IT and services industry body Nasscon has reportedly started a Special Interest Group (SIG) for Blockchain in the National Capital Region.The SIG
IT and services industry body Nasscon has reportedly started a Special Interest Group (SIG) for Blockchain in the National Capital Region.
The SIG is powered by BlockSmiths, a Delhi NCR based company that assists bussinesses in leveraging the Blockchain tech, and Quatrro, a global fintech service provider, as The Economic Times (economictimes.indiatimes.com) reported.
Recently, the Blockchain SIG had its first meeting with representatives from more than 10 member organizations, including Axis Bank, Nagarro, Deloitte, Nokia. Genpact and NIIT.
“We see our partnership to form a SIG with NASSCOM as a wonderful opportunity to develop the Blockchain community in India. “, according to Harmeet Singh Monga, Chief Business Officer at BlockSmiths and Blockchain SIG Founding Member.
“We strongly believe that India has the potential to lead the Blockchain revolution in the South East Asian region and help businesses from various industries become highly streamlined and efficient by adopting Blockchain.”, as he elaborated in a statement.
The recent gathereing of Blockchain SIG focused on four main areas of interest:
- Blockchain for Fintech
- Blockchain for Internet of Things (IoT)
- Smart Contracts and its Applications
- General Blockchain Applications
“NASSCOM has taken the initiative of forming the Special Interest Groups (SIGs) in Blockchain primarily to evangelize Blockchain Technology, bring together interested member companies in Blockchain space and to encourage various startups to adopt this technology and incubate businesses. Our partnership with BlockSmiths is a good match and provides required expertise. We are keen to work with them and NASSCOM to bring this technology to the fore in not only India but also other regions around globe.”, said Rajesh Dhuddu, Senior Vice President, Quatrro, NASSCOM Blockchain SIG Chair in their press release.
Blockchain technology holds the promise of future applications beyond cryptocurrencies. It is to be seen whether the tech will be successfully implemented in other industy sectors.