India may soon reap the benefits of Blockchain Technology


The world of digitization has seismically affected Indian society. Politicians and other tech-savvy professionals have recognized the revolutionary technology of the blockchain and the benefits of this decentralized process that can be useful in the financial sector.

Recently, at the World Congress on Information Technology (WCIT) 2018, the Indian Prime Minister, Shri Narendra Modi, stated “Disruptive technologies such as Blockchain and the IoT (Internet of Things), will have a profound impact in the way we live and work. They will require rapid adaptation in our workplaces.”



Shri Narendra Modi is one of the very first Prime Ministers in India to initiate and encourage digitalization in the country. The Blockchain Technology will fasten the inclusive growth of India. Recently, the researchers revealed that India’s central bank has already beheld the blockchain technology for a number of financial processes in late 2017. Security and Exchange Board of India (SEBI) founded a committee to explore the Blockchain technology solution last year and Andhra Pradesh government developing applications to adapt Blockchain Technology in the field of land registry and citizen data storage.

It is worthwhile that a recently launched cryptocurrency Money Trade Coin is providing a significant platform for digital transactions, thereby, enhancing the need for Digital India. The Money Trade Coin group provides an opportunity to the customers to access the blockchain technology; it has introduced a new crypto-wallet named MTCX India to make digital transactions easy, secure and safe.  This process is conducted on a peer-to-peer ledger. MTCX India is encrypted with certain unique algorithms, providing easy and hassle-free transactions.

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