The Indian government is preparing a national strategy for the blockchain, which is designed to promote the widespread adoption of technology, reports The Economic Times.

Sanjay Dhotre, minister of state for electronics and IT said that “Blockchain Technology as one of the important research areas having application potential in different domains such as Governance, Banking and Finance, Cyber Security and so on.”

According to him, the ministry has already developed a blockchain structure in a joint project with a number of institutions. Dhotre added that the Generic Blockchain-based Proof-of Existence (PoE) framework is developed to enable PoE for digital artifacts, used to check the integrity of academic certificates, sale deed documents, MoU, etc.

“By using PoE framework, a solution is developed to authenticate academic certificates. Blockchain technology has also been used and PoC is developed for vehicle life cycle management and hotel registry management PoC.”

We recall that the Indian government is considering a bill banning all cryptocurrencies. The Reserve Bank of India in April last year banned the provision of services to individuals and companies using digital assets.

A similar policy is followed by China. The head of the country called for accelerating the implementation of the blockchain, but the authorities intensified the fight against cryptocurrency trading