• The Indian Government’s apex public policy think tank, NITI Aayog, has launched a blockchain module in partnership with crypto-focused 5ire and Network Capital.
• The project is under the aegis of NITI Aayog’s Atal Innovation Mission, which has Atal Tinkering Labs in more than 10,000 schools in India.
• International Fund for Agricultural Development Director Advit Nath joins CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De for a conversation about using blockchain to reduce poverty and hunger in developing parts of the world.
The Indian Government’s apex public policy think tank, NITI Aayog, has partnered with crypto-focused 5ire and Network Capital to launch a blockchain module. The project is under the aegis of NITI Aayog’s Atal Innovation Mission (AIM), which has Atal Tinkering Labs (ATL) in more than 10,000 schools in India. The purpose of AIM is to create and promote a culture of innovation and entrepreneurship.
The launch of the blockchain module was announced on Monday and it was accompanied by an online launch event. Dr. Arvind Panagariya, Vice Chairman of NITI Aayog, said it was a major milestone for the government’s mission to promote the use of blockchain technology for the benefit of Indian citizens. He added that the project would provide an opportunity to explore the potential of blockchain technology to create innovative solutions and products.
5ire said in July it raised $100 million in Series A funding from U.K.-based conglomerate Sram and Mram. The firm specializes in blockchain-based products and services such as enterprise applications, digital payments and digital asset management. Network Capital, on the other hand, is a mentorship and career exploration platform.
In addition to the launch of the blockchain module, International Fund for Agricultural Development Director Advit Nath joined CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De for a discussion about using blockchain to reduce poverty and hunger in developing parts of the world. The discussion focused on how blockchain technology can be used for social good and how it can help create sustainable solutions for people in developing countries.
The blockchain module is part of NITI Aayog’s efforts to promote the use of technology for the benefit of the people. The launch of the blockchain module is expected to create a platform for innovation and allow the government to explore the potential of blockchain technology to create innovative solutions and products. It is also expected to help create a more efficient and secure financial system in India.
Overall, the launch of the blockchain module is a major milestone for the government’s mission to promote the use of blockchain technology for the benefit of Indian citizens. 5ire and Network Capital will provide the necessary support and mentorship to help the government make the most out of the platform. The discussion with International Fund for Agricultural Development Director Advit Nath will further help the government to explore the potential of blockchain technology to create sustainable solutions for people in developing countries.
