- The Generic Blockchain-based Proof-of Existence (PoE) framework is developed to enable PoE for digital artifacts
- PoC is developed for vehicle life cycle management and hotel registry management PoC
According to a report by ET, the government is preparing a strategy for national-level use of Blockchain technology with an aim to scale up and widely deploy the new age technology. The ministry of electronics and information technology (MeitY) said that “Considering the potential of Blockchain Technology and the need for shared infrastructure for different use cases, an approach paper on National Level Blockchain Framework is being prepared.”
Sanjay Dhotre, minister of state for electronics and IT informed 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.”
Why is it developed?
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.
He noted that by using the 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.”
MeitY has supported a multi-institutional project titled Distributed Centre of Excellence in Blockchain Technology with The Centre for Development of Advanced Computing (C-DAC), The Institute for Development & Research in Banking Technology (IDRBT) and others as executing agencies, reported ET.