News & Events
Perspective: Blockchain Technology
- August 22, 2022
- Posted by: Maya
- Category: Editorial
In this episode of the Perspective Prog. Based on ‘Blockchain Technology’. Blockchain is an innovative distributed ledger technology which was first introduced in the design and development of cryptocurrency, Bitcoin in 2009. Any tangible or intangible asset of value can be represented and tracked on a Blockchain network which brings transparency, increases processing speed and reduces cost. Globally and nationally, various efforts are being made towards implementing Blockchain based applications by carrying out Proof-of-concepts and pilot deployments. The National Strategy on Blockchain was released in December 2021 by Ministry of Electronics & Information Technology. This strategy document lays out overall vision towards development and implementation strategies for a National Blockchain Platform covering the technology stack, legal and regulatory framework, standards development, collaboration, human resource development and potential use cases.