Is Blockchain Technology Still Futuristic For India’s Finance Sector?
This application is linked to the land registry as maintained by the government and by using zero-knowledge proof. If this sounds way too futuristic then let me tell you that work on blockchain-based land registry has already begun in several states in India and most of the other linkages mentioned are already present as a solution. Like every technology, the promise of blockchain also can be realized more effectively when integrated seamlessly with other technologies. In January 2020, Niti Aayog issued a discussion paper on Blockchain – The India Strategy which outlines various promising use cases. ICICI Bank on-boarded over 250 enterprises on its blockchain platform for domestic and international trade finance in 2019.