According to ChainCatcher, the Indian Ministry of Electronics and Information Technology (MeitY) announced the National Blockchain Framework (NBF) on September 4.

India’s national blockchain framework uses a permissioned blockchain instead of public blockchains like Bitcoin or Ethereum. Only authorized participants can verify transactions, making it more suitable for government services.

The key words of the national blockchain framework announced this time are security, transparency, and increased trust. By establishing a blockchain infrastructure, companies can develop blockchain solutions suitable for the public sector.