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​Blockchian introduces Maharashtra test in India in preparation for application

2019-08-19 09:30 am | Resource: News Section | No Views : 27

​Blockchian introduces Maharashtra test in India in preparation for application The government of Maharashtra, India, is a regulatory fund to test emerging Blockchian technology solutions across applications, according to local press reports in the country.
According to a report in India's English-language DNA India daily, Monday, August 19, the government aims to apply Block chian technology in supply chains, agricultural marketing, vehicle registration and document management.
The development process will be led by Maharashtra IT Directorate and the government has already allocated 100 million rupees (approximately $ 1.4 million) to adopt Blockchian from 2019 to 2020. 40 million ($ 560,000) has been approved by the Implementation Committee. Chief Secretary, State Information Technology Department S.V.R. Srinivas told DNA India:
“The state government is adopting advanced technology to help enhance management efficiency. The government has already completed the first pilot of the Block chian series in the areas of health, supply chain, documents and SSC certificates, and a detailed report has been prepared to engage in the widespread use of Block chian technology in various government departments. "An organizational protection fund, which will be a common framework for adopting Block chian technology, will be set up within the next five to six months."
Maharashtra, the capital of Mumbai, is the second largest state in India and has more than 114 million people. The state government has previously signed a memorandum of understanding with the Bahrain Economic Development Board to develop a framework for joint promotion of technology.
Many Indian companies and government organizations apply Block chian technology to their business and management models. In June of this year, news revealed that the Reserve Bank of India was developing the Block chian banking platform in its R&D branch.
Last week, Indian telecommunications company Reliance Jio Infocomm Limited announced it was developing one of the world's largest Blockchian networks. Chairman and Managing Director of the company, Shri Mukesh Dr. Ambani, “Over the next 12 months, Jio will install across India one of the world's largest Block chian networks, with tens of thousands of nodes running on the first day.” The current user base of more than 330 million people.

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