commercial banks and financial institutions for blockchain-based application

pilots. Yes Bank, Axis Bank, and ICICI Bank are also adopting blockchain in

their banking business.

IDRBT

IDRBT has released a whitepaper describing the roadmap for the adoption of

BCT to banking and finance in India via the following three steps:

a. Intrabank: a private Blockchain for the bank’s internal purpose;

b. Interbank: Implementation of PoCs and testing them;

c. Central bank: it is for initiating suitable efforts toward digitizing the

Indian Rupee through BCT. They have also released a blueprint of the

blockchain platform for the banking sector with a focus on architecture,

governance, and technology aspects for a business network leveraging

blockchain.

Capacity building

Government of India has started a future skills prime program

(https://futureskillsprime.in/standalonetechnology/blockchainspecifically)

for upskilling and reskilling in the domain of blockchain to address the need

for growing the talent pool in the country through NIELIT and C-DAC.

Suggestions from public consultations

1. Industry

2. Technology and research and development

3 . Security and privacy

4. Standards

5 . Government

6. Legal and regulatory

7 . Financial inclusion

8. Education, awareness, and academia

9 . Other important suggestions

10. List of potential applications