NASSCOM Teams with Blockchain Institute for Digital Economy

India's tech industry is working with Canada's Blockchain Research Institute to integrate blockchain into Indian businesses and government.

AccessTimeIconFeb 22, 2018 at 9:00 a.m. UTC
Updated Sep 13, 2021 at 7:36 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

One of India’s leading tech industry organizations is partnering with the Blockchain Research Institute (BRI) to help spur a digital economy within the world's second most-populous nation.

India’s information technology trade organization, the National Association of Software and Services Companies (NASSCOM) will work with BRI researchers backed by the Canadian government to help developers learn more about blockchain platforms in preparation for creating and launching tools within the nation.

To that end, the two groups have signed a memorandum of understanding (MoU) establishing a financial and research partnership. According to media platform INC42, each organization will invest in webinars and other types of seminars whereby researchers within the BRI can share their knowledge using case studies with Indian government departments and other entities.

NASSCOM chairman Raman Roy said that, while he is delighted to launch a research initiative, he understands that encouraging blockchain use in the country will be a long-term effort, rather than “a plug and play we can do tomorrow,” according to the International Data Group's CIO India.

To this end, the MoU splits the research push into two parts, said BRI’s Don Tapscott. He explained:

“We need to create an awakening in India, showcase the power of blockchain and we can do this by looking at incentives/discounts to organizations who do this. That’s phase one.”

Phase two would build a blockchain institute in India, which will be specifically aimed at helping grow the digital ecosystem in the state of Telengana, according to INC42.

that this center would "provide high-end technology capabilities" to the state, as part of the BRI's push to "build blockchain-based economies around the world."

Stepping back, these moves would appear to bolster India's goal of putting electronic health records, land records and digital certificates on a blockchain, as stated by Amitabh Kant, the CEO of the National Institution for Transforming India, a government-run think tank.

Indian flag image via Shutterstock

Disclosure

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

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.