Through Amogh Tiwaric
The future of blockchain and crypto innovation is bright in India. There are plenty of partners
that will determine the future –
India’s young people to use it
The government/RBI to see to it
Age with super innovative skills to fabricate it
Indian crypto traders and builders are still very hopeful about cryptocurrencies despite the vulnerabilities in guidelines regarding cryptocurrencies. This is on the grounds that crypto is yet another innovation and it requires an investment to make regulations related to crypto.
According to a recent survey, India is the fastest growing cryptocurrency market in the world. India is the fastest developing cryptocurrency market in the world, according to a new study. It has developed at a dramatic pace in recent years and it has developed faster than in some other countries. Experts predict that India will play an important role in the future of cryptocurrency if it moves in this direction.
The fate of cryptocurrency in India looks bright, due to the country’s dynamic local community and decision-making government. Indian government is an active player. The Government of India is currently formulating policy on Web 3.0. To be a major player in the global Web 3 economy, it must participate in the global strategy improvement and adapt its strategies to this fast-paced world. Until then, Indian web3 startups would struggle with a generally safe governance environment.
Indian technology is poised to play an important role in the development of this industry worldwide. India’s technology field has undergone remarkable development over the past 10 years and it continues to attract top capabilities from all over the world.
India’s IT field employs more than 4.4 million people, 80% of whom are computer programmers, and contributed $180 billion (or 7% of GDP) in shipments in 2020.
These engineers are very familiar with both conventional programming developments and emerging innovations such as blockchain, AI, IoT and VR/AR. With additional training and experience through openness to these new developments, they will be very well positioned to hold vital jobs in the booming web3 economy around the world.
My perspectives on Web3 and India – Web 3.0 is the ultimate destiny of cryptographic money, and as the global head of innovation, India should be at the forefront of creating a strategy around it.
If we don’t make progress now to smooth out our strategies and participate in the improvement of global standards, we will be let down.
The author is founder and CEO of Deefy co