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| 03 February, 2022, 11:43 AM IST | E-Paper
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    Blockchain not best for digital currency, experts say

    Synopsis

    Blockchain may not be the ideal technology due to its massive power consumption, more so in a country like India with its population of 1.3 billion, the sources said.

    New Delhi|Mumbai: India’s central bank may consider other “centralised” technology models apart from blockchain — the popular digital transaction ledger — to host its proposed digital currency, officials and industry experts in the know of the matter told ET. Blockchain may not be the ideal technology due to its massive power consumption, more so in a country like India with its population of 1.3 billion, the sources said. Instead, the Reserve
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