India's Prime Minister Boasts How Blockchain and AI will Create New Job Opportunities

Blockchain And AI Will Create New Job Opportunities – India’s Prime Minister

According to an article on the New York Times, nascent technologies such as blockchain and artificial intelligence pose a serious threat to the existence of the human workforce. The article supported its stance by including relevant stats. However, Narendra Modi, the Prime Minister of India, believes that these technologies will not replace human workers. Instead, the premier stated that people would have to adapt their jobs to conform to these developments.

The Prime Minister expressed his sentiments during the World Economic Forum (WEF) for the fourth industrial revolution. Modi is renowned for his strong belief in emerging technologies, having been quoted saying that blockchain and AI will have a significant impact on all facets of the global economy. Some of the industries he motioned include financial services, security, healthcare, and agriculture.

Narendra acknowledged the openness of the Indian government to developing policies for the Fourth Industrial Revolution. He added that the developmental phase always poses challenges to countries. Precisely, the PM stated that some people are worried that the adoption of new technologies will adversely impact their employment statuses, while in reality, it would create new opportunities. The only change would be the nature of the available jobs.

Throughout Modi’s tenure, the Indian government has been very supportive of emerging technologies, launching several projects in the process. These projects include Atal Innovation Mission, Make in India, Startup India, and Digital India. In this regard, the premier said that the government is aware of the potential of technologies such as blockchain, Big Data Analytics and AI to transform the technology space in India.

The government of India intends to use blockchain technology to enhance the efficiency of its services. Amazingly, this technology will remove the government itself as an intermediary. Some of the services that will befit from this technology include, registration of assets and property as well as management of resources.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

High Chances of a Bitcoin ETF Approval in 2021 as BTC Trades Like Gold

After a strong rally right at the beginning of this week, Bitcoin is now keeping around $13,000 in the second half. While BTC has taken...

Justin Sun's P2P Streaming Service Acquires eSports Platform DLive; Now Launches BitTorrent X Ecosystem

BitTorrent Inc, the popular peer-to-peer data sharing protocol and app, has acquired the well-known decentralized streaming platform DLive. The firm also announced that it...

DeFi Growth & Stablecoin Surge Most Bullish Crypto Development: DCG State of Crypto 2020 Survey

39% of the respondents that involve 150 portfolio companies see DeFi as the most bullish crypto development of 2020, as per the DCG Founders...

Non-Custodial Bitcoin Exchange, Hodl Hodl, Launches Lending Service Without KYC

Hodl Hodl, a non-custodial Bitcoin exchange, is launching a KYC-free lending product for its customers. The exchange claims that its lending product would be...

Total Value Locked in Harvest Finance Surpasses $1 Billion, Up 366,200% Since September

Decentralized platform Harvest Finance that provides users a way to farm assets for the highest yields now has more than a billion dollars in...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today