A Blockchain Project and will be known as IndiaChain
It Will help in reducing Fraud, speeding up the enforcement of Contracts, increasing the Transparency of Transactions, and Boosting the agricultural economy of the India.
Project will complement the existing project INDIASTACK which is a unified software platform which aims to bring the Indian population into the digital age.
NITI Aayog’s vision this blockchain will play a key role in regulating land records to remove duplication, distributing electricity, and helping achieve trustless KYC regulations
India Government is testing the feasibility of a Blockchain system for the following uses: Land Records, Supply Chain Management, Identity Management, Benefit Distribution, Educational Certificates, Power Distribution, Cross-Border Finance also Government intends to achieve by using a collection of interoperable chains
Unified Payment Interface (UPI)
A Software Application that facilitates the easy and secure transfer of money in real time and features could allow IndiaChain to be used for a range of payment applications for both private companies and the public sector such as