In line with a recent local news source ‘Economic Times,’ the IAMAI, whose remit is to “expand and enhance”the weband mobile sector,woulduse its “Blockchain Committee” to “identify opportunities and challenges and work with govt.,businessesand startups” to develop a blockchain “ecosystem, confirmed in a recent official tweet.
This IAMAI move comes amid testing times for digital currencies inIndia, with the country’s supreme court still deliberating on thelawfulnessof 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,aforementionedthe technology wasnevertheless“undoubtedly the technology ofthe long run.”
Adding further, she added:
“The IAMAI Blockchain Committeewould be focusing onmakingdialogue between all stakeholders;curateand createcontentto assistskilldevelopment and move towardsmakinga participative economy with the usage of blockchain.”
Participantswithin the IAMAIcommitteeembracemajor Indian cryptocurrency exchange ZebPay, itself a conspicuous victim of the central bank’s ban, having halted its exchangeservicesaltogether late in last month.
Other partiesembracerepresentatives from MasterCard, Microsoft and IBM.
TheReserve Bank Of Indiaitselfis additionallyresearching blockchain, in line with additional sourcesreported earlier in August, asa part ofanassessmentprocessduring whichit’d“check whatare oftenadopted and what cannot.”