Kerala Outlines Plans to Become Blockchain Center in India

The Indian state Kerala is actively studying blockchain technology usage to improve a wide range of existing systems, financial as well. In the state thousands of people are already studying blockchain with an aim to become blockchain specialists, some of them have already finished their training – bitcoin doubler 2x has got to know.

Kerala Outlines Plans to Become Blockchain Center in India - invest with bitcoin doubler 2x
Kerala Outlines Plans to Become Blockchain Center in India – invest with

Kerala state is going to become blockchain center of India, the authority plans to involve this technology to many spheres. Shri. M. Sivasankar, the state’s electronics and information technology secretary, told the Economic Times:

“We expect for smart usage of blockchain in specific domains in the nearest 5 years so that its app can be sustained. Companies that produce solutions based on the technology can sell it as products or services.”

The state is planning to use blockchain technology to improve efficiency of today`s financial system, they also want to compose a talent team of blockchain specialists. Kerala`s government is also attempting to implement the technology into several pilot programs, such as land records, workforce management, organic food traceability, and immunization.

In addition, Kerala has a blockchain institute called Kerala Blockchain Academy (KBA), an initiative of the state government under the Indian Institute of Information Technology and Management. Established in 2017. KBA offers certification programs, research and development activities, and consultancy. It is a member and official training partner of Linux Foundation’s Hyperledger Project and a general partner of the R3 Consortium.

Several Indian ministries and local authorities have independently explored the use of blockchain technology. In November 2019, Minister of State for Electronics and Information Technology Shri Sanjay Dhotre told in detail about the government`s steps to promote blockchain technology to Lok Sabha, the lower house of India’s parliament. He said that the Ministry of Electronics and Information Technology had identified blockchain technology as an important research sphere with the potential of usage in various areas, such as governance, banking and finance, and cybersecurity. Also, National Payment Corporation of India (NPCI) has recently announced its permissioned blockchain-based platform called Vajra, which is aim to make fast and safe payments

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