Blockchain Technology — Mains Questions

Discuss the potential of blockchain technology to enhance transparency and accountability in public administration in India. What are the key challenges in its widespread adoption for e-governance initiatives?

Critically analyze the Reserve Bank of India's (RBI) stance on cryptocurrencies and its implications for financial innovation and regulation in India. How do Central Bank Digital Currencies (CBDCs) fit into this narrative?

Blockchain technology is often hailed as a solution for enhanced cybersecurity and data privacy. Evaluate this claim, highlighting both its strengths and inherent limitations in these domains.