A new Centre of Excellence (CoE) for Blockchain Technology in Bangalore 

A new Centre of Excellence (CoE) for Blockchain Technology in Bangalore 

In news:

• A new Centre of Excellence (CoE) for Blockchain Technology, which will strive to adapt emerging technology to create e-governance solutions is established in Bangalore 
• The CoE by National Informatics Centre (NIC) is the third such centre, following CoE for Data Analytics and Artificial Intelligence.

From Prelims Point of View:

Blockchain Technology:

• Blockchains are a new data structure that is secure, cryptography-based, and distributed across a network.
• The technology supports cryptocurrencies such as Bitcoin, and the transfer of any data or digital asset.
• Spearheaded by Bitcoin, blockchains achieve consensus among distributed nodes, allowing the transfer of digital goods without the need for centralized authorisation of transactions.

National Informatics Centre (NIC):

• National Informatics Centre (NIC under Ministry of Electronics and Information Technology (MeitY), Government of India. 
• NIC provides infrastructure to help support delivery of Government IT services and delivery of some of the initiatives of Digital India.