India’s Defence Minister Rajnath Singh says the technology underpinning cryptocurrencies will remain a key part of the defence, along with other innovations.
As local daily news outlet Times of India reported on Nov. 4, Rajnath Singh highlighted the potential of blockchain, along with big data and AI, in defense operations.
Warfare’s new “blockchain paradigm”
Speaking to a range of delegates from 80 countries in Delhi, Singh appeared under no illusion about India’s plans to access innovation as the global industry evolves. He explained:
“The role of AI, big data and blockchain technologies has already revolutionized the existing paradigm of warfighting. The defence industry is undergoing a churning to cope and employ these technologies, in order to safeguard the safety and security of critical infrastructure.”
India will hold its annual defense conference, DefExpo 2020, in February.
India goes in for blockchain-not-Bitcoin
The existing ban has already caused problems, with the police themselves unable to move crypto funds seized as part of law enforcement.
At the same time, blockchain continues to make its way into various facets of the economy. Last week, one Indian state confirmed it was working on dedicated policy updates for both blockchain and AI.