There are still many problems associated with blockchain: Niti AayogThe government should first understand all aspects before using blockchain: Niti AayogIn recent times, blockchain technology has emerged as a potentially transformative factor which is reshaping multiple aspects of government operations.

In the report, Niti Aayog urged the government institutions to integrate decentralised networks supporting peer-to-peer transactions to create more socio-economic value.

NITI Aayog has been developing proof of concepts (PoCs) in these four areas to deliver improved efficiency and better understand possible hurdles in implementation.

Other problems which Niti Aayog faced in this pilot project were inefficiencies in record management, limited visibility for inventory stocks, and trusting credibility of the generating data.

“There clearly was a valid problem, deeply embedded in business rationale,” Niti Aayog added. | To read full story, visit https://startuparound.com/read/1580619606.8441749/Leverage-Blockchain-Tech-In-Operations:-Niti-Aayog-To-Govt?ref=audio_experience