The NITI Aayog (abbreviation for National Institution for Transforming India) is a plan think tank of the Government of India, developed to accomplish Lasting Advancement Objectives as well as to improve cooperative federalism by promoting the participation of State Federal governments of India in the economic policy-making procedure using a bottom-up strategy.
It was developed in 2015, by the NDA federal government, to change the Planning Commission which followed a top-down version. The Prime Minister is the Ex-officio chairman of NITI Aayog. The permanent members of the governing council are all the state Chief Ministers, along with the Chief Ministers of Delhi and Puducherry, the Lieutenant Governor of Andaman and also Nicobar, and a vice-chairman chosen by the Head of state. Furthermore, temporary members are selected from leading colleges and even research study establishments. These members include a chief executive officer, four ex-official participants, as well as two part-time participants.
NITI Aayog has taken the initiative on Blockchain uses in E-governance as well and has conceived the tech pile as ‘IndiaChain’. IndiaChain is the name offered to Niti Aayog’s ambitious task to develop a nation-wide blockchain network. “Artificial intelligence, machine learning, Internet of Things, blockchain and big data hold potential to take India to new heights” the Prime Minister Narendra Modi said at the world economic forum. The vision is to connect IndiaChain with IndiaStack, the electronic infrastructure that forms the foundation of the Aadhar project. The NITI Aayog’s effort on the blockchain system will certainly apply contracts quicker, protect against illegal deals, as well as assist farmers via the effective dispensation of aids. This project is the very first step to a more extensive system of record maintaining and also public goods disbursement.