The Rise of Blockchain in India and its FutureIn India, the use of blockchain technology has found the most takers in the banking and financial sectorThe 21st century has witnessed unparalleled technological advancement, especially in terms of information technology. Barring that, we also see that the use of the underlying blockchain technology has found the most takers in the banking and financial sector. 56% of Indian businesses are moving towards blockchain technology, making it a part of their core business[3]. The National Informatics Centre has established a Centre of Excellence (CoE) in Blockchain Technology which operates as a coordinated, interoperable blockchain ecosystem around the nation.[4]. As the case has been with the BFSI sector, it stands in as the forerunner in the adoption and implementation of blockchain technology as well.

Source: Economic Times February 14, 2022 17:56 UTC