Government initiates blockchain evaluation problem for utility development

The Indian authorities has initiated a evaluation problem in Blockchain experience to develop an entire experience stack for end-to-end blockchain utility development.

Media critiques have confirmed that the problem, named ‘Design and Development of a Unified Blockchain Framework for offering National Blockchain Service and Creation of Blockchain Ecosystem’, will facilitate the creation of Open Application Programming Interfaces (Open APIs) for clear integration and provision of blockchain-as-a-service (BaaS) over distributed infrastructure.

According to the critiques, the Ministry of Electronics and Information Technology (MeitY) has not carried out any formal look at on the monetary and technological options that Web3 offers. However, the ministry is acutely aware of the potential of the sector, and this has led to the occasion of the National Strategy on Blockchain in 2021.

Moreover, the evaluation problem is a part of the federal authorities’s effort in route of realizing Web3, as blockchain performs an essential place in it. The National Strategy on Blockchain, which includes primary experience parts needed for Web3, has resulted on this initiative. Therefore, blockchain experience is a crucial ingredient of Web3.

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