Making an advancement towards developing native blockchain ecosystem in India, the influential internet industry association of the country has formed a committee dedicated to the decentralize technology.
The Internet and Mobile Association of India (IAMA) is working towards engaging with the government, the wider industry and startups in the sector of burgeoning to develop the ecosystem through this committee, reported local media outlet the Economic Times (ET) report.
The main focus of the team is to work towards creating jobs through this new emerging technology in the country, added the report. The committee will be chaired by Tina Singh, digital chief at Mahindra Finance.
Speaking with ET she said, “blockchain is undeniably the technology of the future, slated to bring decentralization and 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 committee also includes some influential executives from various pan Indian companies. It includes Microsoft, Mastercard, IBM and HDFC Bank.
Amazingly, the committee also includes Sandeep Goenka, founder of Zebpay, one of India’s major crypto exchange, which recently shifted to Malta after suspending its tradings in India due to the controversial ban of crypto-related business in the country.
Singh also further added on the report that “the IAMAI Blockchain Committee will focus on creating dialogue between all stakeholders; curate and create content to aid skill development and move towards creating a participative economy with the usage of the blockchain.”