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According to a report published by Mazars, India, and China are the leading investment and implementation market for blockchain technology.

Many major firms, coming from different sectors have invested and adopted the blockchain technology.

Reliance to introduce blockchain to digitalize goods transportation

Reliance Industries Limited has announced its plans to launch “one of the largest” blockchain networks to digitalize its two most crucial transportation documents, i.e., the bill of lading & letter of credit transactions. The Ambani led company will enable the blockchain plan within 12 months.

The firm claims that with the transformative technology, it would be capable of fulfilling thousands of nodes operations in India on the very first day of its service.

Launch of knowledge-sharing digital portal TechSagar

The National Cyber Security Coordinator’s office partnered with DSCI (Data Security Council of India) to facilitate knowledge sharing and holistic growth in the Indian tech industry for startups and big corporations and launched TechSagar, a digital portal, on 21st October. The digital portal is meant to act as a repository of more than 4,000 businesses and research entities focussing on technology, including the IT industry, startups, academia, and individual researchers.

Telecom’s blockchain transformation with TBCASoft, IBM, SoftBank

US-based blockchain firms TBCASoft, IBM, and SoftBank, have entered into a strategic collab to support the transformation of the telecom industry that intends to use cross-carrier blockchain technology designed to enable new synergies throughout the industry, providing new services to telecom carriers and their userbase while fostering an innovative business model.

According to the agreement, TBCASoft would bring technology & solutions; IBM would bring its blockchain technology, experience in integrating and scaling blockchain networks, and software solutions, and SoftBank would bring its telecom expertise to the collaboration.