Telangana Principal Secretary (IR and Industries) Jayesh Ranjan officially launched the India Blockchain Forum (IBF), which had been initially an informal organisation of the top key influencers in the Indian blockchain ecosystem.
IBF was established to turn India into a hub for Blockchain and Web 3.0 on a global scale. According to a statement, India IBF plans to engage with governments, regulators, businesses, and academia to provide a comprehensive framework for the proper adoption of blockchain and web 3.0.
It would also establish community chapters across the country to raise awareness and provide access to global best practices. The forum has developed a comprehensive ten-point agenda to act as a unified platform for: building India’s blockchain stack; policy advocacy; Accelerate startups ecosystems; supporting blockchain technology companies; creating a talent pool for sustainable growth of the blockchain ecosystem; collaborating with academic institutions and research centres; creating India’s blockchain use case repository and supporting the adoption of web 3.0 technologies by corporates; promoting global collaboration and communities.
The founding members of the India Blockchain Forum are Prasanna Lohar, CEO, Block Stack; Pankaj Diwan, Founder & CEO, Idealabs FutureTech Ventures; Col Inderjit Singh, Chief Cyber Security Officer, Vara Technologies; Sharat Chandra, Blockchain Evangelist and Srinivas Mahankali, Chief Business Officer, Secure Kloud Technologies.
The National Blockchain Strategy document, released by MEITY in 2021, is one of many blockchain-related initiatives to which the founding members have contributed.
The forum has more than 40 influencers and is developing Special Interest Groups (SIGs) to effectively adopt blockchain in areas like CBDC, Metaverse, policy framework, etc. Experts in policy drafting, upcoming frontiers like NFTs, Metaverse, and CBDC, cybersecurity, technological architects, world influencers, and leaders in enterprise adoption of Blockchain and Web 3.0 are among the current members. All stakeholders will be able to join the India Blockchain Forum, which aims to become the world’s largest web 3.0 community.