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.
