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Indian State of Maharashtra to Adopt Blockchain Technology

Blockchain

Maharashtra, India’s largest state, has announced a sizeable investment in blockchain technology. The state houses one of India’s main metropolitan cities, Mumbai, and will be integrating blockchain within its administrative systems.

So far, it has plans to use the technology in supply chain management, vehicle registration, agriculture marketing as well as document storage and management. It will then slowly roll out changes to other departments as well. The Maharashtra Information Technology Directorate will be exploring and implementing these changes.

The state government of Maharashtra gave its approval for the project two days ago. They have decided to invest 10 crore rupees (approximately $1.4 million) in the project for the year 2019-20. Moreover, an additional 4 crore rupees (approximately $560,000) will be used solely for technology adoption.

The Principal Secretary of the State Information Technology Department, SVR Srinivas told Indian news organisation, DNA:

The state government is adopting a cutting edge technology to help enhance efficiency in governance. Already the government has completed its first blockchain pilot in the fields of health, supply chain, documents and SSC certificates. A detailed report has been prepared to go in for extensive use of blockchain technology in various government departments. A regulatory sandbox, which will be a common framework for adopting blockchain technology, will be prepared in the next five to six months.

The government wishes to jump on the blockchain train due to multiple reasons. The high level of security that distributed ledger technologies provide is a major incentive. Moreover, there is a belief that by employing this cutting-edge technology, the state can improve the efficiency of its internal systems. Processes such as document verification should no longer be as painful and time-consuming as before.

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