Table of Contents
- 1 Is Indian government using Blockchain?
- 2 Which companies in India are working on blockchain?
- 3 Will Bitcoin be banned in India?
- 4 What is the future of blockchain developer in India?
- 5 Is Telangana the harbinger of blockchain in India?
- 6 What is India’s Blockchain Congress all about?
- 7 Can blockchain improve the transparency of land transactions in Telangana?
Is Indian government using Blockchain?
The Indian government has warmed up to the use of blockchain technology to streamline operations and services. 15, the central board of indirect taxes and customs under the country’s finance ministry launched a pilot electronic cargo tracking system (ECTS) project based on blockchain technology.
Which companies in India are working on blockchain?
Top Blockchain Technology Companies India | Top Blockchain Developers India
- SoluLab. Blockchain | IoT | Mobility | AI | Big Data.
- Talentica Software. Startup’s One-Stop Software Development Partner.
- OpenXcell. Leading Mobile App Development Company.
- Sofocle Technologies.
- Sate Development.
- KrypC.
- Auxesis Group.
- Tokyo Techie.
Why does the government ban cryptocurrency?
In 2018, citing risks associated with virtual currencies, the Reserve Bank of India issued a circular that prohibited banks and financial institutions from dealing in virtual currencies or providing services to any person or entity dealing in virtual currencies.
Will Bitcoin be banned in India?
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 seeks to prohibit all private cryptocurrencies in India in the Winter Session of Parliament starting November 29. It, however, allows for certain exceptions to promote the underlying technology of cryptocurrency and its usage.
What is the future of blockchain developer in India?
The growing demand for Blockchain Developers in India Today, Blockchain is one of the fastest-growing skill sets with jobs in this domain growing at a mindblowing rate of 2,000-6,000\% and the salaries of Blockchain Developers being 50-100\% higher than conventional developer jobs.
Are Blockchain developers in demand in India?
Is Telangana the harbinger of blockchain in India?
Telangana has positioned itself as the harbinger for blockchain innovation in India. However, they starkly contrasts the national government’s sentiment, which is vehemently opposed to anything crypto and blockchain. This firm stance likely stems from the Indian government’s seemingly unscrupulous nature.
What is India’s Blockchain Congress all about?
The three-day Blockchain Congress will take place on August 3rd in the state’s capital city of Hyderabad, and hopes to stimulate economic output by attracting blockchain entrepreneurs to the already burgeoning IT hub.
Can blockchain mitigate pervasive corruption in Indian government?
On July 26th, the Indian state of Telangana announced initiatives to leverage blockchain to mitigate the pervasive corruption and fraudulent activity embedded in state and national governments.
Can blockchain improve the transparency of land transactions in Telangana?
The news comes one month after the state implemented blockchain solutions to increase transparency in the government’s land registry and revenue departments. This was in direct response to the estimated 38\% of land transactions that involve some degree of bribery. Telangana’s IT and Industries Secretary, Jayesh Ranjan, stated the following: