More
    29.1 C
    Delhi
    Friday, March 29, 2024
    More

      Maharashtra News : State Government to Use NFT Tech to Store Health Data and Partners With Algorand Blockchain

      India is exploring the use-cases of blockchain technology to harness its potential to maximum. The government of Maharashtra has team-up with the Algorand blockchain and MAPay, which is a healthcare technology firm, to store health data as NFTs.

      The Ministry of Public Health and Family Welfare under the Government of Maharashtra will be releasing 100 million NFTs in the first phase of this initiative.

      The development comes after Algorand claimed to have seen tonnes of blockchain supporters from India in its Decipher conference that was recently held in Dubai.

      Release in 2019, Algorand is a green, proof-of-stake (PoS) blockchain.

      The developers of the blockchain claim to enable the convergence between decentralised finance (DeFi) and traditional finance.

      Official statement about the initiative said :

      “NFTs will help eliminate intermediaries in the healthcare system that routinely cause bottlenecks, introduce risk, and drive-up costs for all parties including patients, health care providers, insurance companies, and banks,”.

      The Algorand blockchain vouches to be carbon negative, without having witness any zero time since its launch.

      The Algorand Foundation has appoint Anil Kakani as the country head to oversee all of its India operations.

      Saving patient details on the blockchain would not only be unchangeable but will also bring more transparency to the overall system.

      MAPay is already working with healthcare providers in the US to move related data on the blockchain.

      Michael Dershem, the CEO of MAPay, commenting on the partnership Said :

      “This use case is a perfect real-world application of blockchain technology. The impact on individuals and society as a whole is what we wake up to accomplish every day,”.

      Members of the United Nations have also applauded India’s step to open experiments in the blockchain technology.

      ALSO READ  Why the Government and States do not want Petrol and Diesel under GST | Detail Analysis

      Sabine Kapasi, UN Health Policy and Governance Strategy lead Said :

      “This technology is transformational. Its transference and acceptance globally once seemed unimaginable; but now it is within reach,”.

      This is not the first time that the government of Maharashtra has dive deeper into testing the distribute leger technology.

      In March 2022, the Polygon blockchain was chosen by the Maharashtrian government to issue caste certificates in the Etapalli village and Gadchiroli district.

      The move aim at curbing the ‘menace of forgeries‘ and ‘identify the right beneficiaries for delivery of government schemes‘.

      The technology is garnering the attention of other state authorities in India as well.

      The Firozabad police, back in October, announce the launch of a new complaint forum, that is built on the Polygon blockchain.

      All details file on the blockchain network cannot be alter or edit.

      This would ensure consistency in details around the cases that would come under investigation.

      Related Articles

      LEAVE A REPLY

      Please enter your comment!
      Please enter your name here

      Stay Connected

      18,731FansLike
      80FollowersFollow
      718SubscribersSubscribe
      - Advertisement -

      Latest Articles