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Initiate Policy Decision For Blockchain Technology To Dispense Public Services: PHD Chamber

By: business-standard.com 1 month ago
Initiate Policy Decision For Blockchain Technology To Dispense Public Services: PHD Chamber

The government's services that can be effectively and widely disseminated through policy decision in favour of Blockchain Technology comprise all financial and banking services and other services such as airlines, cargo, railways, telecom, healthcare, land records and property transactions and the like as the Blockchain Technology cannot be tampered with and currently in wider uses in countries such as UK, Japan, Singapore, China and USA and the like.

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PHD and Industry has proposed to the government to immediately launch an intensive exercise for initiating a policy documentation on adoption of Technology through which government's services could be dispensed with to all masses in public domain to make the digitisation a great success.

The government's services that can be effectively and widely disseminated through policy decision in favour of Technology comprise all and other services such as airlines, cargo, railways, telecom, healthcare, and and the like as the Technology cannot be tampered with and currently in wider uses in countries such as UK, Japan, Singapore, and USA and the like.

Mr. reminded that the NITI Aayog has already conducted a fruitful hackathon for adoption and applications of Technology given its successful uses and applications in some of the economies of scale and therefore, a wider and a broader view needs to be taken for adoption of this technology in the public interest for better and faster dispensation of all government's services for the use of larger masses.

Prof. was of the view that the better it would be for the government of to take a policy decision on Technology and put all its services on the proposed Technology as it is competitive, cost effective and cheaper, besides being trustworthy as the transactions effected through this technology can neither be changed nor altered and are recorded as also are immutable.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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