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Wednesday, February 15, 2023
HomeBlockchainSitharaman commends blockchain tech, guarantees to facilitate progress of sector

Sitharaman commends blockchain tech, guarantees to facilitate progress of sector


Union Finance Minister Nirmala Sitharaman recommended blockchain expertise whereas talking at Stanford University on Wednesday and in addition mentioned that the federal government is working in the direction of facilitating the sector’s progress. 

The Minister acknowledged that blockchain expertise has potential past the funds area in a number of different sectors. She additional added that the federal government doesn’t intend to harm this sector however to outline their want within the system 

Sitharaman mentioned, “Blockchain technology is full of potential, not just in payment arena but also in many others. Our intention is in no way to hurt these, but to define how we need them & in what ways their growth should be facilitated.” 

Sitharaman was talking at a Fire Side Chat organised by the Stanford University and Stanford Medicine. The minister was accompanied by Taranjit Singh Sandhu, Indian ambassador to the US and Ananth Nagesvaran, Chief Econimc Advisor. The session was attended by college students of the reputed college. 

The most distinguished use case of blockchain tech is as a ledger for cryptocurrency transactions nevertheless it additionally makes use of provide chain administration, actual property information, digital identification, and so forth. 


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