How will blockchain be adopted around the world? This is what experts and thought leaders in India addressed at the conference “Transforming Public Utilities: Blockchain Use-Cases over Digital Infrastructure Aligning G20 Agenda” organized by Blockchain Forum for Productivity.
Held at the Constitution Club of India in New Delhi, the conference hosted a wide range of speakers representing TRAI, STPI, TCIL, Serenity Shield, CDAC, TEC, IIM Lucknow, HyperLedger Foundation, Gaia Smart Cities, Bharat Web3 Association, Ministry of defense. , Indian Navy and IEEE who shared their ideas on transforming public services with blockchain.
Dr Satya GuptaChairman of the Blockchain for Productivity Forum and the Bharat IPv6 Forum, made it clear that the aim of the conference is to create awareness about the issue. blockchain use cases this would improve productivity and solve problems for public enterprises, government and society as a whole.
Still on the topic of blockchain’s usefulness, Serenity Shield co-founder and CEO Venkat Naga reiterates: “Every industry will have a use case for blockchain.” He believes technology brings results decentralizationprivacy, security and traceability and promotes data ownership, which he believes must be adopted by different industries around the world.
Blockchain use cases, as discussed in the forum
Since his G20 Presidency, India has maintained its strong stance on blockchain adoption. In September 2022, Indian Finance Minister Nirmala Sitharaman Express that the use of blockchain technology would increase by 46% over the next few years. And the leaders of the Blockchain for Productivity Forum agree with the Minister of Finance’s statement.
Former Competition Commission of India Director General Kaushal Kumar Sharma said in his opening speech that in the coming years, blockchain would reduce crime in the South Asian country.
“Mark my words, in the next five or six years, because of transparency and all these things, (blockchain) would lead to a reduction in crime. This will lead to honesty by default because you have no options. If you detect crime and arrest criminals quickly, people will be driven to follow an honest society,” he noted.
Adding to the discussion, more and more leaders have been thinking about using technology to secure the telecommunications sector, monitor cyberspace, manage supply chains and take advantage of blockchain in the healthcare and pharmaceutical sectors.
“The main thing today was really to prepare for the G20 and work on digitalizationhow blockchain could be involved in this, especially in productivity, utility and all the different use cases,” said Julian Gordon, VP of Asia Pacific, Hyperledger and OpenSSF, Linux Foundation.
In conclusion, Dr. Gupta reminded everyone that one does not need to be an expert in the field to learn about blockchain technology, as using it every day will teach them how to properly operate the technology.
“(We) shouldn’t be afraid of blockchain thinking it’s a technology, thinking it’s very complex… you don’t need to be an engineer, you don’t have You need to be a computer scientist to understand blockchain and use blockchain,” he said.
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