capacity-building initiatives in blockchain and its implementation in e-

governance and other applications would be taken up on a continuous

basis.

Implementation strategy

Centralized planning and decentralized execution will be followed for the

overall strategy implementation.

Adoption incentive

Central and state governments shall formulate their respective schemes

and guidelines detailing fiscal and non-fiscal incentives in this sector to

enable large-scale adoption of blockchain in the country. Special

incentives may be considered for providing sandbox environments for the

blockchain infrastructure.

Figure 7.19 depicts the strategies and outcomes targeted to be achieved

during the next five years (up to 2026-27 ) of implementation of the

National Strategy on Blockchain.

Institutional mechanism

An institutional mechanism within MeitY and a collaborative framework

with other ministries/ departments and states would be evolved. While

evolving the National Blockchain Framework, various aspects such as

standardization, governance, processes, and SOPs specific to domains

such as smart cities, healthcare, and so on. Would be separately evolved

by identifying and involving various stakeholders. It would also facilitate

state-wise blockchain adoption and synergy across potential inter-

sector/ inter-ministerial use cases leveraging the expertise and national

footprint of NIC and other MeitY organizations.

A Blockchain Advisory Council under the chairmanship of Hon’ble Minister

of Electronics and IT with representatives from various central government

ministries/ departments, states, academia, and industry shall be constituted to

provide overall guidance at the policy level for the blockchain initiatives in the

country.

A steering committee under the chairmanship of secretary, MeitY, with the

secretaries of various central line ministries dealing with key domains, selected

state IT secretaries, and academia and industry representatives will be

constituted for regular review and monitoring of the implementation of the

National Blockchain Strategy.

Figure 7.15 shows the strategies and outcomes the next five years: