Call Us Now

+91 9606900005 / 04

For Enquiry

legacyiasacademy@gmail.com

India Advances in Blockchain Technology with New Frameworks and Portals

Context:

The Ministry of Electronics and Information Technology (MeitY) has recently introduced the National Blockchain Framework (NBF) to enhance digital infrastructure across the nation. Alongside this, several key initiatives such as the Vishvasya-Blockchain Technology Stack, National Blockchain Framework Lite (NBFLite), Praamaanik, and the National Blockchain Portal were also launched. These platforms are designed to bolster blockchain’s integration into various sectors, promoting transparency, efficiency, and security in public and private operations.

Relevance:

GS III: Science and Technology

Dimensions of the Article:

  1. National Blockchain Framework Overview
  2. Blockchain as a Service (BaaS) Explained

National Blockchain Framework Overview

  • Purpose: The National Blockchain Framework (NBF) is an online platform created to enhance digital governance through blockchain technology, emphasizing transparency and trust in public services.
  • Initiatives Linked:
    • Vishvasya-Blockchain Technology Stack: Provides Blockchain-as-a-Service with geographically distributed support for various blockchain applications.
    • NBFLite: A blockchain sandbox designed for startups and academia to foster rapid prototyping and research.
    • Praamaanik: An innovative solution for verifying the origins of mobile apps.
    • National Blockchain Portal: Created to streamline access and integration with diverse blockchain resources.
  • Benefits:
    • Promotes security, trust, and transparency in citizen-centric services, aligning with governmental digital service delivery goals.
    • The Ministry of Electronics and Information Technology (MeitY) advocates for the expansion of NBF applications across different states and departments, encouraging the incorporation of new applications.
Challenges Addressed by NBF
  • Focuses on overcoming common issues such as the need for skilled labor to develop blockchain-based applications and challenges associated with security, interoperability, and performance.
Vishvasya-Blockchain Technology Stack Components
  • Infrastructure: Hosted across National Informatics Centre (NIC) Data Centers in Bhubaneswar, Pune, and Hyderabad.
  • Services Provided:
    • Basic blockchain operations.
    • Development and management of smart contracts and application interfaces.
    • Emphasizes data integrity and secure communications.
  • Development Support: Offers Blockchain as a Service (BaaS) to aid in the development and deployment of blockchain applications.

Blockchain as a Service (BaaS) Explained

  • Definition: BaaS is a third-party cloud-based service that supports companies in building and managing blockchain applications.
  • Advantages:
    • Simplification: Allows companies to develop and deploy blockchain applications swiftly without the need to manage intricate infrastructure.
    • Cost Efficiency: Facilitates economical and efficient blockchain usage, promoting secure and transparent innovation.
    • Flexibility and Scalability: Ensures the blockchain infrastructure is adaptable and scalable, catering to evolving application and user demands.

November 2024
MTWTFSS
 123
45678910
11121314151617
18192021222324
252627282930 
Categories

Register For a Free Online Counselling Session Now !

Welcome Pop Up
+91