Indian Minister praises blockchain potential in defense

India defense blockchain

Rajnath Singh, Defense Minister of India, believes that AI, blockchain, and Big Data have already changed the paradigm of warfare. Their use is necessary to protect critical infrastructure, he concluded.

Singh made this statement during a speech to representatives of 80 states who will visit the annual DefExpo 2020 defense exhibition, The Times of India reports.

Recall, last year, the central bank of India banned financial institutions from providing services to companies and individuals that are associated with bitcoin or digital currencies.

At the time of writing, the Supreme Court of India has twice upheld the ban, but the third final sitting is ahead.

Already this summer, a government working group recommended banning cryptocoins.

Earlier, Chairman of the PRC Xi Jinping announced the need to take a leading position in the blockchain industry. This provoked the growth of cryptocoins, but, like India, official Beijing is not going to lift bans on crypto trading yet.

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