blockchain for india yes or no, yes but when – emerging technologies india – medium

Yogesh Malik Future is already here, it is just unevenly distributed. Technology Evangelist and Digital Futurist Jun 8 · 2 min read Blockchain has been around and gaining momentum around the world, but in India, it is only known to the technology people and industry that is going to benefit out of this technology isn’t talking much about Blockchain in India. Infosys’ EdgeVerve System is already in the initial talks to discuss with the banks to use Blockchain technology. Are we expecting that a land transaction will be done in hours instead of days or weeks; only time will come, but Blockchain will save a lot of money for the banks and bring higher efficiencies in the system and eventually end customers will benefits. Currently, in India, there is no law to buy or sell Bitcoin. Indian industry leaders, policy makers, regulators and experts have been meeting over this agenda; but nothing came up as of now. ZebPay has an application platform for Bitcoin, and Goenka of ZebPay says “This is the internet of money. China does Rs 10,000–20,000 crore worth of bitcoin trade a day. There’s no reason why we (India) should be different,” I am not sure about the user base for this app and how many transactions have been in place.

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Page 1: Blockchain for india yes or no, yes but when – emerging technologies india – medium

Yogesh MalikFuture is already here, it is just unevenly distributed. Technology Evangelist and Digital FuturistJun 8 · 2 min read

Blockchain For India? Yes or No, Yes But When?Blockchain has been around and gaining momentum around the world, but inIndia, it is only known to the technology people and industry that is going tobenefit out of this technology isn’t talking much about Blockchain in India.

Infosys’ EdgeVerve System is already in the initial talks to discuss with thebanks to use Blockchain technology.

Are we expecting that a land transaction will be done in hours instead of daysor weeks; only time will come, but Blockchain will save a lot of money for thebanks and bring higher efficiencies in the system and eventually endcustomers will benefits.

Currently, in India, there is no law to buy or sell Bitcoin. Indian industryleaders, policy makers, regulators and experts have been meeting over thisagenda; but nothing came up as of now.

ZebPay has an application platform for Bitcoin, and Goenka of ZebPay says“This is the internet of money. China does Rs 10,000–20,000 crore worth ofbitcoin trade a day. There’s no reason why we (India) should be different,” Iam not sure about the user base for this app and how many transactions havebeen in place.

https://medium.com/@YogeshMalik?source=post_header_lockup

http://techcircle.vccircle.com/2016/05/24/zebpays-sandeep-goenka-on-what-makes-bitcoins-so-popular/

Page 2: Blockchain for india yes or no, yes but when – emerging technologies india – medium

Cognizant, Wipro, TCS and Infosys all are now working on FinTech andconsidering Blockchain technology.

In India, the laws are yet to catch up on how to deal with this technologydisruption; but the popularity of Bitcoin and Blockchain has certainlyincreased.

Where to go next? ( for more details on Blockchain)Deloitte : Blockchain: Enigma,Paradox, and Opportunity : PDF downloadlink

Accenture: Blockchain in the Investment Bank PDF download link

EY : Blockchain technology as a platform for digitization Implications forthe insurance industry : PDF download link

Gov.uk: Distributed Ledger Technology: beyond block chain — Gov.uk:PDF download link

Barclays : Blockchain: understanding the potential — Barclays : PDFdownload link

PwC : What’s next for blockchain in 2016? — PwC : PDF download link

Sogeti: Blockchain: cryptoplatform for a frictionless economy: PDFdownload link

Now, what do you think of this statement/prediction given by Blockchain Co-Founder, Nicolas Cary

You Can Be Your Own Bank

Source: You Can be Your Own Bank — with Blockchain

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https://www2.deloitte.com/content/dam/Deloitte/nl/Documents/financial-services/deloitte-nl-fsi-blockchain-enigma-paradox-opportunity-report.pdf