FxWirePro: India Mulls Over Frontier Technologies, Big Names Eye on Blockchain Adoption

India is embarking on a digitalisation drive for many trajectories of businesses.

To substantiate this stance, the Prime Minister of India, Narendra Modi, has recently advocated blockchain as an ‘opportunity in frontier technology’, renewing hopes that the country is warming to cryptocurrencies. “Opportunities in technology also include opportunities in the frontier technologies of 5G, Big data analytics, Quantum computing, Blockchain and Internet of things.”

Evidently, the Indian based cryptocurrency exchanges, such as, ‘CoinDCX’ appears to be gearing up for their crypto business on the back of post the country’s apex court (Supreme Court of India) verdict of permitting crypto trading in the country.

TCS has recently come up with ‘B⍺NCS’ the financial solutions under the flagship company of Tata Consultancy Services (TCS), who pioneered the world’s first overseas securities settlement deploying Quartz blockchain.

Their new crypto services solution enables financial community (including banks and investment firms) to enable investments and portfolio diversification into cryptocurrencies and Digital Assets for their clients.

Tata Consultancy Services (TCS), India’s renowned IT services company, has announced the launch of a new product called Quartz to assist banks to offer cryptocurrency-related services, as per the official press release by TCS.

The CargoX, a Slovenia-based, used its Platform for Blockchain Document Transfer (BDT) that has been integrated with India’s Port Community System (PCS), which was built by India’s Portall Infosystems.

As Indian Prime Minister Modi’s endorsement of budding technologies like 5G, Blockchain IOT & big data analytics can strike a chord in various dimensions of businesses, India has all potential to become a crypto hub targeting banking space.