Based on recent media reports, the National Payments Corporation of India (NPCI) is seeking an experienced blockchain expert to lead its investigation into blockchain’s potential applications in modern payment systems and to integrate blockchain components into the UPI framework.
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NPCI is Looking for a Head of Blockchain
In an effort to hire a head of blockchain, the company recently listed a job opening on LinkedIn. According to the job description, the ideal applicant will be an experienced technologist having a minimum of 6 years of expertise in developing and deploying blockchain, and they will be largely responsible for determining “avenues wherever blockchain-driven solutions can be used.”
Prior Work is Important
A thorough technical awareness of several blockchain platforms as well as prior work background of at least two blockchain pilot projects constitute additional requirements for a senior management position.
The National Payments Corporation of India, a joint venture of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA), is a centralized organization for administering the consumer payment and settlement systems in India.
NPCI Already Receiving Offers from Multiple Countries
NPCI is already receiving offers from countries in Asia, Africa, and the Middle East to upgrade its payment infrastructure. The UPI payment method has been adopted to varied degrees in Singapore, Malaysia, the United Arab Emirates, France, the Benelux countries, Nepal, and the United Kingdom.
Blockchain Adoption in India
It is remarkable that India now represents 53% of all bitcoin users globally, which is five times more than the US. India has also been looking into how blockchain technology may be used in a variety of businesses that could pave opportunities for more widespread public’s acceptance of cryptocurrencies.
This news comes just after Indian Prime Minister Narendra Modi called for international collaboration to create crypto laws at the annual G20 summit. As the G20 presidency for this year, India has taken on the duty of establishing a comprehensive global framework for handling cryptocurrencies.
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