Indian Prime Minister Modi: India needs to quickly apply blockchain technology

At the World Information Technology Conference (WCIT) just held, Indian Prime Minister Modi believes that “disruptive” technologies such as blockchain and Internet of Things will deeply influence people's way of life and work, and need to adapt quickly to this innovative technology.

Modi said:

“Disruptive technologies such as blockchains and the Internet of Things will have a profound impact on how we live and work, and we must adapt quickly to these new technologies in the workplace.”

It is reported that the Indian Software and Service Industry Association (NASSCOM) has launched a blockchain technology development platform, and has also established a "special interest group organization" to explore the use of blockchain technology in the financial and non-financial industries. At the same time educate and publicize this innovative decentralization technology to the public.

Ravi Shankar Prasad, Minister of Justice and Minister of Electronic Information Technology of India, also responded positively to the call of Indian Prime Minister Modi and said:

“The power of digital technology will only happen if technology is inclusive. Re-training young professionals is critical because of the emergence of new technologies such as artificial intelligence, blockchain and the Internet of Things.”

Last month, the National Institute of Indian Studies (NITI) released a series of blockchain proof-of-concept trials, after which the Indian government think tank announced that it would apply blockchain technology in a variety of industries including education, agriculture and healthcare. .

Not only that, the Bank of India, the Reserve Bank of India, also said that the blockchain technology is very mature and will become the basis of the national digital currency rupee.

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