Bitindia aims at mass adoption of blockchain in India
Sep 23, 2017 Posted / 28737 Views
Blockchain is emerging as the disruptive technology and the fundamental support of the cryptocurrencies, is vitally a record where each and every Bitcoin transactions are recorded and stored. Conversely, now many have been paying attention on the approach to make use of blockchain devoid of relating it to Bitcoins for transactions or self agreement ledger method. The blockchain or shared ledgers, because they are over and over again portrayed, are simplified and kept up not by a sole body, company or the government, although run by a network of users. It’s of the same kind to the way distributed Google spreadsheet is maintained by their users. The technology depends on a network of computers, and for this reason organizations vision it as most striking technology as it removes the want for a central institution to maintain records or database.
BitIndia is a platform which is blockchain based and will allow people to trade in cryptocurrencies in India. Since it is based on the blockchain network, it makes an easy and safe environment for people to buy, sell in Bitcoins, Ethereum, Ripple in every part of India. It has launched its cryptocurrency wallet and exchange platform, so that more people get into the blockchain network and it plans to boost the usage of cryptocurrencies in India. The economy can see a massive change, positively, if more number of people move to blockchain and cryptocurrencies. Blockchain and cryptocurrencies can be operated in a lot of segment of the Indian market, such as for real estate market, in banks, to carry out payments, for buying and selling of goods and services in addition to the investment reasons. For a moment, if we just imagine that all the work and payments, and the relevant records are been done on a transparent network, where everyone can have a safe feeling regarding their money, it would be such a magnificent experience for everyone on the blockchain. Such features of blockchain can be used to make a network where everyone can participate and take advantages of the services. This is what exactly Bitindia wants to do. Bitindia wants to assemble all the probable crypto and blockchain related features on their platform, and make their services reach to very person. This is an ambitious vision of Bitindia, which will help for the mass adoption of blockchain in India. In view of the fact that, blockchain is a network which is transparent and ledger based, this will help to make a fraud free network in India. BitIndia platform is decentralized, that means there are no intermediaries involved, and users can make instant transactions safely using cryptocurrencies, with the use of blockchain.
BitIndia is a simple and fast platform, which aims to become the largest trading platform which would let all the people to trade and invest with the ruling cryptocurrencies. It can be said that it is a determined vision to increase the percentage of people using blockchain and cryptocurrencies, and bring around more and more population into blockchain, and providing a reliable platform, for blockchain and cryptocurrencies related trade in India.
The wave of blockchain that will be created by the Bitindia will surely be a much awaited sight for the Indian economy, where Bitindia is giving the impression of being able to travel on the surge with a variety of approach in the order to build the environment for blockchain's mass adoption. Blockchains are set to go in a conventional stream. As contrasting to bitcoin, the cryptocurrency, the fundamental blockchain technology is welcomed by many companies, banks, and also by the governments. A kind of innovative industry is up-and-coming which is based on this technical progression that consent to numerous people to have the same opinion on its own version of a record keeping network with no requirement for any kind of intermediaries.
Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .
Hottest Blockchain Newsletter
For updates and exclusive offers, enter your e-mail below.