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Prime Minister Narendra Modi Stresses On Importance Of Blockchain Technology In India

Prime Minister Narendra Modi believes that blockchain and newly emerging technologies can bring change in India. He tweeted that the rising technologies such as artificial intelligence, machine learning, Internet of Things, blockchain and Big Data will enable India to advance, increase employment and enhance each Indian’s life.

According to him, this is not only industrial change, but social change as well. He stated, “Industry is a process and technology is a tool. However, the ultimate goal is to change the life of the last person waiting in the queue.”

Prime Minister is seen inclining towards blockchain technology since February this year. He said that technology has the capability of changing the way we work and live and would require fast adaption in our working environments.

The Prime Minister has not discussed blockchain technology out of the blue. He had talked earlier about the ways blockchain can be utilized to streamline the farming industry. He believes that there are different ways it can enhance the lives of individuals in the nation.

Prime Minister Narendra Modi said that blockchain technology will play a huge role in the agriculture industry. He agrees that the innovation will help to have a constant monitoring over the production network and catch bad actors on the system. Blockchain will help achieve transparency in the purchasing and selling of products.

According to Crypto News report, from production to product reaching ranchers, all the stages will be visible with the assistance of this technology. There will be a whole network of individuals including, ranchers, administrative bodies, processing units, etc. in the blockchain. There will be less extension for debasement.

Prime Minister Narendra Modi said that blockchain technology in Indian agriculture could help to solve many problems, as reported by Inc42. In some parts of the country, farmers have already started using it like drone technology in pest control. Also, soil mapping and community pricing have also implemented this technology.

[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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Vincy is a believer in technology. She produces updates on digital currency and covers the development of blockchain technology. She reaches her audiences with unique and captivating content. 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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