The annual report from India’s Ministry of Dwelling Affairs (MHA) revealed that officers from numerous cybercrime and police departments had been skilled in cryptocurrency forensics and investigation in the course of the monetary yr 2022-23.
The MHA, or the Dwelling Ministry, highlighted that below the Narcotics Management Bureau (NCB) — India’s central legislation enforcement and intelligence company — 141 officers had been skilled on the investigations of darknet and cryptocurrencies, and different workshops associated to digital footprints and gathering Intelligence and proof from open supply and social media, to call a couple of.
Moreover, the Indian Cyber Crime Coordination Centre (I4C) skilled greater than 2800 cyber police officers in crypto forensics and investigations and different rising applied sciences like anonymization networks and investigating misuse of cell functions within the cyber house.
Whereas India prepares to deal with attainable crypto-related crimes amid better adoption, the nation continues to discover mainstream use instances in blockchain. India’s state-run oil and gasoline firm, Hindustan Petroleum (HPCL), not too long ago launched a blockchain system to allow automated verification of buy orders (POs).
HPCL partnered with the blockchain software program agency Zupple Labs to combine its blockchain-based digital credentialing expertise into the acquisition order system.
“The implementation helps to automate the verification of HPCL POs to exterior events,” a spokesperson for HPCL advised Cointelegraph. “This works by integrating the blockchain system with HPCL’s inside e-PO and generates tamper-evident verifiable POs,” the consultant famous.