While India maintains a cautious approach towards cryptocurrencies, the nation remains open to the possibilities offered by blockchain technology. Recently, the National Payments Corporation of India [NPCI], an umbrella organization overseeing all retail payment systems and led by the Reserve Bank of India [RBI], has actively embarked on a search for a seasoned blockchain technologist. This individual will play a pivotal role in exploring the potential of blockchain technology within modern payment systems.
Demonstrating their commitment, NPCI posted a job listing on LinkedIn for the position of Head of Blockchain. The primary mission of this role is to identify opportunities where blockchain-driven solutions can be harnessed in collaboration with both internal and external stakeholders. Following the proof of concept [POC] phase for identified areas, the selected candidate will be responsible for the comprehensive design and implementation of a blockchain-based network.
The ideal candidate should possess a minimum of sixteen years of total professional experience, with at least six years dedicated to hands-on development and implementation of blockchain solutions. Additionally, they should have a deep technical understanding of various blockchain platforms and prior involvement in at least two pilot blockchain projects.
At the time of writing, NPCI’s job posting had attracted over 200 applicants, indicating the increasing momentum of NPCI’s blockchain recruitment drive as viable blockchain use cases come to light.
On August 29, NPCI introduced “Falcon,” an open-source project designed to simplify the management and utilization of blockchains based on ‘Hyperledger Fabric,’ with support for Kubernetes clusters. Falcon is poised to empower developers to innovate on blockchain-based payment solutions, facilitating efficient, reliable, and automated deployment of networks and Web3 solutions.
India’s Crypto Stakeholders Urges Policyholders To Lift Shadow Ban
In another development, the newly formed crypto policy advocacy group in India, the Bharat Web3 Association [BWA], has appealed to the government and central bank to restore access to the widely popular real-time payment system, the Unified Payments Interface [UPI], for the crypto industry. This marks a significant push by India’s crypto stakeholders seeking policy changes in the growing industry, following challenges such as heavy taxes, a crypto winter, and a “shadow ban.”
The shadow ban resulted in Indian payment processors severing banking access to crypto exchanges, coinciding with the suspension of UPI services around the same time last year.