The Internet and Mobile Association of India (IAMAI) is going to form a committee to focus on the development of blockchain. India is growing exponentially in terms of financial technology. Furthermore, the end game of the committee is working with startups and enterprises to focus on job creation, and use blockchain to solve real-world problems.
Just today, a blockchain conference was underway at Le Meridien, New Delhi, India. The conference was of the renowned cryptocurrency exchange BitMax. Furthermore, the support for blockchain based startups is growing despite the Reserve Bank of India (RBI) banning banks to partner with cryptocurrency businesses.
About the Announcement and the Committee
The Internet and Mobile Association of India (IAMAI) is not-for-profit organization. Furthermore, it is registered under the Societies Act, 1896. It aims to support the online and mobile-based sector. It provides a platform to voice support for the corporations it represents while confronting investors, government and businesses.
They made the announcement via their official Twitter handle, quoting an Economic Times report. “IAMAI Forms Committee For #Blockchain. The group will identify opportunities and challenges and work with government, industry, and #startups to develop the ecosystem. https://bit.ly/2yfTzAQ @SecretaryMEITY @FinMinIndia @PMOIndia”
Tina Singh, the Chief Digital Officer at Mahindra Finance will take charge of the committee. With her, Prasanna Lohar, the Head of Innovation and Architecture at DCB Bank Limited will also chair the group.
Speaking about the committee, Tina said. “Blockchain is undeniably the technology of the future, slated to bring decentralization, trust, and accountability into multiple areas of business. However, in order to be more effective and enter the mainstream, blockchain technology needs the intervention of government bodies, regulatory authorities, and corporates. The IAMAI Blockchain Committee will focus on creating a dialogue between all stakeholders; curate and create content to aid skill development and move towards creating a participative.”