The Indian government does not like Bitcoin. FM Arun Jaitley said so during his Budget speech and the RBI’s contempt for it is well known. But this isn’t about Bitcoin or cryptocurrencies. This is about the tech that cryptocurrencies use - blockchain. FM Jaitley said India will use “blockchain technology for ushering in a digital economy”. I’m not sure what that even means but that’s what our deep dive will try to decrypt today.

Niti Aayog the government think-tank, has been tasked with bringing in blockchain solutions as part of an initiative called “IndiaChain”, being billed as “the country’s largest blockchain network”.