[2016-11-28] Firstpost: Govts, industries worldwide to embrace blockchains

[polynesia]

Governments and industries worldwide gear up to embrace blockchains

http://tech.firstpost.com/biztech/governments-and-industries-worldwide-gear-up-to-embrace-blockchains-349969.html

The US House of Representatives recently gave the green light to the Blockchain technology, advocating that the new-era innovation be implemented as a “national policy for technology to promote consumers’ access to financial tools and online commerce to promote economic growth and consumer empowerment.” Federal Reserve governor Lael Brainard also recently remarked how the Blockchain technology could have a major impact on the financial system. “We are paying close attention to distributed ledger technology, or Blockchain, recognising this may represent the most significant development in many years in payments, clearing, and settlement,” she said. Brainard also said that the Fed would publish a research paper on the subject later this year, also indicating that the central bank would discuss the path-breaking technology with both private and public sector stakeholders.

[nizamcc]

Waiting to see such embracing statements coming from Government of India too as digitization is taking place rapidly here, and I think that this is the time blockchain should get started being used for different purposes in India too, because if not bitcoins, at least this blockchain technology should be conserved.