Shine india monthly magazine

Shine india monthly magazine

Shine india monthly magazine  Published this article page no 36  Data Portability As with other record keeping systems once data is logged in one system transferring that data to a new system may be problematic.  Regulation Some technologies like the permissionless Bitcoin Blockchain bypass regulation completely to tackle inefficiencies in conventional intermediated payment networks. Another challenge of the Blockchain approach is that it reduces oversight. India is yet to implement clearly defined regulations on blockchain technology.  Lack of awareness high cost and limited availability of skilled workforce is also a major impediment in the development of blockchain technology.  51% attack It refers to malicious users or a group of users taking control of more than 50% of the networks mining power. This enables them to recreate the blockchain thereby altering previous transactions and broadcasting to blockchain users that the attackers chain is valid. As it would be the longest chain other users may automatically accept it even though it was illegitimate. Government Steps  Ministry of Electronics and Information Technology (MeitY) has supported a multi institutional project titled Distributed Centre of Excellence in Blockchain Technology with CDAC IDRBT and VJTI as executing agencies. Objectives of this initiative are o Evolving an ecosystem around R&D organizations Government departments and Academia to foster Blockchain technology o Design development and pilot deployment  prototyping of Blockchain based applications in the domains of Governance Banking & Finance and Cyber Security o Conduct research to address the issues and challenges related to Blockchain usage in identified application domains o Evolving Blockchain framework using opensource implementations to suite the identified application domain requirements o Capacity building in Blockchain technology Shine india monthly magazine  buy. 

Shine india monthly magazine