Blockchain ecosystem to see rapid growth in India, says Nasscom

Investments in blockchain-based companies and startups have witnessed a massive surge, globally touching over $20 billion, across an array of industries, technologies and use cases.

This was announced by the National Association of Software and Services Companies (NASSCOM) on Tuesday in its India Blockchain Report 2019, which highlights the developments in the global and Indian blockchain market and ecosystem.

According to the report, the Indian public sector has driven blockchain-based projects with nearly half the Indian states involved. Moreover, the state governments are also ensuring a progressive approach is taken up to impart a conducive framework for startups and niche service providers to participate in these initiatives.