IAMAI - Forming A New Focus Group For The Blockchain Exploration In India.

IAMAI - Forming A New Focus Group For The Blockchain Exploration In India.

2018-10-17 | Selina Mathew

IAMAI - Forming A New Focus Group For The Blockchain Exploration In India.

In line with a recent local news source ‘Economic Times,’ the IAMAI, whose remit is to “expand and enhance” the web and mobile sector, would use its “Blockchain Committee” to “identify opportunities and challenges and work with govt., businesses and startups” to develop a blockchain “ecosystem, confirmed in a recent official tweet.

IAMAI - Forming A New Focus Group For The Blockchain Exploration In India.This IAMAI move comes amid testing times for digital currencies in India, with the country’s supreme court still deliberating on the lawfulness of the RBI [Reserve Bank Of India] cryptocurrency banking ban it deployed earlier in July this year.

Commenting on the plans, Tina Singh, chairman of the newly-founded Blockchain Committee, aforementioned the technology was nevertheless “undoubtedly the technology of the long run.”

Adding further, she added:

“The IAMAI Blockchain Committee would be focusing on making dialogue between all stakeholders; curate and create content to assist skill development and move towards making a participative economy with the usage of blockchain.”

Participants within the IAMAI committee embrace major Indian cryptocurrency exchange ZebPay, itself a conspicuous victim of the central bank’s ban, having halted its exchange services altogether late in last month.

Other parties embrace representatives from MasterCard, Microsoft and IBM.

The Reserve Bank Of India itself is additionally researching blockchain, in line with additional sources reported earlier in August, as a part of an assessment process during which it'd “check what are often adopted and what cannot.”

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