAC (Centre for Development of Advanced Computing), NIC (National Informatics Centre), and NICSI (National Informatics Centre Services Inc).
♦ It strives to implement a trusted digital staging for e-governance assistance using blockchain technology.
♦ It includes human resource development, collaboration, administrative framework, technology heap, standards development.
♦ It inquires the union government to promote state-specific blockchain purposes.
♦ The plan will explore using technology for medical supplies and vaccines.
♦ It will increase transparency and efficiency in governance.
♦ NITI Aayog has named Blockchain technology as a promising technology.
♦ According to NITI Aayog, the technology has essential characteristics such as liability and decentralisation.
♦ The National Blockchain Strategy has held cryptocurrency out of the ambit of its framework.
♦ The Government of India listed a bill called “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021”. ‘
♦ The bill gives a structure for the production of official digital currency.