CURRENT AFFAIRS

Detailed explanation-1: -Blockchain district, anchored by the Government of Telangana , brings together different facets of the Blockchain technology realm in the city of Hyderabad.

Detailed explanation-2: -The Telangana government is going to set up the country’s first ‘Blockchain district’ to create an ecosystem for all the start-ups and institutes working in the space.

Detailed explanation-3: -Q. Which state has proposed to set up the first ‘Blockchain District’ in India? Notes: Telangana will be the first to house all major Blockchain technology companies, a huge incubator and a world-class facility for promoting research. Telangana govt proposed 25% subsidy on lease rentals up to Rs.

Detailed explanation-4: -Giving the details on the journey of blockchain in Maharashtra, the official said the phase-1 began the formulation of blockchain adoption strategy. Next, it assessed on-boarded building startups.

Detailed explanation-5: -Commercial applications of blockchain technology in India’s banking and financial sector are also being developed. Santander Bank has identified about 25 use cases focusing on international payments and smart contracts. Forty-five internal use cases are being experimented with by Barclays Bank.