Blockchain and India The love hate relationship between the technology and the state The Blockchain community in India is going bezerk over the recent news of RBI instructing the country's financial institutions to not allow payments for purchase of crypto currencies in India. At the same time in this years budget session, Mr . Arun Jaitley the finance minister announced plans to adopt the Blockchain technology. “The government will explore the use of Blockchain technology proactively for ushering in the digital economy,” Jaitely said. Courtsey : Indian Express So what does the government actually want to do? The Blockchain Technology A Blockchain is a digitised , decentralised , public ledger of transactions. By allowing digital information to be distributed , but not copied, Blockchain technology formed the backbone of a new type of Internet. Originally devised for financial transactions, it formed the base of Bitcoins, but gradually the t...
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