India Launches Blockchain Forum with a Vision to Become a Global Hub for Blockchain by DailyCoin

More than 40 key influencers of the Indian blockchain system have formally launched the Indian Blockchain Forum, Indian media reported. “India Blockchain Forum has been started with a vision to make India a global hub for Blockchain and Web3.0,” according to the forum.

The forum said it intends to create special interest groups in areas such as central bank digital currency (CBDC), Metaverse and policy frameworks for effective blockchain adoption.

The Indian Blockchain Forum was launched by Jayesh Ranjan, Principal Secretary of Industry & Commerce and Information Technology, Government of Telangana.

According to media reports, Ranjan said the Telangana government will soon launch a Web 3.0 regulatory sandbox to allow startups to build solutions around tokenization, NFTs and similar new frontiers.

“This sandbox will help create a meaningful dialogue between all stakeholders, including regulators, startups and policy makers to arrive at a nuanced approach to developing an effective Web 3.0 framework,” he said.

The Indian Blockchain Forum is working on a ten-point agenda

The local media reported that the forum has created a comprehensive ten-point agenda and will serve as a unified platform for – building India’s blockchain stack, policy influence, accelerating startups ecosystem, supporting blockchain technology companies, creating a talent pool, partnering with academia, global collaboration and more.

The founding members, who started the blockchain forum as an informal group of key influencers of the Indian Blockchain ecosystem, include Prasanna Lohar, Chief Executive Officer (CEO), Block Stack; Pankaj Diwan, Founder and CEO, Idealab’s FutureTech Ventures; Col Inderjit Singh, Chief Cyber ​​Security Officer, Vara Technologies; Sharat Chandra, Blockchain Evangelist; and Srinivas Mahankali, Chief Business Officer, Secure Kloud Technologies.

Prasanna Lohar, co-founder and president of India Blockchain forum said, “SucSeed Indovation will provide funding to startups discovered by India blockchain forum and will mentor startups invested by SucSeed innovation.”

On the other side

• India has seen an increase in crypto scams recently. While more policy and regulation around crypto is needed in the country, the Indian Finance Minister has called for caution around crypto investments.

Why you should care

Indian Blockchain Forum is setting up Special Interest Groups (SIGs) in areas like CBDC, Metaverse, Policy framework, etc. for effective blockchain adoption.

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