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Govt of India Looks Ahead Towards Leveraging Blockchain

March 11, 2019 16:40
Blockchain Summit India 2019
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The Blockchain Summit India 2019, which is under the aegis of the bigger Vision Blockchain 2030 initiative, recently concluded in February in Lucknow. The summit was supported by the Department of Science & Technology, Government of India and State Government of Uttar Pradesh.

The event was attended by several eminent names from the government as well as from the Indian industry. Some of them included, Suresh Prabhu (Hon. Minister of Commerce and Industry), Sanjay Kumar (Chief General Manager, HPCL), Nitin Seth (CEO, Incendo Inc. & Ex-COO Flipkart), Akbar Ansari (IIM Lucknow EIC) and Kumar Gaurav (Founder & CEO, Cashaa; Chairman, Auxesis Group).

Gaurav had opened the event with a keynote speech stating, “India redesigning a system of trust for the survival of the human race”, which was followed by an opening ceremony.The following day, Kumar moderated a panel on alternative equity investment providing new high return opportunities for Indians around the world, with representatives from Plutus VC, NeonVest, Bluford Capital and Smart Valor participating in the discussion.

Suresh Prabhu announced that the government is very serious about leveraging blockchain technology in India. He said that the government has signed an agreement with Government of UAE to learn and leverage blockchain technology in the e-governance of India. The two-day summit observed the presence of over 80 global blockchain influencers and speakers to address 2300 participants joined at the summit. More than 50 Venture capitalists came together with a number of premium academic institutes including ISB, NUS, IIT-B,IIT-D IIM-S and others to participate in the summit to strengthen the Indian blockchain ecosystem.

He further said that the technology offers great opportunity to think differently and bring in strategic ideas which the Government is looking forward to implement.

This was slated to be one of the largest blockchain summits to be ever held in the country and it had multiple elements to offer its mixed audience of policy makers, entrepreneurs, VCs, academicians and students. At the main stage, the conference included corporate presentations on blockchain by Google, IBM, Cognizant, ConsenSys, Auxesis, Tech Mahindra, Accenture and EIL for India.

In the past, the official website had said, “The summit is targeted towards enabling Indian government and ministries to speed up the process of developing a flourished blockchain and cryptocurrency ecosystem.”

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