India, as the current chair of the BRICS nations, has proposed the establishment of a "BRICS Digital Currency Connectivity" system. This initiative aims to create a blockchain-based cross-border settlement network that bypasses the US dollar and directly links the payment systems of BRICS countries. Rather than introducing a new "BRICS currency," the proposal focuses on developing an interoperable platform or settlement bridge. This system is expected to be built on a permissioned blockchain architecture, with central banks of the member countries acting as validating nodes to maintain a distributed ledger, enhancing cross-border settlement efficiency and transparency while respecting sovereign control.