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NDMC to introduce blockchain for managing birth-death database


2 hours ago
The New Delhi Municipal Corporation (NDMC) is planning to create a blockchain-based infrastructure for its record management system (RMS) and will subsequently to migrate its existing birth-death certificate and property tax database to this infrastructure.
The National Capital Territory of Delhi (NCT) comprises three local bodies Municipa Corporation of Delhi, NDMC and Cantonment Board. While MCD comprises approximately 96 per cent of the area and population of Delhi, the NDMC consists of only 3 per cent of the population.
NDMC area comprises of the area that is regarded as the seat of central authority in India. It comprises buildings such as Rashtrapati Bhawan, Parliament House. The Indian government owns about 80% of the buildings in the NDMC area. ....

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Blockchain: Good, bad and ugly - The Hindu BusinessLine


Blockchain: Good, bad and ugly
The technology promises transparency in multi-stakeholder business set-ups. What can go wrong?
In January 2021, the Ministry of Electronics and Information Technology (MeitY), Government of India, published a draft of the National Strategy on Blockchain, which mentions 17 different uses of national importance for blockchain technology. It is interesting to see that slowly, but steadily, the Government is focusing on the business value of this simple yet powerful technology, which has been much discussed over the last few years.
Blockchain is not a new concept; the idea of using hash chains to secure pieces of data, or the concept of cryptographically secured distributed consensus has been around for some decades. However, Bitcoin, the widely debated cryptocurrency, was responsible for popularising blockchain by demonstrating its power in a decentralised set-up. Later, enterprises began finding various exciting business uses for this tech ....

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Fintech lobby groups ask govt to allow blockchain ecosystem grow organically


Fintech industry bodies ask govt to allow blockchain ecosystem to grow organically
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Last Updated: Feb 18, 2021, 09:04 AM IST
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Synopsis
The government has been in favour of using blockchain as a technology but has been against cryptocurrency, which is the tokenization of the same technology.
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The industry sees the government both as an enabler and a customer for blockchain technology and expects sustained support for the development of the ecosystem in India.
NEW DELHI: The Indian government should resist creating a framework to regulate blockchain for a while, said Global Impact FinTech, a grouping for 200 fintech entrepreneurs, and the Government Blockchain Association, another lobby group. ....

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