Prime Minister of India: Blockchain Requires 'Rapid Adaptation'

February 21, 2018

One of the most influential Indian officials called blockchain technology 'disruptive' and said that it is capable to radically change the Indian society.

Prime Minister of India Narendra Modi was speaking at the World Congress on Information Technologies (WCIT) in Hyderabad, India.

He told the audience:

"Disruptive technologies such as Blockchain and the Internet of Things, will have a profound impact in the way we live and work. They will require rapid adaptation in our workplaces."

Except for the Prime Minister, representatives of IT industry associations of more than 80 countries took part in the conference. This consortium is called the World Information Technology and Services Alliance and claims to represent more than 90% of world's information and communications technology industry.

During the conference, India's primary IT trade association called the National Association of Software and Services Companies (NASSCOM) has announced the launch of a platform called FutureSkills, which will develop skills in eight different technologies, including blockchain technology. Previously, NASSCOM created a special interest group, which has been investigating possible use cases of blockchain technology in both financial and non-financial industries. It also performs informing and educating of Indian people about the innovative distributed ledger technology.

Ministry of Law and Justice of India Ravi Shankar Prasad also believes that it is vital to use new technologies and young people in India should be educated to use them effectively.

He said:

"Digital empowerment can only happen if there is digital inclusion. With the advent of new technologies like AI, Blockchain and IoT, reskilling of young professionals is critical."

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