India must revolutionize its digital media industry with blockchain
There won’t be a better chance for India to unlock the full potential of blockchain tech in the digital media industry. India has more than 65% of ut population below the age of 35, with the average age nationwide being 29 years old. Additionally, out of India’s 1.3 billion people, only half currently use mobile phones, and less than half of this number are smartphones.Even though India is one of the world’s most populated countries, internet usage remains at 41%, with 700 million Indians currently connected to the internet. This leaves incredible room for growth in India, which lags....
Related News
Most of the world’s largest banks and financial institutions have already allocated billions of dollars to the development of Blockchain technology. The question remains, will Blockchain technology revolutionize the finance and legal industries in the same way the Internet changed the media industry, once and for all? Blockchain in finance. The applicability of Blockchain technology in the finance industry is completely different to that of the legal industry. Corporations or service providers within the finance industry are required to deal with millions of data sets on a daily basis,....
Technology giant IBM has announced a partnership with Indian conglomerate and multinational Mahindra to develop blockchain solutions to revolutionize supply chain finance in the country. The two companies aim to develop a cloud-based solution that is a notable departure from existing traditional banking protocols in India, to enable trade finance transactions from suppliers-to-manufacturers through a permissioned blockchain. Market observers and researchers of blockchain applications in the financial industry frequently tout trade finance as a sector primed for blockchain disruption. If....
India has expanded their draconian internet copyright and media enforcement policies from DNS filtering banned IPs, to enforcing those bans with up to 3 years jail time and up to a $4500 USD fine for attempting to visit a blocked site. Said enforcement is facilitated with assistance from Indian ISPs India Lets John Doe Go Too Far. Many sites are blocked in India at the request of the Bollywood media industry and other legal entities. They do so via a legal avenue known as a ‘John Doe order:’ an injunction that recommends action as a prophylactic against the possibility of a crime taking....
India’s prime minister, Narendra Modi, says an Indian central bank digital currency will strengthen the digital economy. The digital rupee will also revolutionize the fintech sector by creating new opportunities and lessening the burden of handling, printing, and the logistics of cash management, the prime minister reportedly explained. India’s Prime Minister Modi Sees Benefits of Digital Rupee Indian Prime Minister Narendra Modi reportedly highlighted the potential benefits of India’s central bank digital currency (CBDC), the digital rupee, on Wednesday while....
A number of Indian Bitcoin companies have come together to form the Digital Asset and Blockchain Foundation of India (DABFI). Bitcoin has been remarkably gaining ground in India after the botched up demonetization carried out by the Indian government in November 2016. According to the Times of India, Nishith Desai Associates, an international law firm has been hired to develop “self-regulations” for the industry. No clear regulatory framework in place. The new for self-regulation for the industry arises primarily because there is still no clarity on the legal status of Bitcoin in India. As....