NextGen Blockchain Platforms Self-Organize to Win Government Contracts
Washington, D.C., Feb 26, 2021 - (ACN Newswire) - Over the past year, blockchain development communities have turned their attention towards winning government contracts.
There is a huge opportunity presented by increased government spending on blockchain projects. According to Bloomberg Government BGOV200 Report, federal government spending reached $597 Billion in 2019. However, since new businesses face barriers gaining direct access to government contracts, many have joined the Government Blockchain Association (GBA) to introduce their cutting-edge blockchain platforms to the public sector.
Traditionally government program managers choose to work with the same few legacy companies. For example, there are currently over 4.1 million US Federal government contractors but of the $597 billion in prime contracts awarded in FY19, the top 10 government contractors received $173.4 billion according to Bloomberg Gov
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ETtech Morning Dispatch on Feb 24, 2021: Grofers is getting SPACed, Amazon readies NPCI rival
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Good morning,
It seems SPACs are everywhere these days. Grofers, the online grocery startup, is looking at going public in the US by merging with a blank-check company aka a SPAC floated by Cantor Fitzgerald, an investment bank and financial services company headquartered in New York. In other news, NPCI and by extension, UPI could soon see competition from the likes of
Amazon and Visa. India’s
Hi, it’s Samidha.
An Indian founder told me recently that his company was “SPACable” yes, that’s an adjective now! It basically means that the startup is ready to take a plunge into SPACland.
Industry bodies push back against MeitY’s new blockchain roadmap
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Industry bodies said they want minimal interference from the government at this stage of the blockchain industry given that is a movement towards a more decentralised system.
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Mumbai: India’s fledgling blockchain technocrats are dismayed with the roadmap announced by the Ministry of Electronics and Information Technology (Meity) in its draft national strategy on blockchain released last month. Industry bodies said they want minimal interference from the government at this stage of the blockchain industry given that is a movement towards a more decentralised system.
February 18, 2021
Two industry groups representing the domestic Blockchain industry said that the government’s intention to create a national framework for the technology may have the opposite effects, in terms of encouraging innovation and decentralisation. In its response to the National Strategy for Blockchain, published by the Ministry of Electronics and Information Technology a few weeks ago, the Government Blockchain Association and Global Impact Fintech Foundation said government participation may be too early.
In its report, MEITY recommended that the government create a National Level Blockchain Framework (NLBF) to encourage the adoption of blockchain technology across a variety of public use-cases, and that various public projects should be brought on to a blockchain platform. It also said that the create a legal and regulatory framework for the adoption of blockchain technology in various public and private areas. However, a national policy and national agency for bloc