<img src="https://academy-public.coinmarketcap.com/optimized-uploads/55ca7c70b69d42e5ba112eeee18f43f4.jpeg" /><a href="https://reports.tiger-research.com/p/india-blockchain-revolution-unveiling-kor" rel="noopener noreferrer nofollow">&#x1f1f0;&#x1f1f7; 한국어로 읽기 →</a><h2 id="header-0">TL;DR</h2><ul><li>India’s National Blockchain Framework (NBF): Launched by MeitY in 2024, the NBF utilizes permissioned blockchains to enhance security, transparency, and trust in government services.</li></ul><ul><li>Key Tools and Platforms: The NBF includes the Vishvasya Blockchain Technology Stack for permissioned blockchain applications, Praamaanik for mobile app authenticity verification, and NBFLite for startups and academic innovation. These tools foster collaboration across public and private sectors to drive blockchain adoption.</li></ul><ul><li>Real-World Applications and Future Potential: Blockchain is being used in sectors like land registries, healthcare, and supply chain management by offering secure, tamper-proof systems. The NBF’s initiatives provide businesses and startups a chance to align with government priorities and scale innovative blockchain solutions in India.</li></ul>Dive deep into Asia&#39;s Web3 market with Tiger Research. Be among the 3,000&#43; pioneers who receive exclusive market insights. [<a href="https://reports.tiger-research.com/p/india-blockchain-revolution-unveiling-eng" rel="noopener noreferrer nofollow">link</a>]<h2 id="header-1">1. India’s National Blockchain Vision</h2>India&#39;s digital transformation is accelerating with the <a href="https://static.pib.gov.in/WriteReadData/specificdocs/documents/2024/sep/doc202494387501.pdf" rel="noopener noreferrer nofollow">National Blockchain Framework</a> (NBF) launched by the Ministry of Electronics and Information Technology (MeitY) on September 4, 2024. This framework demonstrates India’s growing commitment to adopting blockchain technology for securing citizen-centric services in a decentralized manner.Unlike public blockchains like Bitcoin or Ethereum, the NBF uses permissioned blockchains. In this model, only authorized participants validate transactions. This model is particularly suited for government services that require enhanced privacy and control. By emphasizing security, transparency, and trust, the NBF fosters an environment that facilitates collaboration between businesses on blockchain-based solutions tailored to the public sector. Additionally, this shift encourages industry innovation, positioning India to strengthen its global standing as a leader in blockchain technology.<h2 id="header-2">2. The National Blockchain Framework: Building the Foundation</h2>The National Blockchain Framework (NBF) is the result of extensive collaboration between government bodies and academic institutions, including the <a href="https://www.cdac.in/" rel="noopener noreferrer nofollow">Centre for Development of Advanced Computing</a> (C-DAC), <a href="https://www.iith.ac.in/" rel="noopener noreferrer nofollow">IIT Hyderabad</a>, and <a href="https://www.iiit.ac.in/" rel="noopener noreferrer nofollow">IIIT Hyderabad</a>. This partnership has led to significant research outputs such as patents, publications, and pilot projects.The framework is powered by the Vishvasya Blockchain Technology Stack, an innovative Blockchain-as-a-Service (BaaS) platform designed to support blockchain adoption at scale. Hosted on distributed infrastructure across Bhubaneswar, Pune, and Hyderabad, Vishvasya ensures the security and accessibility of blockchain applications.<h3 id="strong-2-1-vishvasya-blockchain-technology-stack-strong">2.1. Vishvasya Blockchain Technology Stack</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/809e80b0423740c182c3fe68a15ae1dc.jpeg" />Summary of the Vishvasya Tech Stack. Source: Tiger ResearchThe Vishvasya stack provides a robust framework for permissioned blockchain applications. Its BaaS model reduces the need for organizations to develop their own blockchain infrastructure. This offers seamless integration for a variety of stakeholders, including:<ul><li>Infrastructure Providers: They can easily set up single or multi-node blockchain networks using the platform’s Blockchain Network Setup Wizard.</li></ul><ul><li>Smart Contract Developers: The stack includes a Smart Contract Studio with pre-populated templates and design patterns, enabling developers to create and deploy smart contracts quickly.</li></ul><ul><li>Application Developers: The stack features Generic REST APIs. It allows developers to easily integrate blockchain into mobile apps, web apps, and IoT devices.</li></ul><h3 id="strong-2-2-features-of-vishvasya-baas-strong">2.2. Features of Vishvasya BaaS</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/f53cc3403b764f7098b4422d5e2eb91f.jpeg" />Current features offered by Vishvasya Baas. Source: Tiger ResearchSome notable features of Vishvasya BaaS are:<ul><li>End-to-End Blockchain Application Development: A rapid, permissioned solution for developing blockchain applications with a strong focus on transparency, privacy, and security.</li></ul><ul><li>Audited Blockchain Containers: Ready-to-use, security-audited blockchain setups for production environments.</li></ul><ul><li>Distributed Infrastructure: Hosted across three geographically distributed data centers, ensuring resilience and high availability.</li></ul><ul><li>NBFLite Platform: A lightweight blockchain platform designed for rapid prototyping, research, and capacity-building among startups and academic institutions.</li></ul><h3 id="strong-2-3-key-tools-and-platforms-of-nbf-strong">2.3. Key Tools and Platforms of NBF</h3>The NBF introduces several tools and platforms designed to encourage innovation, ensure security, and facilitate seamless service delivery:<ul><li>NBFLite: A sandbox platform that enables startups and academia to bring about innovation in blockchain development. It allows for rapid prototyping without significant infrastructure costs. This is helpful for rapid ideation and testing across sectors like finance and public services.</li></ul><img src="https://academy-public.coinmarketcap.com/optimized-uploads/33fc36f0dbc64472ae51ea9da29b87ed.jpeg" />Key benefits of Praamaanik. Source: Tiger Research<ul><li>Praamaanik: A critical solution developed under the NBF, Praamaanik is designed to verify the authenticity of mobile applications. This blockchain-based system registers app ownership and details on the blockchain, allowing end-users and developers to verify app origins and avoid counterfeit versions. Praamaanik’s blockchain verification can especially benefit critical sectors like finance, government, and banking applications where app integrity is paramount. Citizens can verify app authenticity through the M-Kavach 2 mobile security app, which accesses blockchain records to check app legitimacy</li></ul><img src="https://academy-public.coinmarketcap.com/optimized-uploads/b226bc4cd4bb4716a22e7dc021830050.jpeg" />Portal Coverage and Features of the Nation Blockchain Portal. Source: Tiger Research<ul><li>National Blockchain Portal: Another integral part of the NBF ecosystem is the National Blockchain Portal, which acts as a comprehensive resource hub for blockchain-related content. The portal provides information on the latest blockchain news, success stories, technical resources, and educational materials. It facilitates training, events, conferences, and startup information for various stakeholders working in the blockchain space. The portal also includes features like an integrated chatbot for AI-based queries and crowdsourced content. By providing real-time access to blockchain resources and a space for collaboration, the National Blockchain Portal promotes both education and development within the blockchain ecosystem.</li></ul><h2 id="header-3">3. Real-World Applications: Adoption and Expansion in India</h2>Blockchain’s transformative potential is already being realized across multiple sectors in India. The National Blockchain Framework has seen practical implementation through pilot projects in areas such as land registries, healthcare, and supply chain management. These sectors stand to benefit from blockchain’s ability to offer secure, tamper-proof data management systems.<ul><li>Land Registries: Blockchain has been used to record land titles, ensuring the accessibility of tamper-proof records. This enhances transparency in property transactions and reduces disputes and fraud. For instance, the city of Pune had already announced its <a href="https://coingeek.com/india-pune-taps-blockchain-for-property-registration-after-year-long-pilot/" rel="noopener noreferrer nofollow">blockchain integration</a> into property registration.</li></ul><ul><li>Healthcare: Patient records are being secured through blockchain. This improves privacy and data management efficiency while ensuring health services can seamlessly access and verify medical histories. The recent collaboration between <a href="https://health.economictimes.indiatimes.com/news/health-it/blockchain-technology-to-transform-healthcare-in-india/109450573" rel="noopener noreferrer nofollow">IIT Bombay and BFI</a> (Blockchain for Impact) is one instance of the mission to enhance the healthcare ecosystem by making medical facilities and essentials more accessible for all.</li></ul><ul><li>Supply Chain Management: Blockchain provides end-to-end traceability for products, ensuring transparency and security in tracking goods across various points of the supply chain. From validating provenance to fostering transparency, many advantages can be inherited with blockchain technology.</li></ul>Government bodies are pushing for wider adoption of the NBF across various departments and states. For instance, Praamaanik is being considered for mobile app verification in sectors like banking, government apps, and financial services. With India’s extensive mobile user base, the need to secure mobile applications and prevent counterfeit apps is critical. Praamaanik’s blockchain-driven verification offers a solution to ensure app security and integrity that raises overall user trust and satisfaction.Additionally, India’s judicial system is testing blockchain solutions for document verification and management. The use of e-stamps, consent management, and tracking of agriculture produce are among the expanding blockchain applications being piloted across various Indian states. The ongoing rollout of the Domicile Certificate Chain and Property Chain shows blockchain’s potential to streamline bureaucratic processes and eliminate fraud.<h2 id="header-4">4. Conclusion: Driving Mass Adoption and Startup Innovation</h2>The National Blockchain Framework (NBF) represents a comprehensive initiative designed to modernize India’s digital infrastructure through blockchain technology. By enabling blockchain adoption across sectors, the framework aims to foster trust, security, and transparency in public services. NBFLite provides startups and academia the tools to innovate and prototype blockchain solutions at a low cost, while Praamaanik enhances mobile app security.The NBF is a major step toward making blockchain a foundational technology in India’s governance model. By addressing challenges like security, privacy, vendor lock-in, and interoperability, it creates a blockchain ecosystem that will continue to evolve as more government departments and private organizations adopt its infrastructure.For businesses and startups, the NBF offers an unprecedented opportunity to align with government priorities, scale solutions, and foster collaboration. Startups should actively explore the NBFLite platform to develop blockchain applications that serve both public and private sectors. Moreover, the government’s endorsement of blockchain-based solutions means that companies have a clear path to integrate their innovations into India’s vast and diverse market.In conclusion, the NBF offers a comprehensive approach to blockchain adoption in India. By fostering innovation, encouraging collaboration, and creating a trusted environment for digital services, it positions India as a global leader in blockchain technology. Startups, academia, and businesses must seize this opportunity to contribute to and benefit from India’s rapidly evolving digital ecosystem.Dive deep into Asia&#39;s Web3 market with Tiger Research. Be among the 3,000&#43; pioneers who receive exclusive market insights. [<a href="https://reports.tiger-research.com/p/india-blockchain-revolution-unveiling-eng" rel="noopener noreferrer nofollow">link</a>]<h2 id="header-5">&#x1f42f; More from Tiger Research</h2>Read more reports related to this research.<ul><li><a href="https://reports.tiger-research.com/p/india-2024-q1-update-eng" rel="noopener noreferrer nofollow">How is the Indian blockchain market in 2024 Q1</a></li><li><a href="https://reports.tiger-research.com/p/2023-india-eng" rel="noopener noreferrer nofollow">Indian Web3 Market Overview</a></li></ul><h2 id="header-6">Disclaimer</h2>This report has been prepared based on materials believed to be reliable. However, we do not expressly or impliedly warrant the accuracy, completeness, and suitability of the information. We disclaim any liability for any losses arising from the use of this report or its contents. 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India’s Blockchain Revolution: Unveiling the National Blockchain Framework

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