Shine india monthly magazine

Shine india monthly magazine 

Shine india monthly magazine Published this article page no  32 BLOCKCHAIN TECHNOLOGY Why in news? National Informatics Centre (NIC) has set up the Centre of Excellence (CoE) in Blockchain Technology in Bengaluru Karnataka. More on news  It aims to provide Blockchain as a service and allowing all stakeholders to benefit from shared learning experiences and resources.  It will facilitate the Government Departments in building proof of concepts for use of Blockchain technology in different dimensions of governance leading to large scale deployment of some such applications.  New and previously unforeseen applications of Blockchain in the Government are expected to enhance transparency traceability and trust in egovernance systems. About Blockchain technology  A blockchain is a specific type of data structure which can be used to transact across nodes or participants. The ownership rights are recorded in cryptographically stored and linked blocks which contain records of ownership of assets among the participants that can remain anonymous.  Blockchains are open distributed ledger that can chronologically record transactions between two parties efficiently in near real time.  The prerequisite for each subsequent transaction to be added to the ledger is the respective consensus of the network participants (called nodes) thereby creating a continuous mechanism of control regarding manipulation errors and data quality.  The blockchain technology generally has key characteristics of decentralization persistency anonymity and auditability. With these traits blockchain can greatly save the cost and improve the efficiency Shine india monthly magazine buy.

Shine india monthly magazine