Blockchain technology is still not endorsed in the Indian economy

Despite its rapid growth, development and quick adoption of this decentralized financial technology, it is still not given a complete endorsement from political to business leaders.

From the recent fintech festival which was taken place in Singapore, Indian PM has to relate the word Blockchain as an example of irrelevant financial technology because they have no control over it.

 

Also Ankur Nigam, partner at consultancy firm KPMG says,  we know you like jargon and have hence put it in. We will implement blockchain as soon as we understand what the damn thing means’,”

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