‘Public, BFSI sectors driving blockchain adoption in India’

According to the report, more than 40 blockchain initiatives are currently being executed by public sector companies with 92 per cent projects in pilot phase and 8 per cent in production phase.

Public sector firms across half of the states along with the banking and financial sector are driving blockchain adoption in the country, a report by IT industry body Nasscom said Tuesday.

“The public sector has driven blockchain-based projects with nearly half the Indian states involved to address different elements of citizen service delivery,” Nasscom said in a statement.