Indian PM named blockchain as one of the best investment technologies

Indian Prime Minister Narendra Modi believes that blockchain is one of the most investment-attractive advanced technologies.

Speaking at the business summit in his speech, he included blockchain in the list of promising technologies, along with 5G, big data, quantum computing and the Internet of Things. Noting that DLT offers excellent investment opportunities, especially in India where this market just forming.

Currently, half a billion people in the country are still waiting to be connected to the Internet, Narendra Modi said, which provides the business with tremendous growth potential. At the same time, India, unlike China, is open to foreign technology companies and lifted the ban on the use of cryptocurrency in March..

Indian PM named blockchain as one of the best investment technologies

Although India is still far from obtaining the status of the world center of the blockchain and cryptoindustry, if the country’s leadership continues to actively promote this direction, then soon the situation may change dramatically..

text: Ivan Malichenko, photo: Getty Images

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