India eyes boosting talent pool with new blockchain module for students

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The National Institution for Transforming India (NITI) Aayog has announced the launch of a new learning module for citizens looking to pivot toward blockchain technology.

The learning module was attained in collaboration with digital asset giant 5ire and Network Capital, leveraging the deep expertise of both entities. NITI Aayog’s Atal Innovation Mission (AIM) runs the module, and its reach in over 10,000 schools makes it the ideal body to spearhead the new learning course.

AIM has Atal Tinkering Labs around India, where 7.5 million Indian school students learn computational skills and adaptive learning.

“This innovative technology will revolutionize the way businesses and individuals interact and transact, providing a secure and decentralized platform for data storage and transfer,” read the official press release.

5ire’s involvement in the ATL Blockchain Module contributed to the core of the module, with the unicorn confirming that it used its technical knowledge in its creation. Network Capital, a career mentorship platform, handled curation and conceptualization.

The learning course is divided into nine parts ranging from blockchain introduction, benefits, the hurdles the technology faces, understanding consensus algorithms, digital assets, smart contracts, and an introduction to civil identities on distributed ledgers. The course shed significant light on blockchain use cases in financial services, health care, supply chain, manufacturing, and automotive sectors.

“DLT (distributed ledger technology) has the potential to unlock tremendous opportunities for the youth, and this module will introduce students as young as grade 6 to the concepts of blockchain, which will help them in solving societal issues through its application,” said Mission Director Chintan Vaishnav.

India’s DLT quest receives a glimmer of hope

Blockchain adoption in India has been on the rise in recent months despite the negative view of regulators toward virtual currencies. Indian universities have begun offering several blockchain courses in conjunction with advocacy groups like the India Blockchain Association and the India Blockchain Alliance.

Finance Minister Nirmala Sitharaman’s statement that the country is anticipating a near 50% adoption rate on blockchain before 2026 has offered a glimmer of hope to enthusiasts. The decision of some municipal governments to turn to distributed ledgers for governmental processes is considered a win in the grand scheme of things for blockchain’s adoption.

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