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April 18, 2019
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Blockchain

Transformative Impact of Digital India|Blockchain Technology| Artificial Intelligence|AR

The story of India’s Digital journey has been one of transformation and inclusion. The Digital India Programme was launched by the Government in 2015 with the aim to develop India into a knowledge economy and a digitally empowered society.

Blockchain Technology has been intrinsic in this transformative evolution by enhancing transparency, inclusion, productivity and efficiency.

The initiatives under Digital India, coupled with evolving Blockchain technology, have led India to become a land of vast possibly, where hope and talent meet opportunities digitally. India is among the top countries of the world that have effectively utilised Blockchain Technology and innovation to transform the governance outlook from government-centric to citizen-centric, where e-services are targeted towards creation of an environment of empowering citizens through participative governance, and engaging them in decision-making and formulation of government policies, programmes, regulations, etc.

The remarkable increase in digital adoption in evident in the improvement in India’s position in United Nation’s E-Government Index 2018 that highlights that India’s relative capabilities of utilising ICT for governance has improved relatively faster that the entire Asia region.

There have been significant improvements in UN-Online Service Index; Where India has scored 0.95 in 2018. The robust citizen engagement platform, ‘MYGov’, in true spirit of participative democracy, has been developed and implemented.

India is in a sharply accelerating “Lift-off” phase of its digital journey. Having built a strong foundation of digital , Blockchain Technology infrastructure and expanded digital access, India is now poised for the next phase of growth-the creation of tremendous economic value and the empowerment of millions of Indians as new digital applications permeate sector after sector.

The citizens of the country have been given a Digital Identity through Aadhaar and more than 122 Crore residents have already been covered. They have been given a government issued ID card which can be authenticated anytime anywhere. This has been a source of relief to the economically poor segment of the society while accessing services across national geography.

Aadhaar has been seeded with several database like liquid petroleum Gas(LPG), public Distribution system(PDS), National Assistance Programme (NSAP)etc. to enable correct identification of the beneficiary and ensure that the benefits reach the beneficiary promptly and directly. Thereby, Aadhaar has direct value in creation of digital infrastructure through which social and financial inclusion is ensured.

India has moved up the ladder of digital adoption with the Multifood growth in digital payment transaction. It has risen from 335 Crore transaction in 2014-15 to 2070.98 Crore transactions in 2017-18 and is growing day by day.

The advantage of Digital Payments is being well exploited through Direct Benefit Transfer (DBT) which has reassured the commitment of the Government towards the welfare of the people. Now, DBT is using the digital payment technology to transfer the benefits/subsidies directly to the accounts of people. The transfer is instantaneous and the correct amount reaches the beneficiaries. So far, Rs.5.06lakh crore direct benefit transfers have taken place and this has led to the savings of around Rs.90,000 crore. Around 434 schemes are covered under DBT.

Information Technology (IT) is not just a vertical anymore and is now part of every domain. The new and emerging technologies are significantly disrupting and changing the processes in critical sectors like Agriculture, Education, Health etc.

Deployment of these technologies has a potential to create immense value and change the dynamics and delivery models for these sectors. With the proliferation of emerging technologies in mind, 20 Centres of Excellence(CoEs) are being planned in the ares of Fintech, IoT in Agriculture, Virtual reality, Artificial Intelligence, AR,  Blockchain,  Medical Technology, Electronics products, Nano-electronics etc. This will provide an apt platform for research and innovation boosting the growth of startups.

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