As most people have come to realise, the race for blockchain is more of a marathon than a sprint. We’re still very much in the formative phase and laying the foundations for what’s to come. However, this nascent technology will have implications throughout the world, especially in developing countries. Blockchain in India could accomplish so much, from accelerating financial inclusion to eradicating corruption.

It’s almost impossible to underestimate the potential of blockchain in India. With some three-quarters of a million people living below the poverty line globally, India has the third-highest number of them. No other technology has had the power to really make an impact until now. However, blockchain in India could facilitate microlending and microtransactions, opening up a world of opportunity. In a country that’s particularly reliant on its agricultural industry, small producers are often given a raw deal (or cut out of the deal completely).

To find out more about the role of blockchain, read this article. 

 

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