What is the news? The Ministry of electronics and IT (MeitY) has released a national strategy on blockchain for adopting the technology in government systems, especially for e-governance services. What are the key features of national strategy on blockchain? It identifies 44 potential areas of using the technology and lays out the broad framework of… Continue reading Strategy to adopt blockchain into govt systems released
Tag: blockchain
The tech holes that ensure that crypto can never be effectively banned
News: Experts have stated that it is not possible to enforce an effective ban on cryptocurrency in a foolproof manner. Why banning Cryptocurrency is not possible? Peer to Peer networks: Users can always transact using peer-to-peer networks. This is exactly what happened in India post RBI’s restrictions on Indian banks in 2018. Defi platforms: Users… Continue reading The tech holes that ensure that crypto can never be effectively banned
NIC sets up ‘Centre of Excellence in Blockchain Technology’ in Bengaluru
News:The National Informatics Centre(NIC) will set up block chain technology centre in Bengaluru. Facts: About the Blockchain centre: The Centre aims to provide BlockChain as a service to all the stakeholders who are interested in shared experiences, learning and resources. It will also share its block chain-based proof of concepts with selected government entities. The… Continue reading NIC sets up ‘Centre of Excellence in Blockchain Technology’ in Bengaluru
Cryptocurrency panel for ban on private digital currencies, jail time of up to 10 years
Government had constituted a panel to examine all issues related to cryptocurrencies.The panel has drafted a law,‘Banning of Cryptocurrency & Regulation of Official Digital Currency Bill, 2019’. The panel has said that anybody who mine, hold, transact or deal with cryptocurrencies in any form whether directly or indirectly through an exchange or trading should attract… Continue reading Cryptocurrency panel for ban on private digital currencies, jail time of up to 10 years
Now, a blockchain enabled marketplace app for coffee
The commerce ministry has launched a blockchain-based coffee e-marketplace app.It will help farmers integrate with markets so that they can realise fair prices for the commodity. Coffee Board is collaborating with Eka Plus,one of the global leaders in Digital Commodity Management platforms for Agriculture for development of the application. The blockchain technology is expected to… Continue reading Now, a blockchain enabled marketplace app for coffee
