Tamil Nadu, the 10th largest Indian state, is working on creating state-level policies for AI and blockchain technologies.
Blockchain technology seems to be going through a very positive period, with major countries around the world suddenly welcoming it. China surprised the entire world only days ago, when its president publicly praised blockchain, claiming that adoption of this technology would be seizing the opportunity.
He is not the only one who thinks so, as new reports claim that the 10th largest Indian state, Tamil Nadu, is also working on doing the same. In fact, the state is supposedly already in the process of creating a state-level policy for blockchain technology, as well as for AI tech.
Santosh Misra, CEO of the state’s e-Governance Agency commented,
“We are working on separate policies on blockchain and AI. The AI policy is going to be perhaps the world’s first policy addressing safe and ethical use of AI […] No state or country has announced a standalone policy to address the safety and ethics associated with AI, and we have no precedence for it.”
The country’s local news outlet, The Times of India, has reported that Tamil Nadu is creating separate policies for blockchain and AI. Furthermore, the policies should be released within the next 10 days, according to the source.
If true, the policies will establish some of the basic rules on how the government should go about applying new technologies. Emerging tech like AI and blockchain already offer great potential for impacting numerous businesses and industries, such as service delivery, and others. They also might help solve governance problems, and more.
Tamil Nadu is the latest Indian state to start thinking of ways of implementing emerging technologies, but it is certainly not the only one. Earlier in 2019, the state of Telangana created a similar policy for blockchain, which would create a favorable ecosystem for blockchain startups.
Then, in August of this year, India's second-largest state of Maharashtra worked on creating a regulatory sandbox for testing various blockchain solutions in hopes of finding new applications. This is also a state in which India's capital of Mumbai is located, and home to 114 million people. If tests prove successful, it could start using blockchain technology for vehicle registration, supply chains, document management, agricultural marketing, and more.
Finally, the authorities in Andhra Pradesh also started researching blockchain use cases in land ownership, with hopes of making a transparent system that could eliminate corruption.
Indian bank still pursues the crypto ban, however, but earlier this month, the Supreme Court of India postponed the hearing to November 19th. The news of yet another state exploring crypto's underlying technology and creating a policy for it might impact the decision in a positive way.