South Indian Government’s ‘Innovation Society’ to Promote Blockchain Development

It seems not every government official in India has an eye toward draconian or restrictive blockchain regulation, as we’ve seen this year from some in the country’s government. In the southern state of Andhra Pradesh, where they have the APIS – Andhra Pradesh Innovation Society, blockchain is being actively promoted at various levels of government. … Read more

SWIFT India Partners With MonetaGo for Blockchain Banking Pilot

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SWIFT India has announced a collaboration with financial technology provider MonetaGo to launch a distributed ledger pilot program that will aid the operation of Indian banks. Using infrastructure provided by MonetaGo and SWIFT’s standardized financial messages, the proposed blockchain platform will enable banks in the country to improve the security and efficiency of their financial products … Read more

India’s Biggest Private Company Gets Paid on a Blockchain

Reliance Industries, India’s largest private sector firm, has successfully participated in its first ever trade finance transaction powered by blockchain technology. In an industry first, Indian oil and energy conglomerate Reliance Industries completed a trade finance transaction with US-based Tricon Energy, a global chemical distributor. The end-to-end ‘live’ transaction was executed over R3’s Corda blockchain, … Read more

Indian State Government Will Issue Birth Certificates on a Blockchain

Two local governments in West Bengal, India are integrating the application for birth certificates on a blockchain system developed by Lynked.world, a blockchain app company based in the Netherlands. Bankura Municipal Corporation and Durgapur Municipal Corporation will be using blockchain tech to handle administrative operations such as processing requests and verifying legal identities to make processes like … Read more

IBM & Mahindra to Develop Blockchain Supply Chain Finance Solutions in India

Technology giant IBM has announced a partnership with Indian conglomerate and multinational Mahindra to develop blockchain solutions to revolutionize supply chain finance in the country. The two companies aim to develop a cloud-based solution that is a notable departure from existing traditional banking protocols in India, to enable trade finance transactions from suppliers-to-manufacturers through a … Read more