A forum to promote Web 3.0 adoption was launched on Sunday, 21 August 2022, in Hyderabad. The India Blockchain Forum, launched by Jayesh Ranjan, Principal Secretary, Government of Telangana, aims to make India a global blockchain and Web 3.0 hub.
The forum launch comes at a time when the crypto and blockchain industry has called for regulatory certainty in order to help the industry achieve its full potential. The crypto industry in India is in a nascent stage right now, but crypto and Web 3.0 startups in the country have already garnered funds worth more than $1 billion across 43 deals in the first six months of 2022 alone.
Who are the founding members?
The India Blockchain Forum started as an informal association of a handful of Indian blockchain influencers. There are 40 key individuals associated with this body.
Some of the key founding members include Prasanna Lohar (CEO, Block Stack), Col. Inderjit Singh (Retd.), Srinivas Mahankali (CBO, Secure Kloud), Pankaj Diwan (CEO, Idealabs FutureTech Ventures), and Sharat Chandra (Blockchain Evangelist).
Global influencers, enterprise adoption leaders, and technology architects were also present.
What to expect from the India Blockchain Forum?
The forum plans to establish interest groups focusing on CBDCs, crypto policy framework, metaverse, and other areas in order to drive wholesome blockchain adoption.
A press release note, shedding additional light on their 10-point plan, was shared. The plan focuses on building up the India Blockchain Stack, start-up acceleration, nurturing communities, driving global collaboration, policy advocacy, talent pool creation, hand-holding corporates to the Web 3.0 world, and other aspects.