(This is draft version. Please stay tuned, I will l be completing this article soon.)
Globally we are seeing 3 trends emerging in Technology space, viz., Open Source Software, Sharing Economy and Decentralized Decision Making. Blockchain is at the confluence of these three.
Blockchain (Blockchain.info), as their website says, is the world’s leading software platform for digital assets. Offering the largest production blockchain platform in the world, they are using new technology to build a radically better financial system. Our software has powered over 100M transactions and empowered users in 140 countries across the globe to transact quickly and without costly intermediaries. We also offer tools for developers and real time transaction data for users to analyze the burgeoning digital economy.
Adoption of Blockchain
- Challenger disruptions developed outside of the core Fintech markets ecosystem. These can expected in the next 18 to 24 months
- Collaborative efforts to shift the existing value chain to blockchains. While such efforts are already starting, with potentially massive benefits, it is likely to take more than ten years to reach core parts of the system.
- Mandated policy where supervisors direct the industry to introduce new market infrastructure, so that costs are reduced or that operational or systemic risk is lessened
Evolving landsacpe for Blockchain and Digital Tech adoption in India
1. India Demonetization Or Currency Withdrawal
2. Progressive Central Bank in Reserve Bank of India (RBI)
3. Availability of “IndiaStack” – Technology for 1.2 Billion Indians
IndiaStack is a set of APIs that allows governments, businesses, startups and developers to utilise an unique digital Infrastructure to solve India’s hard problems towards presence-less, paperless, and cashless service delivery.
Priority Areas for Blockchain.info in India
1. Marketing and Communications.
Ideas for Product Improvements
1. Integrating with Adhaar for verification
2. Run Community Events and Encourage Innovation
- Roadshows at Incubators and Accelerators
3. Approaching Corporates and Businesses through Partners and Affiliates
4. Evolve the Regulatory landscape
Achieving Blockchain.info vision
Our collective desire to offer financial empowerment is driven by our values. They act as our organization’s North Star.