Indian authorities use blockchain to store documents

Indian authorities and local federal organizations have started using blockchain to store important documents as part of the National Strategy for the Development of blockchain in the country.

Indian authorities use blockchain to store documents

To the platform Operated by the National Center for Informatics (NIC) from the Ministry of Electronics and Information Technology of India, 19 departments, including the Supreme Court, have already been connected. The documents for storage on the blockchain platform were received from the administrations of six provinces and three departments of the federal government - the Central Board of Secondary Education (CBSE), the Ministry of Consumer Affairs and the Ministry of Justice of India.

The platform lists documents that are stored in the blockchain. These are certificates of education, land cadastres, as well as information about drug supply chains. As of March 9, CBSE posted the largest number of documents on the blockchain, while 43 documents were entered from the Supreme Court. In addition, real estate registration certificates and even complaints about police misconduct were posted on the platform.

In December 2021, India unveiled a "National Blockchain Development Strategy", with the intention of taking advantage of this latest technology. The Indian authorities are confident that storing documents on the blockchain can prevent document forgery, reduce paperwork and simplify record keeping. Blockchain is able to protect documentation from unauthorized access, so this technology can be implemented in various fields.

Recently, the National Payment Corporation of India (NPCI) signed an agreement with the Indian Institute of Science (IISc) in Bangalore to conduct joint research in the field of blockchain and artificial intelligence (AI). NPCI Technical Director Vishal Kanvaty is confident that blockchain can improve the payment environment: reduce transaction costs and speed up calculations.

Last week, Shaktikanta Das, Governor of the Reserve Bank of India (RBI) He announced that the Central Bank has nothing against blockchain. The regulator uses it to create its own digital currency, and this technology needs to be developed, Das said.


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