Cryptocurrency

Indian State Pursues Blockchain Technology to Curb Administrative Corruption

The South Indian state of Telangana is gearing up to adopt blockchain technology and integrate it with its public services. Reports emerged from CCN that high-ranking officials in the province’s government were signing contracts with start-up corporations and consultants in this technological area. Their vision is supposedly to bolster the working mechanism of the state’s vast administrative machine, while also cleaning up unethical practices and removing chances of fraud and corruption.

In a report by the Business Standard, Jayesh Ranjan, a leader for the state’s I.T. and Industries sector commented that blockchain technology was going to be applied in six or seven government-run applications. According to Rajan, moving the government machinery to such technology-based platforms would bring transparency and help citizens keep a track of vital information.

The state officials believe that such digitally-grounded public services would boost productivity, while at the same time helping to curb illicit practices occurring within the fields of government. Deceptive practices and corruption, which has plagued the country at high levels, would also be enormously reduced.

Pro-business Move

Apart from the public sector, leaders from the business field are also vouching for a higher level of government involvement in the emerging blockchain revolution.

Abhishek Pitti, the founder of ‘Nucleus Vision’ is organizing an International Blockchain Conference in Hyderabad, the capital of the state of Telangana on the 3rd of August. The event is scheduled to feature prominent state government leaders, as well as authorities involved in strategic planning schemes in rural and urban territories of the state. The event is also set to feature venture capitalist Tim Draper along with other prominent personas from the bitcoin crypto-financial fields.

Despite the enthusiasm in the state, future prospects for blockchain and crypto-technology in India remain uncertain, with a ban on the currency-format having recently been enforced by the country’s financial regulator.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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Siranjeev has been involved in content development and professional writing for over five years now. He's worked with tech firms, digital management companies and blog outlets. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy the website.

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