Chief Minister Edapaddi K Palaniswami confirmed the news during the 19th edition of Connect 2020, a tech forum in the country.
According to Palaniswami, the state also plans to introduce a Knowledge Proof Identity-based service delivery.
Tamil Nadu is quickly shaping itself up as one of the most technologically advanced states in the country in a bid to bring innovation across the board.
According to state officials, launching the so-called Blockchain Backbone will enable start-ups to collaborate and drive higher technological and economical dividends for the state and country, building a sustainable ecosystem.
The Chief Executive Officer of the Tamil Nadu e-Governance Agency (TNeGA), Santosh Mishra, agreed that launching these policies is a landmark moment for the state and that it would have a transformative effect on Tamil Nadu.
Innovation comes on all levels in India, a country which is trying to jump the technological gap by landing directly into the future where blockchain will play a big role.
The country’s push for blockchain can introduce adoption of other segments, such as blockchain gaming.
Portals such as Bitcasino, 1xBit and FortuneJack already offer cutting-edge crypto casino solutions. While, crypto ads are already running on Disney+ for India.
Despite rumours that there may be some crypto bans, the adoption of blockchain and crypto technology has been too quick to defy.
Regulatory wrinkles aside, India beckons with its blockchain and crypto potential.
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