MeitY proposes national blockchain strategy for adoption across sectors

The Ministry of Electronics and Information Technology on Friday released a “National strategy on blockchain”, which identifies 44 potential areas of using the technology and lays out the broad contours of how it can be leveraged across different sectors.

MeitY has suggested setting up a National Blockchain Framework (NBF) with three types of participants- confident user of technology (application developers), provider or operator of technology (infrastructure and services, Blockchain as a service), and complete technology stack builder (IP creator). 

Suggesting a multi-institutional model for architecting the NBF, MeitY has said organisations must be identified along with their roles and responsibilities. 

The sectors, where