CURRENT AFFAIRS

Detailed explanation-1: -Jharkhand State Government becomes the first in India to implement blockchain technology in the agricultural sector. The state government incorporated the benefits of the latest technology to create a systematic structure that enables transparency in agricultural schemes such as the seed exchange program.

Detailed explanation-2: -Blockchain technology was used to increase government and farmer transparency. Jharkhand is the first state in the nation to distribute seeds utilizing blockchain technology.

Detailed explanation-3: -So far, two of the state governments have started using blockchain technology in agriculture. Andhra Pradesh has collaborated with a Swedish company to develop a blockchain-based platform catering to record-keeping of land registrations.

Detailed explanation-4: -The correct answer is option 2) i.e. Telangana. 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. The State signed an agreement with Tech Mahindra last year to set up the Blockchain district.

Detailed explanation-5: -Jharkhand is 1st state to implement blockchain in the country which is being used to track seed distribution.