India: Stakeholders form advocacy group to boost Web 3.0 adoption

Key digital asset influencers have established a name A new lobby group for the Blockchain Forum of India with a vision to make New Delhi a global hub for blockchain and Web 3.0 adoption. The Economic Times reported that the forum was officially launched on August 21 in Hyderabad, Telangana, and was chaired by Jayesh Ranjan, chief secretary of the state’s Ministry of Commerce, Industry and Information Technology. Founding members of the organization include Prasanna Lohar, CEO of Block Stack; Pankaj Diwan, Founder and CEO, Idealabs FutureTech Ventures; Col Inderjit Singh, Chief Cyber ​​Security Officer, Vara Technologies; Sharat Chandra, Block Chain Evangelist; and Srinivas Mahankali, Chief Commercial Officer, Secure Kloud Technologies. To date, the forum has over 40 members and plans to open it up to more stakeholders interested in the digital asset industry. It also seeks to share its members into a Special Interest Group (SIG) that will focus on areas related to blockchain and Web 3.0 adoption, such as central bank digital currencies, metaverse, policy frameworks and non-fungible tokens. The Blockchain Forum of India is also looking to implement a collaborative model to realize its vision. It will work with governments, regulators, industry and academia to provide a robust framework for the proper adoption of blockchain and Web 3.0, and reach out to nurture the community. The advocacy group was formed after the Blockchain and Crypto Assets Council (BACC) lobby group disbanded last month. The Internet and Mobile Association of India (IAMAI), the parent body of the BACC, said at the time that it could not continue to support the work because of the government’s ruthless regulatory stance on digital assets. India urged to focus on blockchain and Web 3.0 adoption Indian block Chain Forum is not the only group that believes that India has the potential to become a blockchain and Web 3.0 hub by adopting the technology. In a recent interview, former finance minister Subhash Chandra Garg implored the government to move beyond hostility towards digital assets by creating a framework focused on the adoption of blockchain technology. Likewise, Dilip Asbe, CEO and Managing Director of the National Payments Corporation of India (NPCI), proposed the creation of a layer 1 (L1) blockchain platform owned by the Indian government, where the country could Many other Web 3.0-based applications are deployed on it. India has the potential to become a global Web 3.0 gaming hub, not just a tech enablement hub, as the country has a manpower with expertise and can spearhead Web 3.0 adoption with the right regulatory environment. WATCH: BSV Global Blockchain Conference Panel Discussion, Web3 and the BSV Blockchain New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners
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