India Commemorates National Technology Day with Focus on Blockchain and Web3 Innovations
As India marks National Technology Day on May 11, the spotlight is shining brightly on the transformative potential of Blockchain and Web3 technologies. Industry leaders are expressing confidence that these innovations could play a pivotal role in propelling India towards its ambitious goal of a $1 trillion digital economy by 2030.
One key aspect highlighted on this day is the empowerment of financial inclusion through Blockchain technology. Shivam Thakral, CEO of BuyUcoin, a leading player in India’s cryptocurrency scene, shared the journey of his company in creating a secure platform for digital asset trading. Thakral emphasized the role of blockchain in revolutionizing India’s financial landscape and enabling safe crypto trading in the country.
Thakral also spoke about the growth of Web3 as a democratizing force in financial services, potentially providing greater access to underserved populations. He reiterated BuyUcoin’s commitment to innovation and strategic partnerships aimed at enhancing user experiences and industry standards.
On the global front, Jyotsna Hirdyani, South Asia Head at Bitget, highlighted India’s contributions to technology and innovation, particularly in Blockchain and Web3. Bitget’s initiative, Blockchain4Youth, aims to equip the younger generation with skills to navigate and utilize Web3 technologies, preparing them for the decentralized business and technology landscape.
Blockchain4Youth has already engaged thousands of participants globally, providing education and certification to a skilled workforce ready to handle future technological shifts. Despite challenges such as regulatory hurdles and the need for digital literacy, the integration of blockchain technologies into various sectors could be crucial in achieving India’s digital economy target.
As India celebrates its technological prowess on National Technology Day, the focus on blockchain and Web3 technologies extends beyond economic benefits to creating a more inclusive and equitable digital future. Companies like BuyUcoin and Bitget are leading the way in embracing these technologies, paving the path for a redefined economic landscape in India and beyond.
