In India, the government is playing a key role as a consumer of blockchain solutions and in driving mass adoption of the technology. Nearly half of the states in India have initiated blockchain projects to address different challenges of citizen service delivery, with the government of Telangana and the government of Andhra Pradesh emerging as two of the leading states in terms of blockchain adoption in the country, a new research by the National Association of Software and Services Companies (NASSCOM) and Avasant found.
According to the India Blockhain Report 2019[1], released in February, there are currently more than 40 blockchain initiatives being undertaken by the public sector in India with about 92% of those in proof-of-concept or pilot phase and 8% in the production phase. While most of these projects are still in the early stages, state governments have taken a progressive approach to ensure startups and niche providers have a conducive framework to participate in these initiatives.
State governments are collaborating with different stakeholders to accelerate blockchain adoption in public sector projects. Such partnerships include the government of Andhra Pradesh and Zebi, a partnership that focuses on developing blockchain-based solutions in land registry, the municipal corporations of Bankura and Durgapur districts in West Bengal and Netherlands-based company Lynked.World, which are building a blockchain-based platform for issuing birth certificates, and the Assam government and Nucleus Vision, which are working on setting up blockchain solutions for governance process and other citizen-facing applications.
According to the report, prevalent use cases in India’s public sector include land registry, farm insurance, digital certificates, and e-governance.
In addition to the public sector, private enterprises across all key industries are also identifying different applications of blockchain technology. The banking and financial services industry has seen the
