• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Manifest Learning Academy
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Economy

National strategy on blockchain

February 26, 2021
in Economy
Reading Time: 2 mins read
0
National strategy on blockchain
529
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook
image_pdfMake PDF

About Blockchain Technology

  • Abstract Blockchain is an innovative distributed ledger Technology which was first introduced in the design and development of cryptocurrency, Bitcoin in 2009 by Satoshi Nakamoto. 
  • Blockchain is an amalgamation of various inventions, with a clear business value. 
  • Blockchain enables a shared ledger between the various parties involved in business transactions, which is going to act as a single source of truth. 
  • Blockchain eliminates the need for a central entity to validate the transactions. 
  • As it is based on peer-to-peer networks, all nodes would involve in validating the transactions rather than depending on a central entity. 
  • The data structure used in Blockchain Technology helps to maintain an unchangeable record of transactions in a time sequenced manner. 
  • So, Blockchain Technology improves transparency, immutability and efficiency aspects, which make it unique and potential to use in various application domains. 
  • Blockchain can be used in Permissioned and Permission less models. 
  • Permissioned model has applications in various domains such as healthcare, cyber security, Governance, media, logistics & hospitality, education, legal, energy, smart cities and so on. 
  • Globally and nationally various efforts are being made in implementing Blockchain based applications. 
  • PoCs and pilot deployments are successfully carried out. 

National level Strategy in Blockchain Technology

  • In order to reap the benefits of the technology, there is a need for National level Strategy in Blockchain Technology. 
  • This document provides an insight on the strategies for metamorphosing Indian Blockchain ecosystem to make India as one of the leading countries in terms of harnessing the benefits of this emerging technology 

Focusing on following aspects: 

Technological Aspects 

  • Evolving a National Blockchain Infrastructure for hosting regulatory sandbox that can be used for building and deploying Blockchain applications. 
  • Fostering Research & Development to solve challenges related to interoperability, faster development and security. 
  • Deploying Production Grade Applications of National interest focusing towards providing faster, secure, transparent and efficient delivery of services to the citizens. 
  • Awareness and Capacity Building to ramp-up technology insight across various stake-holders including students, practitioners, management / executives, decision makers and so on. 

 Administrative Aspects 

  • Implementing appropriate legal and regulatory architectures including formulation of standards. 
  • Formulating policies and incentive models for academic, start-ups and industry for promoting and adopting Blockchain technology.

image_pdfMake PDF
Source: meity.gov.in and PIB
Tags: PIBPrelims

Related Posts

World Economic Situation & Prospects report-2023

World Economic Situation & Prospects report-2023

February 3, 2023
What is a Unity mall?

What is a Unity mall?

February 2, 2023
High Net worth Individuals (HNIs)

High Net worth Individuals (HNIs)

February 2, 2023
SUMMARY OF THE INDIAN ECONOMIC SURVEY 2022-23

SUMMARY OF THE INDIAN ECONOMIC SURVEY 2022-23

February 1, 2023
XR Startup Program

XR Startup Program

January 31, 2023
What is short selling?

What is short selling?

January 28, 2023
The trade-plus-one(T+1) settlement plan

The trade-plus-one(T+1) settlement plan

January 27, 2023
SEBI’s information database on municipal bonds

SEBI’s information database on municipal bonds

January 25, 2023
Caller Name Presentation (CNAP) proposal by TRAI

Caller Name Presentation (CNAP) proposal by TRAI

January 20, 2023
Oxfam Report -‘Survival of the Richest’

Oxfam Report -‘Survival of the Richest’

January 19, 2023
Please login to join discussion

Our Offline Classroom Student

CONGRATULATIONS TO 2021 TOPPERS !!!

Rank 171 Kumar Shivashish
Rank 250 Sahithya
Rank 263 Sumit Kumar Thakur
Rank 311 Deepak Ramachandra Shet
Rank 455 Ravinandan B M

February 2023
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728 
« Jan    

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tags

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News News Paper Newspaper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tag

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News News Paper Newspaper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In