Blockchain Technology
Blockchain is an emerging field that is steadily revolutionizing the technology landscape. This Distributed Ledger Technology is globally considered as a secure method of storing and updating a database, within and between entities. Blockchain Technology (BT)’s reported use cases are abound in areas, as diverse as, banking and financial services, smart contracts, voting, legal records, health records, internet identity and DNS, accounting, sharing economy, social media, publishing, critical infrastructure, crowd-funding, human resource, energy supply, supply chain management, insurance, stock market, cloud computing, and so on. As bitcoins and altcoins continue to grow and mature, BT’s real value addition is gradually drawing the attention of the thought leaders and policy analysts. Today, such policy experts, academicians, and industry players have begun to evaluate BT’s contributions in the overall development of India.
January 24, 2020
Keeping in mind the interdisciplinary nature of this area, we took up a policy initiative on blockchain technology to discuss key policy issues which could be taken up proactively in India to leverage BT’s growing advantages. We hosted a Policy Discussion with subject matter experts on the topic Landscaping Priority Areas for Blockchain: Cryptoeconomics, Capacity building, Scalability, Security in January 2020. Distinguished academic, industry and policy experts from the academia, industry and the government were invited for a roundtable discussion on the subject.
Some of the suggestions that came up from the discussions were: