India Blockchain Forum launched, aims to make India a global hub for Blockchain, Web 3.0

Key influencers operating in the Indian Blockchain industry have formally launched the India Blockchain Forum. The forum envisions a collaborative model with governments, regulators, industry and academia to help build a robust framework to make India a global hub for Blockchain and Web 3.0.

To raise awareness of Blockchain and Web 3.0, the forum plans to “establish community chapters across the country to increase awareness and access to global best practices”. As part of the process, the forum will now open membership to all stakeholders with a mission to create the world’s largest Web 3.0 community, says a press release.

The agenda

The India Blockchain Forum said in the press release that it has created a comprehensive 10-point agenda to begin with. They are:

1. Build an India Blockchain Stack

2. Political influence

3. Accelerating the startup ecosystem

4. Support blockchain technology companies

5. Create a talent pool for sustainable growth of the Blockchain ecosystem

6. Cooperation with academia and research institutions

7. India Blockchain Use Case Repository

8. Keep companies adopting Web 3.0 technologies

9. Take care of community

10. Global cooperation

The statement said the forum has five founding members and more than 40 key influencers, setting up Special Interest Groups (SIGs) in areas such as Central Bank Digital Currency (CBDC), Metaverse, policy framework and others for effective adoption of Blockchain in India.

The five founding members have also contributed to several initiatives related to Blockchain, including the National Blockchain Strategy document released by the Ministry of Electronics and Information Technology in 2021, it said.

The five founders are Prasanna Lohar, CEO, Block Stack; Pankaj Diwan, Founder and CEO, Idealab’s FutureTech Ventures; Col. Inderjit Singh (Retd.), Chief Cyber ​​Security Officer, Vara Technologies; Sharat Chandra, Blockchain Evangelist; and Srinivas Mahankali, Business Manager, Secure Kloud Technologies.

“The current members include experts in policymaking, new frontiers such as non-fungible tokens (NFT), Metaverse and CBDC, cybersecurity, as well as technology architects, global influencers and leaders in enterprise adoption of Blockchain and Web3.0,” the release said.

Jayesh Ranjan, Principal Secretary, Industries & Commerce & Information Technology, Government of Telangana, appreciated the team for creating a platform for effective adoption and growth of the Blockchain ecosystem in India.