May 3, 2024

Indian Prime Minister named blockchain as one of the best investment technologies

Indian Prime Minister 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 a business summit in his speech, heincluded 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 is just emerging.

According to Narendra Modi, currently half a billion people in the country are still waiting for an Internet connection.which provides the business with enormous growth potential. At the same time, India, unlike China, is open to foreign technology companies and in March lifted the ban on the use of cryptocurrency.

Although India is still a long way from obtaining statusthe world center of the blockchain and cryptoindustry, but if the country's leadership also continues to actively promote this direction, then soon the situation may change dramatically.

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