India’s PM acknowledges world-changing implications of blockchain

Blockchain technology is becoming so all-encompassing in the tech world and beyond that politicians and officials can no longer ignore it.

Indian Prime Minister Narendra Modi has spoken about the disruptive power of innovations including blockchain, at an event attended by IT officials from over 80 countries.

Speaking at the World Congress on Information Technology, Narendra Modi said: “Disruptive technologies such as blockchain and the Internet of Things (IoT), will have a profound impact in the way we live and work. They will require rapid adaptation in our workplaces.”

The event also saw the launch of a new scheme in the country that aims to develop skills in technologies including blockchain.

“Digital empowerment can only happen if there is digital inclusion,” added India’s minister of law and justice, and justice nad electronics and IT, Ravi Shankar Prasad. “With the advent of new technologies like AI, blockchain and IoT, reskilling of young professionals is critical.”