Figure 7 .15 : Strategies and outcomes targeted for the next five years

National blockchain framework

Key learnings

There are many development frameworks with different scalability,

throughput per second rate, transaction finality capability, security

capabilities, and so on. The suitability of these platforms across various

application domains needs to be investigated and understood in depth.

Hence, a detailed assessment of these platforms shall be carried out for

the selection of a suitable blockchain platform as per the requirements.

The blockchain adoption in the existing traditional transaction processing

systems across various domains cannot be realized in a short span of time

due to technological and administrative challenges, and hence, a sector-

wise migration plan shall be devised after understanding pilot

implementations of blockchain technology.

Standard operating procedures shall be developed based on the

experiences gained in technology adoption, which eventually will lead to

the formulation of best practices or standards.