“The federal government has nothing in opposition to the blockchain know-how. RBI digital forex itself can be primarily based on a model of blockchain know-how,” Somanathan stated at a post-Price range assembly with trade executives in Mumbai, chaired by finance minister Nirmala Sitharaman.
Finance secretary TV Somanathan on Monday made it clear that there needn’t be any apprehension about using the blockchain know-how in sectors like agriculture, which don’t have anything to do with cryptocurrencies or another digital digital asset. He sought to allay issues of market members that policy-makers may ban blockchain itself, given the uncertainties round whether or not to ban personal cryptocurrencies or not.
“The federal government has nothing in opposition to the blockchain know-how. RBI digital forex itself can be primarily based on a model of blockchain know-how,” Somanathan stated at a post-Price range assembly with trade executives in Mumbai, chaired by finance minister Nirmala Sitharaman. Even the state-run Espresso Board has launched a blockchain system for figuring out particular types of espresso from particular fields in order that they fetch greater costs because of data on the supply of its origin, the finance secretary harassed.