India Collaborates with Canadian Blockchain Institute for Rise in Digital Economy

To help boost the digital economy of the world’s second most densely-populated nation, they have recruited the help of the Blockchain Research Institute (BRI) to work with one of the nation’s leaders in the tech industry.
India’s information technology trade organization, the National Association of Software and Services Companies (NASSCOM) will collaborate with the BRI, backed up by the Canadian Government to help developers learn more about blockchain platforms in preparation for manufacture and release of tools within the country.
Both parties signed a memorandum of understanding (MoU) which serves as the foundation of a financial and research partnership. According to reports, each of the organizations will invest in webinars and other types of seminars wherein the BRI can share their knowledge through case studies with Indian Government departments and other entities.
The aforementioned MoU states that the research will be divided into two parts: first, is “the awakening in India, showcase the power of blockchain which can be done by looking at incentives/discounts to organizations who do this.” Second would be to build  a blockchain institute in India, which will be specifically aimed at helping nurture the digital ecosystem in the state of Telengana.
CNN reports that this center would “provide high-end technology capabilities” to the state and as part of BRI’s goal to “build blockchain-based economies around the world.”
The bigger picture of this project is that these actions would strengthen India’s goal of putting electronic health records, land records and digital certificates on a blockchain, as stated by Amitabh Kant, CEO of the National Institution for Transforming India.

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