Back to Career News

Indian States to Embrace Bitcoin Blockchain Technology, Maharashtra Next in Line

January 19, 2018

Indian States to Embrace Bitcoin Blockchain Technology, Maharashtra Next in Line

At a recent FICCI event, Maharashtra chief minister Devendra Fadnavis said that by embracing Bitcoin Blockchain technology, public delivery of goods and services can be made more transparent and trust deficit between the service providers and receivers reduced. He then further endorsed the technology for the state.

Telangana and Andhra Pradesh, on the other hand, are already testing the blockchain technology for land deals.
Apart from the state governments, India’s largest lender State Bank of India is also experimenting with the blockchain technology in a bid to find its applications in the banking sector.

Important Links:
Tags:
Finance

Recommended for you ...

Report: Growing Consumer Awareness Driving Changes in Insurance Industry
Report: Growing Consumer Awareness Driving Changes in Insurance Industry

April 18, 2024

RBI Introduces Draft Guidelines for Payment Aggregators to Enhance Regulations
RBI Introduces Draft Guidelines for Payment Aggregators to Enhance Regulations

April 18, 2024

Indian Banks Shine Among Top Performers in Asia-Pacific
Indian Banks Shine Among Top Performers in Asia-Pacific

April 18, 2024

Chat on WhatsApp