As per DNA article on 19th August, the Maharashtra government has approved Sandbox plan of implementing Blockchain Technology in agriculture marketing, supply chain, registration of vehicles and document management system.
This will cut down the manual process and duplicate paperwork. Pilot project is already implemented for health and Supply chain documents as well as SSC Certificates.
A regulatory sandbox, which will be a common framework for adopting blockchain technology, will be prepared in the next five to six months.” explains Srinivas.
The adoption of Blockchain technology shall simplify and speed up authentication of important documents like proof of birth, family lineage, people and their rights of ownership once they are recorded.
Government has already designated 10Cr, out of this 4Cr is approved by the Project Committee for Blockchain Implementation. Many other Indian companies and Government organisations like JIO, Reserve Bank of India are applying Blockchain to their business models.
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