Blockchain and IPv6 will take India back to global dominance, Latif Ladid tells CoinGeek Backstage
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For over a dozen centuries, India was the world’s largest economy and was estimated to have accounted for over a third of the global economy. Although it may have fallen behind, Latif Ladid believes that with its technical talent and the use of IPv6 and blockchain, India can regain its place at the top of the global economy.
Ladid was at the Enterprise Utility Blockchain Summit (EUBS) in Bangalore, India’s technology hub, where he delivered a keynote address alongside nChain Chief Scientist Dr. Craig Wright. Speaking with CoinGeek Backstage host Claire Celdran on the sidelines of the event, the IPv6 pioneer and 5G World Alliance chair broke down how India can leverage new technologies to become a global power again.
India was once famous for its spices, and it exported its rich and sophisticated food culture to Europe, Africa and the Americas. It has since gone on to become a technology powerhouse and is home to one of the largest developer communities in the world.
Latif, who is also the IPv6 Forum President, noted that blockchain is undoubtedly the killer application for IPv6. Combined, the two will transform all other industries, and India is in a prime position to lead this revolution. The country already has a healthy lead in terms of IPv6 adoption ahead of China and the US.
“With India’s talent in software engineering, they will be able to create many applications based on blockchain for all kinds of industries,” Ladid told CoinGeek Backstage.
“I expect that in the next five years, India will be the largest blockchain nation,” he added.
Ladid believes that a critical component of India’s progress as a bloc nation is education. This includes working with local universities to equip students with the skills they need to build further on the blockchain. Ladid pointed out that the BSV Academy courses and IPv6 Forum training courses are a great place to start for any Indian interested in blockchain and IPv6 respectively.
Ladid expects India to maintain its healthy lead in IPv6 adoption, led by the country’s largest telecom network Jio, which has introduced IPv6 to 250 million users. This, Ladid noted, is the largest Internet provider in the world ahead of China Telecoms, with about 160 million users.
Watch: Latif Ladid’s keynote: IPv6-based 5G/6g, IoT and Blockchain at the BSV Global Blockchain Convention
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