Indian Govt. Think Tank to Trial Blockchain for Fertilizer Subsidy Payments
Source : CCN
I am not sure which direction India is heading for one side they don't want crypto currency and in same breath they want to use Blockchain for Fertilizer subsidy.
Read the sourced article below and don't forget to mention your comments
India’s most influential state-run think tank is set to undertake a research project to explore the use of blockchain technology for fertilizer subsidy disbursements to farmers.
The National Institute of Transforming India (NITI), the Indian government’s primary policy-making body, has entered a statement of intent (SOI) with the fertilizer giant Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) to develop a blockchain solution for subsidy management in the fertilizer industry. As reported by the Press Trust of India, the think tank also intends to outline policy recommendations to turn current subsidy mechanisms more immune to data leaks while improving transparency based on the outcome of the research.
Subsidy distribution in payments to farmers will become more streamlined without the need for documents or multiple points of authorization.
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