India’s Maharashtra State to Adopt Blockchain Technology
In a bid to foster transparency and improve service delivery, the Maharashtra state government is making active plans to integrate distributed ledger technology (DLT) into key areas of its economy, including supply chain, agriculture, vehicle registration and more, reports local news source DNA India on August 19, 2019.
Maharashtra to Leverage DLT
Per sources close to the matter, the government of Maharashtra has announced plans to integrate the revolutionary blockchain technology into its economy.
Specifically, the government is looking to mobilize the Maharashtra Information Technology Directorate to develop blockchain solutions that could be used for vehicle registration, document management, agriculture marketing, tracing products in the supply chain and more.
The state government reportedly greenlit the project two days ago and has set aside 100 million rupees (about $1.4 million) for blockchain adoption from 2019 to 2020, while the project implementation committee has approved 40 million rupees ($560k) for DLT-related endeavors.
DLT Enhancing Efficiency
Commenting on the exciting development, SVR Srinivas, state information technology department principal secretary reiterated that the state firmly believes in the potential of blockchain technology, as such, it is tapping the nascent technology in a bid to enhance the efficiency of its processes.
In his words:
“The state is adopting a cutting edge technology to help enhance efficiency in governance. The government has successfully completed its first blockchain pilot for several sectors including health, supply chain, as well as for documents and SSC certificate verification.”
The official has also revealed that the relevant authorities have prepared a detailed report for the extensive use of DLT in various state government parastatals.
That’s not all, in the coming months, the government says it also seeks to formulate a regulatory sandbox that will serve as a common framework for adopting DLT.
Raj Nair, the immediate past president of Indian Merchants Chamber has applauded the government’s move to massively integrate blockchain technology, adding that DLT could eliminate the pain points in the verification of important documents like “proof of birth,” family lineage, intellectual property rights, and others, while also speeding up the processes.
On August 11, 2019, BTCManager informed that Siddarth Chakravarty, an Indian entrepreneur and former Cisco employee has developed a blockchain solution to enhance global delivery of life-saving vaccines.