Indian government policy “think tank” NITI Aayog has released its national blockchain policy draft paper, titled “Blockchain – The India Strategy”. The policy explains different use cases of blockchain in the country alongside some conclusions from ongoing pilot projects. The strategy document is aimed at clarifying the concepts surrounding the blockchain technology. Its target stakeholders include enterprise leaders, the government, and citizens of the country.
This first part of the two-part Strategy document deals with fundamental concepts, trust systems, the economic benefit of smart contracts and blockchain, ease of doing business and other ongoing use cases. Part two, which will be released soon, will mainly cover different recommendations for using blockchain in India.