Niti Aayog eyes use of blockchain technology

THE HANS INDIA |   Jan 06,2018 , 05:10 PM IST

Niti Aayog eyes use of blockchain technology
Niti Aayog eyes use of blockchain technology

The Aayog had recently conducted a hackathon on the use of blockchain technology, following which it is exploring its widespread usage across sectors.Niti Aayog, the government’s premier policy-making body, is exploring the use of blockchaintechnology in legally approved areas such as education, health, and agriculture.

A ‘proof of concept’ is being prepared at the Aayog to leverage the use of this technology in key sectors, a senior government official told ET.

“It is a safe system for document verification and hence can be adopted in sectors like education, health, and agriculture,” said the official, who did not wish to be identified. The Aayog had recently conducted a hackathon on the use of blockchain technology, following which it is exploring its widespread usage across sectors.

A blockchain is a decentralised and distributed digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks.
This allows the participants to verify and audit transactions inexpensively. The Aayog, set up in place of the erstwhile Planning Commission three years ago, has tried to bring high-end technology to key social sectors while giving policy directions in the energy sector through its National Energy Policy or the electric vehicle mission.

It introduced and popularised the concept of Atal Tinkering Labs or incubation centres across several schools in the country to encourage innovation among students. Besides, it has been instrumental in laying out a roadmap for disinvestment in more than 74 PSUs, rolling out the digital movement for the country post demonetisation in November last year and introducing big-ticket reforms in health and education system.

Source: techgig.com



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