Blockchain Trends In India

Rajesh Dhuddu, the author of the book, Blockchain A to Z Explained, and Blockchain & Cybersecurity practice lead for IT company Tech Mahindra based in India, participates in Risk Roundup to discuss Blockchain Revolution.

Overview

The blockchain revolution is here. Blockchain technology brings forward the potential to provide a trustable digital infrastructure for a fair and balanced economic ecosystem that is based on shared information and distributed trust that is transparent and trackable. Thus, the question is no longer whether the digital disruption, transformation, and revolution that we are witnessing today on the backbone of blockchain will transform nations, industries, and economies, but rather, how they will do so.

The ongoing blockchain transformation has found its way into the Indian ecosystem. While it is still nascent, India has come to realize its potential and is tapping into its transformative capabilities to change its way of life fundamentally. The adoption of blockchain technology in India is experiencing rapid growth, as seen with the rise in the launch of startups. The investments in blockchain initiatives are in billions across industries. In addition, the number of patents approved is also growing in India. Not only that, but a wave of digital payments has also swept in. The demonetization initiative triggered a shift towards a cashless economy, and the beneficiaries are digital payment platforms. Banks, insurance companies, the real estate industry, supply chain vendors are all in it. With a successful large-scale adoption of digital payments, India seems to be moving towards successfully adopting blockchain. Blockchain is fundamentally defining the future of digital transactions.

So, it is essential to evaluate:

• How is India responding to the blockchain-driven revolution that would bring transparency, trackability, trust, and accountability in the decisions made?
• How serious are the Indian decision-makers and institutions about blockchain technology?
• Are there any problems or issues that need to be resolved for the broader adoption of blockchain technology? Where is a need for more effort?
• How does blockchain change course for Indian markets?
• How many blockchains are in use or development? Which blockchain excites India most?
• What type of applications is being built using blockchain technologies across industries?

Blockchain seems to be a much-needed digital infrastructure for socio-economic development for India.  While blockchains are causing a technology revolution across nations like India, it is crucial to evaluate what is necessary for the technology transformation to succeed. Now is a time to talk about Risks and Rewards!

For more, please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

About the Guest

Rajesh Dhuddu is the author of the book Blockchain A to Z explained. He is also an alumnus of Columbia Business School. He has been recognized as one of the Global Blockchain Thought Leaders by Forbes, Lattice80, Thinkers360 and also by several industry bodies like World Economic Forum (WEF), Confederation of Indian Industry (CII), National Association of Software and Services Companies (NASSCOM) & Governments like State Government of Telangana.

Rajesh has also spearheaded the implementation of several Blockchain Platforms & Solutions globally for Multinational and Transnational Companies, including Worlds’ Largest Multi-Cloud Blockchain implementation to block spam calls and text in partnership with three leading Telecommunication companies in India and the Telecom Regulatory Authority of India. In addition, he leads Blockchain & Cybersecurity practice for IT company Tech Mahindra. He is based in India.

About the Host of Risk Roundup
Jayshree Pandya (née Bhatt), Ph.D., is a leading expert at the intersection of science, technology, and security and is the Founder and Chief Executive Officer of Risk Group LLC. She has been involved in a wide range of research, spanning security of and from science and technology domains. Her work is currently focused on understanding how converging technologies and their interconnectivity across cyberspace, aquaspace, geospace, and space (CAGS), as well as individuals and entities across nations: their governments, industries, organizations, and academia (NGIOA), create survival, security, and sustainability risks. This research is pursued to provide strategic security solutions for the future of humanity. From the National Science Foundation to organizations from the United States, Europe, and Asia, Dr. Pandya is an invited speaker on emerging technologies, technology transformation, digital disruption, and strategic security risks. Her work has contributed to more than 100 publications in the areas of science and commerce. She is the author of the books, Geopolitics of Cybersecurity and The Global Age. In addition, she writes about Artificial Intelligence on Forbes.

About Risk Roundup

Risk Roundup, a global initiative launched by Risk Group, is a security risk reporting for risks emerging from existing and emerging technologies, technology convergence, and transformation happening across cyberspace, aquaspace, geospace, and space. Risk Roundup is released in both audio (Podcast) and video (Webcast) format. It is available for subscription at Risk Group Website, iTunes, Google Play, Stitcher Radio, Android, and Risk Group Professional Social Media.

About Risk Group

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