✂ Fed’s first rate cut since 2020: Use our free Stock Screener to find new opportunities fastExplore for FREE

India To Launch Self-Reliant Web Browser With Crypto Features, Reducing Foreign Dependence

Published 10/08/2023, 13:41
Updated 10/08/2023, 15:10
© Reuters.  India To Launch Self-Reliant Web Browser With Crypto Features, Reducing Foreign Dependence

Benzinga - In a significant move towards digital advancement, the Indian Ministry of Electronics and Information Technology (MeitY) has launched the Indian Web Browser Development Challenge (IWBDC).

The primary focus of this initiative is to develop an indigenous web browser that allows users to digitally sign documents using crypto tokens, enhancing the security and efficiency of online transactions.

The challenge, unveiled at the India Habitat Centre on Thursday, is a collaborative effort spearheaded by MeitY, Controller of Certifying Authorities (CCA), and The Centre for Development of Advanced Computing (C-DAC).

The proposed web browser aims to bridge the gap between the traditional internet and the emerging blockchain technology.

According to a press release, the web browser will come equipped with an inbuilt CCA India root certificate, ensuring high security and data privacy protection.

Sunita Verma, Scientist G and GC (R&D in Electronics & IT) emphasized the importance of this initiative in the context of India's digital landscape.

She conveyed the message of Alkesh Kumar Sharma, secretary of MeitY, stating that the challenge is a pivotal step towards realizing an "Aatmanirbhar Bharat" (Self-reliant India).

Also Read: Fed Cracks Down On Banks' Crypto Activities, Signaling Wider Regulatory War On Digital Assets

The goal is to strengthen India's digital sovereignty and make cutting-edge technology accessible to its vast population.

Highlighting the broader vision, Verma said, "Digital India has revolutionized our nation's operations. As we progress, embracing technology and fostering indigenous innovation will be crucial. This browser is not just a tool but a symbol of a self-reliant, digitally empowered India."

Arvind Kumar, CCA of MeitY, touched upon the importance of trustworthiness and security in the digital realm.

He expressed optimism that the new browser, with its inbuilt India Root Certificate, would make India more internet resilient, reducing dependencies on foreign entities.

The challenge invites innovators from all sectors - academia, industry, startups, and individuals - to contribute to this groundbreaking project.

With a prize pool of Rs. 3.41 crore ($0.4 million), the competition promises not only monetary rewards but also an opportunity to shape the future of digital India.

Read Next: Rollbit To Buy Back And Burn RLB Tokens Daily: What Does This Mean For The Price?

Join Benzinga's Future of Digital Assets in NYC on Nov. 14, 2023 to stay updated on trends like AI, regulations, SEC actions & institutional adoption in the crypto space. Secure early bird discounted tickets now!

Photo: Shutterstock

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.