Internet and Mobile Association of India Forms a Blockchain Committee
Trying to advance the development of the blockchain ecosystem in India, the country’s internet industry association has formed a Blockchain committee dedicated to the blockchain technology.
According to The Economic Times report, with the blockchain committee, the Internet and Mobile Association of India (IAMAI) is aiming to engage with the government, the wider industry and startups in the burgeoning sector to develop the ecosystem.
The new committee will be chaired by Tina Singh, digital chief at private lending giant Mahindra Finance.
She told the publication:
“Blockchain is undeniably the technology of the future, slated to bring decentralization and trust and accountability into multiple areas of business. However, in order to be more effective and enter the mainstream, blockchain technology needs the intervention of government bodies, regulatory authorities and corporates.”
The committee includes several prominent executives at major corporate giants from tech and financial sectors such as Microsoft, Mastercard, IBM and HDFC Bank, India’s biggest private bank.
Singh added:
The IAMAI Blockchain Committee will focus on creating dialogue between all stakeholders; curate and create content to aid skill development and move towards creating a participative economy with the usage of blockchain.”