Blitz Bureau
NEW DELHI: India’s journey towards a trusted digital economy is being steered by coordinated efforts of key regulators and technology enablers. NBF provides the core infrastructure for blockchain adoption across governance, supply chains, and enterprises.
The current system for issuing and using certificates encounters challenges such as use of fraudulent documents and delays in service delivery. To overcome these challenges, the National Informatics Centre (NIC) has adopted blockchain technology to build a ‘Certificate Chain’ for secured storage and retrieval of such records.
A use case of this certificate chain is the academic documents of the Central Board of Secondary Education being stored in the blockchain. Similarly, Document Chain is a platform that provides a standard procedure for storage and retrieval of any document issued by the Government such as caste, income, ration card, driving license, birth & death certificates etc.
Secure, transparent Logistics Chain: It provides a secure and transparent platform for tracking the movement of goods or resources across multiple stakeholders. Using blockchain technology, all transactions in the supply chain are recorded in a tamper-proof ledger, ensuring traceability and accountability at every stage. Judiciary Chain: It leverages blockchain to enhance transparency, efficiency, and trust within the justice system by providing a secure, immutable, and time-stamped record of judicial data and documents. Property Chain: The blockchain-powered Property Management System ensures that every property transaction is securely recorded on the blockchain.
Even during updates or transfers in land records, all stakeholders can access the complete transaction history before making decisions. The national strategy on blockchain developed by MeitY, outlines a roadmap for the development of blockchain technology. It addresses challenges and sets short-term and long-term goals for blockchain integration across various domains.
Centre of Excellence The National Informatics Centre (NIC) has established a Centre of Excellence (CoE) to serve as a platform for Government departments to receive consultancy, training, and support for developing pilot projects (Proof of Concepts) before fullscale implementation.
The CoE provides blockchain-related services and ICT infrastructure that help departments connect their systems and use blockchain technology effectively. The Telecom Regulatory Authority of India (TRAI) has integrated blockchainbased Distributed Ledger Technology (DLT) into the telecom ecosystem, mandating all principal entities and telemarketers to register their message transmission chains, enabling end-to-end tracking of SMS from origin to delivery.
The Reserve Bank of India is leveraging blockchain technology to modernise the country’s financial system through pilot projects such as the Digital Rupee. The retail pilot demonstrates how blockchain enables instant, traceable, and transparent payments. The National Securities Depository Limited (NSDL) has introduced a Distributed Ledger Technology (DLT)–based blockchain platform for Debenture Covenant Monitoring, marking a major step in modernising India’s capital markets.
MeitY initiatives To foster a skilled talent base in emerging technologies like blockchain, the Ministry of Electronics and Information Technology has launched several capacity-building programmes focused on blockchain.
These initiatives aim to create a futureready workforce. The initiatives include a skill development programmes for Government officials; PG Diploma in FinTech & Blockchain Development; an online programme by Centre for Development of Advanced Computing aimed at engineering students and early-career professionals to build proficiency in blockchain technology; and FutureSkills PRIME, an industry-oriented initiative that aims to equip the country’s workforce with digital capabilities in ten emerging technologies.
