Opinion: India may lag behind U.S. and China in blockchain innovation next year

Nitin Sharma, founder of Incrypt Blockchain, said that India may lag behind U.S. and Chinese companies in blockchain innovation next year, because regulators only focus on "a certain part of blockchain technology-distributed ledger systems" It's not (focused on) some other decentralized system like smart contracts, so innovation won't be as fast as in countries that allow experiments in this area.
Sharma added that India's blockchain developers or entrepreneurs lacked access to truly cutting-edge decentralized, distributed systems and cryptographic jobs.