According to Gartner, the business value added by blockchain technology is expected to increase more than $176 billion by 2025 and exceed $3.1 trillion by the year 2030. The blockchain technology delivers a real impact in a number of sectors within the APAC region and acts as an important part of the technology stack among organisations.

India has seen exponential technological growth over the years—being the country with the second-highest number of internet users in the world and is home to the world’s third-largest technology start-up hub. India has the capability to become a global leader in the wide-scale adoption of blockchain technology and has already started to establish its visibility in the blockchain industry as one of the leading nations in blockchain patents.

By far, the active applications of blockchain technology have been achieving the most traction in sectors, such as financial services, supply chain, and insurance industry in India. With a similar vision, US-based R3 has been striving for enterprise blockchain adoption across verticals as well as exploring the industry use cases of blockchain in India.

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