India’s Defence Minister Rajnath Singh says the technology underpinning cryptocurrencies will remain a key part of the defence, along with other innovations.
India’s Defence Minister believes blockchain technology, artificial intelligence (AI) and big data will form part of the future of warfare.
As local daily news outlet Times of India reported on Nov. 4, Rajnath Singh highlighted the potential of blockchain, along with big data and AI, in defense operations.
Warfare’s new “blockchain paradigm”
Speaking to a range of delegates from 80 countries in Delhi, Singh appeared under no illusion about India’s plans to access innovation as the global industry evolves. He explained:
“The role of AI, big data and blockchain technologies has already revolutionized the existing paradigm of warfighting. The defence industry is undergoing a churning to cope and employ these technologies, in order to safeguard the safety and security of critical infrastructure.”
India will hold its annual defense conference, DefExpo 2020, in February.
India goes in for blockchain-not-Bitcoin
India has joined the list of countries taking a markedly different stance on blockchain compared to the phenomena it underpins, specifically cryptocurrencies such as Bitcoin (BTC).
As Cointelegraph reported, a ban on providing liquidity to exchanges has metamorphosed into a legal process that could see cryptocurrency outlawed altogether.
The existing ban has already caused problems, with the police themselves unable to move crypto funds seized as part of law enforcement.
At the same time, blockchain continues to make its way into various facets of the economy. Last week, one Indian state confirmed it was working on dedicated policy updates for both blockchain and AI.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.