Sudeep Choudhari, the head of India Blockchain at the National Payments Corporation of India (NPCI), talked about the organization’s methodology for building a distributed public ledger to enable Web3, on CoinGeek Backstage. He also shared his thoughts about the BSV Blockchain, and he talked about his role at NPCI.
Choudhari says that the NPCI is the sole organization responsible for keeping the country’s payment systems alive. It empowers people to transfer funds against viable charges across the country. Chaudhari revealed that as the chief of Indian Blockchain, he is responsible for building a distributed public infrastructure for India and making it available for Web 3.0 going forward. Presently, NPCI builds mobility payments leveraging Web 2.
Chaudhari pointed out the primary challenge in payments. Billions of people are involved in the system, and this colossal number makes it challenging to solve issues rapidly. The system requires a protocol to bring up new payment mechanisms for everyone – with or without access to infrastructure and updated technology. The best part is the organization strives to streamline everything, maintaining high throughput and low latency.
Chaudhari, however, couldn’t share detailed insight about BSV’s role in streamlining the national payments system. He said more search is required to understand BSV’s utility. However, Chaudhari agrees that BSV is a potent technology, and it gives a clear idea about the scaling methodology of Bitcoin.
