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NITI Aayog Calls Out Indian Techies to Try Newly Launched Blockchain Module | Details Inside | 2YODOINDIA

NITI Aayog Calls Out Indian Techies to Try Newly Launched Blockchain Module | Details Inside

NITI Aayog has launch a blockchain module to help local developers explore the potential of the sector with experimental use-cases, trials, and errors. Indian blockchain platform 5ire with career mentorship platform Network Capital have partner by NITI Aayog as co-participants in organising this initiative.

This move backs Finance Minister Nirmala Sitharaman’s statement that while India is sceptical towards cryptocurrencies, the nation is excit to explore its underlaying blockchain tech to its potential.

The NITI Aayog, under its Atal Innovation Mission (AIM), is aiming to promote the culture of entrepreneurship amongst young Indians.

Its Atal Tinkering Labs (ATL) reportedly works with over 10,000 schools across India to give students the exposure to tech trends at early ages.

The blockchain technology provides the backbone infrastructure to Web3 and many of its other elements like cryptocurrency, NFTs, and the metaverse.

Indian web creators are inquisitive about finding out, to what extent can blockchain be utilise in the next upcoming phase of the Internet.

NITI Aayog has call out to all such developers who can benefit from this blockchain initiative.

Mission Director Chintan Vaishnav said in a statement from NITI Aayog :

“Blockchain is playing a crucial role in revolutionising business and redefining economies. It has the potential to unlock tremendous opportunities for the youth and this module will introduce students as young as grade six to the concepts of blockchain, which will help them in solving societal issues through its application. The module covers the basic aspects of blockchain and goes on to its case-based application in various industries,”.

India is project to produce over five million software engineers this year.

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Proper information around these advance technologies is the need of the hour at the time, given that blockchain itself has begun garnering attention from India’s startup as well as government communities.

The Maharashtra government team-up with the Algorand blockchain in December 2022, to store health data permanently and unchangeably as NFTs.

In October 2022, the Firozabad police launch a new complaint forum, built on the Polygon blockchain to ensure consistency in details around the cases that would come under investigation.

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

NITI Aayog in a statement Said :

“It is only usual that a nascent technology introduces new sets of vocabulary. Blockchain is not only a complex innovation but also different from what internet users are used to. This makes the technology a bit challenging to grasp. However, it is not rocket science. As more users develop an interest in blockchain, the technology gradually unravels itself,”.

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