Maharashtra CM Uddhav Thackeray to Roll Out State Blockchain Policy

Maharashtra Chief Minister Uddhav Thackeray has given his nod to blockchain technology and the state government is planning to introduce “State Blockchain Policy.” The move is expected to offer Maharashtra, the major financial hub of India, directions to emerge as the first blockchain-powered state in the country.

Earlier, Maharashtra had implemented four pilot e-governance projects that revolved around blockchain technology.

Meanwhile, the state is assessing various steps in an effort to accept innovative technologies to transform government services.

Maharashtra has already adopted data analytics, artificial intelligence, blockchain, drones, etc. towards the direction of taking vital e-governance initiatives. The state has already witnessed large scale acceptance and adoption of blockchain.

According to a report, the four pilot projects that are making optimum utilization of blockchain technology in Maharashtra include transport, health, finance, and agriculture. Reports claim that the corneal transplantation at the leading Gokuldas Tejpal Hospital in Mumbai makes effective use of blockchain technology.

In other parts, including the state warehousing corporation, a warehousing system has been launched for the assistance of farmers that will provide smooth access to finance and help in exporting their crops such as pomegranate fruit.  Meanwhile, for Mumbai’s RTO, a vehicle supply chain has also been established.

SVR Srinivas, principal secretary, Department of Information Technology revealed, Uddhav Thackeray coined the idea of Blockchain policy. The CM said that the state must adopt blockchain policy for the larger interest of people of the state. The policy will be released in a short span of time.

Soon after the success of phase 1, the state officials have now recognized the requirement for shared infrastructure and pilot blockchain networks, thus bringing town time and implementation cost added the official.

GBA India President Sharat Chandra said that the government has a strong role to play as the promoter, regulator, and incubator for the blockchain technology.

Sharat Chandra added, “For delivering maximum governance, government departments must digitally transform themselves, especially from inter and intra-departmental angle, to get rid of the multiplicity of workflows across various departments and address concerns related to data integrity and consistency.”

Recent Articles

SOMESING to Join GroundX’s Klaytn Ecosystem

Ground X has announced that SOMESING, which is a social karaoke app built on the blockchain, would move their Mainnet to Klaytn. Klaytn is...

Blockchain in Online Gambling and Betting Industry

Online gambling and betting industry have grown considerably over the years, transforming the casino landscape for the better. Millions of players prefer visiting the...

Money Laundering in Cryptocurrency: Is it Truly Possible?

Money laundering is a common practice among criminals and illicit businesses. The term money laundering typically refers to making the illegally acquired money appear...

Danal FinTech to Adopt a Complete AML Product Suite Developed by Uppsala Security

Decentralized cybersecurity solutions firm Uppsala Security announced on Tuesday that it had signed a cryptocurrency anti-money laundering (AML) solution contract with the South Korean mobile...

Bitcoin Scams and Regulatory Authorities: Things You Should Know

The decentralized nature of Bitcoin and other cryptocurrencies is like a double-edged sword. On the one hand, it provides freedom from any...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox