The Indian state of Tamil Nadu is actively working to adopt new technologies, including blockchain technology and artificial intelligence, to offer more accessible government processes. According to The New Indian Express, Edapaddi K. Palaniswami, chief minister of India, disclosed about the adoption of a blockchain welcoming policy.
The minister further said that Tamil Nadu is looking to introduce a unique protocol that will focus on providing Knowledge Proof Identity-based services delivery. As per Palaniswami’s consideration, this revolutionary project will restructure the government process of delivering its services to citizens.
According to the report, the State Family Database (SFDB) will be the first to execute the project. The blockchain infrastructure will act as a solitary wellspring of truth for all administration information and cycles. It might likewise be utilized to rethink administration and empower blockchain use in the state.
The introduction of the Blockchain Backbone foundation reveals that the state likewise recognizes the need to make a gathering to advance coordinated effort between industry, new companies, and the scholarly community to reconstruct the outdated system.
Garlinghouse Disappointed with Indian Officials Decisions
Although the Indian users have actively been employing blockchain technology and crypto-asset, uncertainty still circles the community. Market analysis and industry inside reports show that India’s relationships with the crypto market are very complex.
A recent Bloomberg report showed that Indian officials intend to introduce new legislation to once again halt crypto activities in the country. However, the report unfolds that the country is highly focusing on setting up industries that offer blockchain services.
Those community members that struggle hard for the adoption of cryptocurrencies are really disappointed with the government stance. India is probably going to pass up a technology that can assist its tremendous populace without any difficulty and fairness, as per Ripple CEO Brad Garlinghouse.
“Disappointing to see India flip flop on crypto, hamstringing a nascent industry which could serve one of the biggest populations of unbanked/underbanked citizens,” Garlinghouse added comments in a tweet of the Bloomberg report