As transparency, and thus complete audit of transactions, is the foundation of blockchain, it can be assumed that whatever blockchain declares regarding the transaction may be deemed accurate. This, however, may not hold true from a legal or regulatory point of view.
India needs to examine all aspects of the technology before it joins the bandwagon. American Internet pioneer Vincent Cerf correctly cautions: “Blockchain technology is supposed to be the aspirin of the computing world. Please do not believe it. It is not true.”
Amongst a host of recommendations concerning aspects of privacy and consent definitions, the report of the Justice Srikrishna Committee (JSKC) appears to be generating considerable debate and views around its Clause 40 on data ownership.
The government’s priorities in implementing the National Policy on Biofuel were to find a solution to air pollution, maintain affordable transportation fuel prices, promote clean and sustainable fuels, move towards energy self-sufficiency, and reduce dependence on crude oil imports. Unfortunately, precious little has been done so far.
In a recent discussion paper, NITI Aayog has chalked out an ambitious strategy for India to become an artificial intelligence (AI) powerhouse.
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