Blockchain Technology Boom In Indian market Blockchain technology is expanding in all the sectors and doesn’t remain limited to cryptocurrency. All the leading sectors have already started working on the implementation of the technology in their respective areas to utilize it in the best possible way. In a recent update, it is revealed that Global FinTech Blockchain market is about to expand at CAGR of 75%. The figures were revealed by a report shared by NBC about the future growth prospects of the encryption based technology. According to The Hand India, it is stated that there is a significant rise in the adoption of blockchain technology, identity management, smart contracts, transaction methods, settlements and a new breed of programmable platforms. GITAM FinTech Academy Coordinator Leben Johnson mentioned that India is not lagging behind in the field of the modernization and upgradation. The latest partnership between Unified Payments Interface (UPI) and WhatsApp is going to embark on a new journey now. UPI is a synchronized mobile-to-mobile payment system developed for instant money transfer. It was developed by National Payments Corporation of India while WhatsApp the simplest mode of communication these days. The collaboration between the two is going to create a revolutionary landmark in the field of communication. Indian Blockchain Projects There is a blockchain based project going for the Andhra Pradesh government. The project has been set up in Vizag in partnership with Monetary Authority of Singapore. it has attracted several other investors which includes Fidelity Financial Services, Paytm and Conduent to name a few. There is said to be a new project setting up in the Indian automobile sector. It is going to implement effective payment methods and efficient transactions in a secure network. Along with this, there are already some improvisations done in the real estate sector for organizing land records and their easy accessibility. The government is promoting digitalization and blockchain is indeed the next big leap. The post Blockchain Technology Boom In Indian market appeared first on OWLT Market.

Blockchain technology is expanding in all the sectors and doesn’t remain limited to cryptocurrency. All the leading sectors have already started working on the implementation of the technology in their respective areas to utilize it in the best possible way. In a recent update, it is revealed that Global FinTech Blockchain market is about to expand at CAGR of 75%. The figures were revealed by a report shared by NBC about the future growth prospects of the encryption based technology.

According to The Hand India, it is stated that there is a significant rise in the adoption of blockchain technology, identity management, smart contracts, transaction methods, settlements and a new breed of programmable platforms. GITAM FinTech Academy Coordinator Leben Johnson mentioned that India is not lagging behind in the field of the modernization and upgradation.

The latest partnership between Unified Payments Interface (UPI) and WhatsApp is going to embark on a new journey now. UPI is a synchronized mobile-to-mobile payment system developed for instant money transfer. It was developed by National Payments Corporation of India while WhatsApp the simplest mode of communication these days. The collaboration between the two is going to create a revolutionary landmark in the field of communication.

Indian Blockchain Projects

There is a blockchain based project going for the Andhra Pradesh government. The project has been set up in Vizag in partnership with Monetary Authority of Singapore. it has attracted several other investors which includes Fidelity Financial Services, Paytm and Conduent to name a few.

There is said to be a new project setting up in the Indian automobile sector. It is going to implement effective payment methods and efficient transactions in a secure network. Along with this, there are already some improvisations done in the real estate sector for organizing land records and their easy accessibility. The government is promoting digitalization and blockchain is indeed the next big leap.

The post Blockchain Technology Boom In Indian market appeared first on OWLT Market.

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