The architect of Aadhaar and UPI is working on a blockchain platform for the RBI’s proposed digital currency.
The Indian Software Product Industry Roundtable, or iSPIRT, has ambitious plans for the Reserve Bank of India’s digital currency project. The technology think tank wants to build a blockchain platform for the central bank’s digital currency.
The platform that the Bengaluru-based organization is working on is called Bharat Distributed Ledger—or BADAL—and it is likely to present the plan to the RBI. The idea is to build a ready-to-use blockchain infrastructure that can be integrated with India Stack.
Since its inception in 2013, iSPIRT has played an active role in building key digital platforms for the government. In 2016, it launched …
Ashwin writes on fintech and banking at The Morning Context. He joins us from The Economic Times, he worked across the finance, tech and startup verticals, breaking stories related to India’s banking system, startups in the new economy, digital payments, insurance and cryptocurrencies.
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ashwin@mailtmc.com
Delhi