National Blockchain Strategy Recommendation

Blockchain holds enormous potential to break down barriers that could lead to more efficiency, greater accountability, lower costs and increased remuneration for value creators for India

To reap these benefits, however, the technology will need to be developed responsibly within the right regulatory frameworks.

This should work seamlessly along with other Ecosystems , Regulators & Industries...

1. Aadhaar
2. DigiLocker
3. Smart Cities Mission
4. Government E- Marketplace
5. E-Praman
6. Account Aggregator
7. Payment Systems e.g. UPI , IMPS , AEPS
8. Telecom Companies
9. Centralized KYC

Blockchain technology is unique as it cannot be implemented by just an individual organization but needs an ecosystem with an industry-wide approach. With multiple proofs of concepts being announced.

India should work together as National Task Force to ensure that multiple ecosystems can operate cohesively.

STRETEGY : CREATION OF NATIONAL TASK FORCE

1.  AREA 1 - FUNCTIONAL / DOMAIN SPECIFIC USE CASE REPOSITORY
2. AREA 2 - TECHNOLOGY SPECIFIC RESEARCH . ALIGNMENT EXISTING TECHSTACKs
3.  AREA 3 - INDIA'S OWN PLATFORM
4.  AREA 4 - STANDARDISATION
5. AREA 5 - COMPLIANCE & REGULATORY FRAMEWORKs
6. AREA 6 - ACCELERATOR PROGRAMs
7.  AREA 7 - EDUCATION & ACADEMIA
8.  AREA 8 - CONSORTIUM NETWORKs
9. AREA 9 - SUPPORT FROM CORPORATES , INFRA COMPANIES
10. AREA 10- COMMUNITY BUILDING FOR DEV & MENTORS

  A.     EXECUTION AREAS : ASSOCIATION WITH GOVT. INITIATED OMPANIES FOR RESEARCH & USE CASES

1. NIC
2. NEGD
3. NPCI  ( For Payment Use Cases )
4. IDRBT ( For  Banking Platform & Use Cases )
5. UIDAI (For Digital Identity Use Cases)
6. STQC
7. IEEE
8. IT DEPT
9. REBIT (For Account Aggregator use Cases )
10. 1NSE
11. NASSCOM
12. DSCI
13. IAMAI
14. FICCI

 B.     EXECUTION AREA 1 : FUNCTIONAL / DOMAIN SPECIFIC AREA

  1.      Creation of Use Case Repository e.g. Banking , Healthcare , Government , Petroleum , Digital Identity (200+ Use cases)

a.     Government

b.     Health

c.      Finance

d.     Government

e.     Advertisement & Media

f.       Cross Border Payment

g.     Insurance

h.     Real-Estate

i.       Environment & Agriculture

j.       Supply Chain

k.      Trade Finance

l.       Energy & Renewable Energy

m.   Identity Management

n.     DevOps

o.     Smart City

p.     Telecom

2.   Use Case Validation Framework needed for India ( Ref. Deloitte Use Case Framework )

C.     EXECUTION AREA : TECHNOLOGY / STANDARDS                 

1. To Create India Ledger - India's own Fabric for our use cases
2. Consensus & Protocol Mechanism Standardization
3. Technical Challenges e.g. interoperability , Security  & performance
4.  To oversee Evolution of Fabrics & Frameworks
5.  Track various Fabrics & Platforms
6.  Risk Management Framework ( Ref. KPMG Risk Framework )
7.   Blockchain with other Technologies e.g. Artificial Intelligence , Internet of Things , 5G

D.     EXECUTION AREAS : COMPLIANCE & REGULATORY

1. Creating of Policy around Crypto , Tokenization
2.  Creation of Blockchain Guidelines for Government Use Cases
3. Creation of Sandbox Environment for better governance

E.    EXECUTION AREAS : ACCELERATOR PROGRAM

1.   Execute Manage Hackathon Execution
2. Practice Open Innovation
3. Development of POC , Pilot , MVP , SCALE
4. Talent Identification Programs
5.  BlockTech Graduation Program

• Idealabs https://www.idealabsftv.in/
• Kerala Blockchain Academy - https://kba.ai/

F.      EXECUTION AREAS : EDUCATION & ACADEMIA 

1. Education Curriculum creation
2. Awareness Programs / Meet-Ups
3. Skillset Building Workshops
4. To Support Blockchain Fundamental & Expert level Courses & Certifications
5.   Setup of Cost effective Blockchain Lab
6.  Association with Global Education Programs

• 101BLOCKCHAIN,  https://101blockchains.com/
•  Blockchain Research Institutes, https://www.blockchainresearchinstitute.org/
• Blockchain Technology Alliance https://blockchaintrainingalliance.com/

  G.      EXECUTION AREAS : CONSORTIUM NETWORK

1. Mapping of Blockchain Companies working on Use Cases & Technology Improvements
2.  Repository of MVP Ready use cases
3.  Developer Network
4. Community Building and nurturing

H.     EXECUTION AREAS : ASSOCIATION WITH GLOBAL FABRICS AND FRAMWORK

1.      STELLAR

2.      TEZOS

3.      HYPERLEDGER FABRIC

4.       HYPERLEDGER SAWTOOTH

5.       HEDERA HASHGRAPH

6.       RIPPLE

7.       QUORUM

8.       HYPERLEDGER IROHA

9.       CORDA

10.   EOS

11.   OPENCHAIN

12.   ETHEREUM

13.   DRAGONCHAIN

14.   NEO

I.     EXECUTION AREAS : ASSCOIATION WITH GLOBAL COMMUNITIES & RESEARCH FIRMs

 1.     United Nations https://www.un.org/

2.     Global Blockchain Business Council https://gbbcouncil.org/

3.     The Organization for Economic Co-operation and Development (OECD) - https://www.oecd.org/

4.     THE BLOCKCHAIN ASSOCIATION - https://theblockchainassociation.org/

5.      World Trade Association - https://www.wto.org/

6.      World Economic Forum for Sustainability https://www.weforum.org/

7.      The British Blockchain Association https://britishblockchainassociation.org

J.      EXECUTION AREAS : TECH COMPANIES FOR IMPLEMENTATION OF USE CASES

1.   ACCENTURE,
2. ATOS,
3. BIRLASOFT,
4. CAPGEMINI,
5. CGI,
6. COFORGE,
7. COGNIZANT,
8. DXC,
9. EPAM,
10. HCL,
11. HEXAWARE,
12. IBM,
13. INFOSYS,
14. INNOMINDS,
15. LTI,
16. NTT DATA,
17. TCS,
18. TECH MAHINDRA,
19. UST GLOBAL,
20. VIRTUSA,
21. WIPRO,
22. AND ZENSAR.

K.       EXECUTION AREAS : CREATION OF STARTUPS & USE CASES MAPPING FOR INDIA

 1.    SOFOCLE

2.    SOMISH

3.    CATINA

4.    STEZY

5.    ELEMENTIAL LAB

6.    AURIGRAPH

7.    PAYCIRCLE

8.    KRYPC

9.    CHAINWORKS

10.  SNAPPER FUTURE TECH

11. BLOCKARMOUR

12. SIGNZY

13.  RAPIDQUBE

14.  ZEBICHAIN

15.   IOV42

16.   RUBIQUE

17. BLOCKRIGHT

18.  TREKTICS

19.  SIMPLYFI

20.   XINPIN

#Collaboration is the key to deliver easier-to-use propositions to end-customers. Collaboration is the beginning of a massive change in the way, consumers and businesses deal with Finance , Healthcare and various sectors. Consumer is embracing this unity on a greater and greater scale.

Collaboration will be key in the future ! 

Let's create India’s National Blockchain Strategy !! ??

Note: This is a personal blog. Contents inside this blog are not relevant to my employer.