Government Think Tank to Trial Blockchain Verification in India

The National Institution for Transforming India is exploring blockchain's application in education, health and other sectors.

AccessTimeIconJan 4, 2018 at 12:05 p.m. UTC
Updated Sep 13, 2021 at 7:20 a.m. UTC

An Indian government policymaking body is eyeing the potential applications of blockchain technology across various sectors.

As part of that process, the National Institution for Transforming India, known as NITI Aayog, is developing a proof-of-concept to explore blockchain in key sectors including education, health and agriculture, the Economic Times says.

An anonymous senior government official reportedly said that blockchain's promise in secure document verification is the primary reason for potential adoption of the tech.

The move comes after the think tank conducted a hackathon in November 2017 on the use of blockchain technology – an event jointly organised with Harvard-based blockchain startup Proffer.

While India's government has been largely skeptical on cryptocurrencies, it has looked on blockchain technology more favorably.

In June 2017, several regional governments in India, including Andhra Pradesh, revealed they were looking into applications of blockchain technology in land registries – systems used to keep track of who owns which properties.

Further, in September of last year, India's central bank research group announced plans to launch a new blockchain platform to build and support a range of banking-related services.

Indian government building image via Shutterstock

Read more about


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.


CoinDesk - Unknown
Argentinos se refugian en stablecoins durante el fin de semana tras dimisión del ministro de Economía

Los principales exchanges del país informaron que los usuarios compraron hasta tres veces más criptomonedas estables que durante un fin de semana normal, en medio una crisis económica en ciernes.

CoinDesk - Unknown
CoinDesk - Unknown
Polkadot Builder Parity Technologies Adds 3 Execs to Leadership Team

The new executives joining Parity are Eran Barak (COO), Peter Ruchatz (CMO) and Fahmi Syed (CFO)

CoinDesk - Unknown
CoinDesk - Unknown
Singapore's Central Bank Weighs Further Safeguards on Retail Crypto Trading

The Monetary Authority of Singapore (MAS) may introduce rules on the use of leverage in crypto transactions.

CoinDesk - Unknown
CoinDesk - Unknown
First Mover Americas: BTC Struggles to Break $20K as More Lenders Face Trouble

The latest moves in crypto markets in context for July 4, 2022.

CoinDesk - Unknown