Chauhan stresses on need to focus on blockchain technology
Dr Sujata Seshadrinathan, Director – IT, Basiz Fund Services of Mumbai, has highlighted opportunities, challenges and enabling factors of blockchain in various sectors.
“Blockchain is helping us to build a better world. It is here to stay and there is no other technology like it. While many have understood the features of blockchain but not the technology behind it,” she said at the roundtable conference titled “Blockchain Revolution: Unlocking Startup Opportunities in India”.
“There will be a gap in (understanding) of every innovation adoption in first few years. However, as far as technology is concerned, blockchain is one of the most powerful innovations of recent times and also the most misunderstood,” Dr Seshadrinathan said.
Further, she spoke on implementation and cost of blockchain innovation.
Underlining the importance of blockchain, Ashish Chauhan, MD and CEO, National Stock Exchange, stressed on the need to focus on blockchain technology, AI, 5G and all kinds of technology, their advantages and disadvantages.
“It is important that we have forums where all aspects of these technologies are discussed and then brought to light to the policy makers.
“Blockchain as a technology is here to stay and such discussions are very much necessary for the betterment of our country,” he told the roundtable on 20 July 2023.
Blockchain technology has been significant growth in India. Interestingly, both public and private sectors are exploring the potential of blockchain technology and ways to leverage it, said speakers at the event.
There is immense scope for value addition in the several sectors including financial sector, supply chain management, healthcare, and education sectors to expedite processes, validate and securely store data.
The Government has already begun exploring the use of blockchain for government services through ‘IndiaChain’, a block initiative launched by NITI Aayog. There is growing number of blockchain businesses and innovation centers focuses on studying, creating, and implementing its use across domains.
As a part of Startup 20 engagement forum of the G20 presidency, Savishkar India, in collaboration with National Stock Exchange (NSE), Anantam ecosystem and Digital Prosperity for Asia (DPA) organized the roundtable conference, attended by 54 participants. Fiinews.com
Savishkar India is governed by Vidyarthi Kalyan Niyas (VKN) Bhopal and provides incubation platforms and internships to those who want to become entrepreneurs.
The coalition for the Digital Prosperity for Asia is an organization consisting of a growing group of innovative Asian digital companies promoting the democratization of digital technologies across all sectors.
Startup20, established under the G20 India Presidency 2023, is an engagement group representing global startup ecosystem stakeholders and raising macroeconomic concerns. Fiinews.com
