Blockchain Technology Centre of Excellence NIC Bengaluru

Centre of Excellence 'Blockchain Technology' Setup by NIC Bengaluru, India 

Union minister for law and justice, communications and electronics and information technology inaugurated the 'Centre of Excellence' in Blockchain Technology.

Blockchain Technology Centre of Excellence  NIC Bengaluru
What is Blockchain : Blockchain is a bitcoin block explorer service, as well as a 'cryptocurrency wallet' supporting bitcoin, Bitcoin Cash, and Ethereum. They also provide Bitcoin data charts, stats, and market information.

Bitcoin is known as a 'cryptocurrency' and the first decentralized digital currency.  It was launched as an open-source solution to work without a central repository or single administrator. 

Bitcoin transactions are transferred and saved using a distributed ledger on a shared network that is open, public and anonymous. Blockchain is the underlying technology that maintains the transaction ledger for Bitcoin transactions.

National Informatics Centre (NIC), is  a premier technology center and ICT solution provider to government, NIC introduce the latest technologies and services in government, be it the introduction of ICT in government, establishment of NICNET or National Knowledge Network (NKN), development of critical e-governance solutions and a host of other services required by the government.

NIC has set up a 'Centre of Excellence' (CoE) in Blockchain Technology in Bengaluru India, this will provide Blockchain service and allow stakeholders to benefit from shared learning, experiences and resources.

Blockchain technology is an up-coming  technology and it's adoption in sectors such as healthcare, finance, agriculture and various other sectors, will help the government to implement many programmers and provide trust and immutability to the assets.

The 'Centre of Excellence' (CoE) has developed Blockchain-based proof of concepts (PoCs) for select government use cases to understand potential benefits provided by this emerging technology. 

New and previously unforeseen applications of Blockchain in the government are expected to enhance transparency, tractability and trust in e-governance systems.
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