Blockchain This Week: Tamil Nadu Unveils India’s First ‘Safe & Ethical AI And Blockchain Policy’ & More

Blockchain This Week: Tamil Nadu Unveils India’s First ‘Safe & Ethical AI And Blockchain Policy’ & More

SUMMARY

Tamil Nadu’s ‘Safe & Ethical Artificial Intelligence Policy’ will empower policymakers and regulators to make evidence-based decisions

The state government looks to leverage SFDB and blockchain framework to ensure transparency, accountability and fairness for the development of egovernance solutions

South Korea’s payment network Terra looks to build developer team in India

In a bid to create an ecosystem for safe and ethical tech solutions for egovernance, the Tamil Nadu government recently launched India’s first ‘Safe & Ethical Artificial Intelligence Policy 2020,’ which also emphasises on the ‘use of blockchain for safe and ethical AI.’ 

Sharat Chandra, MVP Hashgraph ambassador at Hedera Hashgraph told Inc42 that the blockchain policy rightly advocates setting up a semi-regulated sandbox for development of egovernance applications. Further, he said that the sandbox would empower policymakers and regulators to make evidence-based decisions. 

“I would urge upon startups and tech entrepreneurs to leverage this opportunity to build innovative solutions for e-governance,” added Chandra. 

According to the policy, the state government is said to leverage the state family database (SFDB) and blockchain framework, where it will be using the six-dimensional TAM-DEF (transparency & audit; accountability & legal issues; misuse protection, digital divide & data deficit; ethics; and fairness & equity) framework along with DEEP-MAX scorecard for evaluating all AI systems before public rollout. 

Santosh Mishra, chief executive officer of the Tamil Nadu eGovernance Agency (TNeGA) told in a Linkedin post that this is a first such policy in the country and among the first few in the world to have attempted to address ‘ethics’ in ‘AI.’  Further, he said that this framework would encourage and guide AI startups in making AI fair and equitable. The state government has been working on this policy since last year and had plans of launching it in the month of February 2020

The Tamil Nadu government has been working on emerging technologies such as artificial intelligence and blockchain technology for quite some time now.

The state government is already using AI-based solutions to help farmers fight pests. Also, it had launched an AI-powered attendance system for students, which is already being implemented in several corporate schools in the state. Besides Tamil Nadu, Telangana state government has also been instrumental in bringing up several initiatives related to blockchain and AI, the state had released a draft for blockchain policy as a measure to encourage blockchain startups.

Blockchain Graph Of The Week: 

Blockchain Landscape

According to the IDC report, out of 72 companies analysed in the study, across industries and various other parameters, a large majority of the companies were involved in more than one market area, dominated by financial transactions, followed by identity management, smart contracts and others.  

Blockchain News Of The Week: 

South Korea’s Terra Looks To Build Developer Team In India 

South Korea-based blockchain payment network Terra recently announced its plans to build a developer community in India called ‘Think with Terra Ideathon,’ in partnership with Lumos Labs, a Singapore-based innovation management company. Through this initiative, the company looks to push the barriers for developers to reinvent existing payment solutions using blockchain technology in the areas of fintech, ecommerce and logistics among others. 

The selected team or startups would receive INR 5 Lakh cash price, along with mentoring from leading industry experts, founders etc. Daniel Hwang, head of ecosystem development at Terraform Labs said that India possesses a huge potential to harness the blockchain ecosystem in the world and provide the much-needed impetus to redefine the payment infrastructure across verticals. 

Further, he said that it looks to engage and support the ever-growing developer brain pool in India and build a growth-centric blockchain ecosystem in India.  

CIA Launches R&D Lab Focused On Blockchain 

The United States’ intelligence service entity, central intelligence agency (CIA) recently announced that it has launched a new research and development lab that focuses on blockchain technology among other key areas. According to its website, the agency said that its state-of-the-art labs will be doing research on ‘distributed ledger/blockchain-enabled technologies’ alongside other tech stacks, including wireless, quantum computing, telecommunications, artificial intelligence and data analytics among others.

Alibaba To Win Blockchain Patient Race 

According to KISSPatent report called ‘The Current State Of Blockchain Patients,’ the Chinese ecommerce giant Alibaba looks to have published 10x times more blockchain patents than IBM, this year. Further, the study revealed that if this continues, Alibaba could become the biggest patient holder in blockchain by the end of this year. The study noted that Fortune500 companies are filing for more patents, instead of blockchain-only companies.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Blockchain This Week: Tamil Nadu Unveils India’s First ‘Safe & Ethical AI And Blockchain Policy’ & More-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Blockchain This Week: Tamil Nadu Unveils India’s First ‘Safe & Ethical AI And Blockchain Policy’ & More-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Blockchain This Week: Tamil Nadu Unveils India’s First ‘Safe & Ethical AI And Blockchain Policy’ & More-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Blockchain This Week: Tamil Nadu Unveils India’s First ‘Safe & Ethical AI And Blockchain Policy’ & More-Inc42 Media
Blockchain This Week: Tamil Nadu Unveils India’s First ‘Safe & Ethical AI And Blockchain Policy’ & More-Inc42 Media
You’re in Good company