Is blockchain in India still a myth?
1 Feb 2019 9:40 AM GMT
Blockchain is one such genre of technology that has always excelled during talks in every business meeting, technology summit, tech events and so on.
- Big corporate houses and research and development leaders like Gartner believe, it is the next big thing after IoT and Big data.
- In India, blockchain initiatives have been propagating and emerging for creating a blockchain ecosystem.
- Gartner has found that 82 per cent reported that blockchain use cases were in financial services in 2017, but that sector’s portion dropped to 46 per cent of reported use cases in 2018.
- (IDRBT) of Reserve Bank of India (RBI) has come out with a blueprint of blockchain platform for the banking sector.
- ” Wagering and betting are subsequently defined as “the staking of money or virtual currency, whether or not it is equivalent to a recognized currency To tackle the problems of bad debts and defaulters, 11 banks including ICICI Bank, HDFC Bank, Axis and Yes Bank have decided to come together and launch India’s first blockchain-linked funding initiative for small and medium enterprises India, as the biggest democracy, needs a revolutionary technology to reform major sectors along with AVGC industry.
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