The Indian state of Tamil Nadu has announced its plan to create a blockchain technology infrastructure. This is all aimed at facilitating government processes in the region. Tamil Nadu and blockchain Indian Prime Minister Edapaddi K. Palaniswami announced Tamil Nadu's adoption of an ethical blockchain policy. The matter was reported by The New Indian Express. Palaniswami also stated that Tamil Nadu is going to launch its digital identity proofing services project, which according to the politician will revolutionize the way the government serves its citizens. The project will be implemented by setting up and using State Family Database (SFDB) and Blockchain Backbone infrastructure. The blockchain infrastructure functions as the "source of truth" in the system in terms of all government data and processes. It added that by launching the Blockchain Backbone infrastructure, the state also recognizes the need to create a forum to promote collaboration between industry, start-ups and academia to build such a modern ecosystem. The state of Tamil Nadu had also earlier adopted an ethical policy on artificial intelligence, which aims to harness the benefits of this technology while maintaining all safety and ethical compliance with human values. The authorities have also adopted their new cyber security policy. This, in turn, in order to protect the information contained in the network and fight cybercrime. However, it is worth mentioning that the situation of the cryptocurrency market in India is still uncertain. The various authorities - the Supreme Court and the central bank - are arguing over whether exchanges of digital assets should operate freely in the country. Earlier, there were even ideas of punishing people with jail time for using Bitcoin. As you can see, however, officials are making a clear distinction between digital currencies and blockchain in their analysis. Not just India India isn't the only country increasingly opening up to the possibilities of blockchain technology. In an interview with Bloomberg, the governor of the Philippine central bank Bangko Sentral ng Pilipinas (BSP), Benjamin Diokno, said that blockchain digital tokens "increase the reach and lower the cost of financial services" and reduce the use of fiat money. He added that they also improve the way the central bank provides financial services to its citizens. Tags Blockchain India tamil nadu
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