The National Stock Exchange of India Limited (NSE) announced its plans to use Blockchain technology in e-voting with some companies on the platform built by Elemential labs. This Mumbai based startup plans to ensure improved compliance as well as corporate violence.
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What it involves
As reported by Inc42, the pilot will include setting up a Blockchain platform which connects the company with the regulators as well as the register and transfer agent during the voting process. This pilot will be evaluated on the auditability and the ease of running the entire process on the Blockchain.
The projects CTO of the NSE, Sankarson Banerjee said, “The immutable nature of blockchain will ensure that every action taken by a network participant is transparent to the regulator. Additionally, the smart contract framework enables synchronisation of the vote count process between the company and the regulator in real time.”
Dell EMC to introduce AI, Blockchain-Compliant Servers To India
The US-based tech company, Dell EMC announces its plans to bring artificial intelligence servers to India. The senior group director, Manish Gupta said,
“The clients that we work with are looking to tap these technologies, which is why we are bringing in servers that allow them to optimise on traditional workloads as well as invest into new age workloads such as cloud, artificial intelligence, analytics and blockchain,”
Gupta believes that the demands are coming from industry verticals like IT-enabled services, information technology, banking, insurance and financial services as well as the government who now use modern architecture.
RBI says no unit has been formed to track AI, Blockchain or crypto
The reserve bank of India clarifies its stance by saying that it didn’t formally create a unit to track crypto and Blockchain as well as artificial intelligence.
Other anonymous sources have stated that the regulator has a unit on the ground to research, draft rules and also supervise the emerging technologies.