Chains of Trust & Transformation

India’s blockchain revolution is gaining momentum, with STPI’s Apiary Cok augmenting deeptech startups— positioning the nation as a global leader in secure, transparent, and inclusive digital transformation

- ARVIND KUMAR

In today's era where data holds paramount value, conventional models of governance, security, and service delivery are rapidly evolving. Blockchain technology has emerged as a foundational layer of trust in this transformation. It is no longer limited to cryptocurrencies—it is redefining the way India envisions secure, transparent, and inclusive digital systems.

The Government of India has recognised this potential early on. Through key frameworks like the National Blockchain Strategy and Digital Public Infrastructure (DPI), India is integrating blockchain into governance, trade, and financial systems. Innovative pilots such as Praamaanik (for app authentication) and the Vishvasya Blockchain Stack (Blockchain-as-a-Service platform) reflect the Government's commitment to making blockchain a core pillar of Digital India.

India's blockchain market is poised for exponential growth, with a CAGR of 82.3% projected from 2022 to 2030, according to the report India Blockchain Technology Market Forecast 2030. As the world embraces decentralisation, blockchain is gaining relevance across various sectors, including finance, agriculture, education, sustainability, supply chain management, and healthcare. Globally, the blockchain market is expected to surpass USD 67 billion by 2026 as per the report by MarketsandMarkets, underlining the strategic importance of India's participation and leadership in this space. By seizing this opportunity, Indian entrepreneurs can position themselves at the forefront of a trillion-dollar decentralised economy, driving both national growth and global competitiveness.