Blockchain, a decentralized and transparent ledger, is set to empower India’s growth in unprecedented ways by fostering transparency, security and traceability across various sectors, including financial transactions, supply chain management, healthcare, and governance.
Recognizing its transformative potential, the Government of India is actively working towards building a national-level infrastructure for blockchain and has set an ambitious target of enabling ‘Make in India’ blockchain technology for global use within the next five years.
Blockchain maintains a decentralized and distributed ledger where all transactions are recorded in a transparent and immutable manner. Once a transaction is recorded on the blockchain, it cannot be altered or deleted.
No single entity has control over the entire network. Transactions are verified and validated by multiple participants through consensus mechanisms, reducing the risk of fraudulent or malicious activities.
Blockchain utilizes cryptographic techniques to secure and validate data. Each transaction on the blockchain is linked to the previous transaction through cryptographic hashes, forming a chain of blocks. Any change in a single block would require the alteration of all subsequent blocks, making it computationally infeasible to tamper with the data.
Blockchain maintains a decentralized and distributed ledger where all transactions are recorded in a transparent and immutable manner. Once a transaction is recorded on the blockchain, it cannot be altered or deleted.
No single entity has control over the entire network. Transactions are verified and validated by multiple participants through consensus mechanisms, reducing the risk of fraudulent or malicious activities.
Blockchain utilizes cryptographic techniques to secure and validate data. Each transaction on the blockchain is linked to the previous transaction through cryptographic hashes, forming a chain of blocks. Any change in a single block would require the alteration of all subsequent blocks, making it computationally infeasible to tamper with the data.
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