Modi cracked a really good joke about blockchain—and it’s bang on
16 Nov 2018 2:39 AM GMT
How long will the hype last, though?
- While he might have said that in jest, startup funding data in India proves that he is bang on.
- Blockchain—the underlying distributed ledger technology for cryptocurrencies—is the flavour of the season in India.
- Even as the technology has found applications in finance, farming, and land registry in India, several young startups use the term just to grab investors’ interest when they aren’t actually using it in practice.
- The attention to a sector gets amplified when nascent investors seek inspiration from veterans.
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