NIC sets up ‘Centre of Excellence in Blockchain Technology’ in Bengaluru

News:The National Informatics Centre(NIC) will set up block chain technology centre in Bengaluru.

Facts:

About the Blockchain centre:

• The Centre aims to provide BlockChain as a service to all the stakeholders who are interested in shared experiences, learning and resources.
• It will also share its block chain-based proof of concepts with selected government entities.
• The centre will also act to help different wings of the government understand the potential of the technology.

Additional information:

About Blockchain:

• Blockchain is a digital, immutable, distributed ledger that chronologically records transactions in near real time.
• In simple words,it is interlinked and continuously expanding list of records stored securely across a number of interconnected systems.

About National Informatics Centre(NIC):

• The National Informatics Centre (NIC) is an institute set up by the Indian government in 1976 to drive its technology and e-governance initiatives in the country.
• The institute is part of the Indian Ministry of Electronics and Information Technology’s Department.
• The centre has been a premier technology advisor be it the introduction of ICT in Government, establishment of NICNET or National Knowledge Network(NKN).

About National Knowledge Network:

• It was established in 2010.Its objective is to interconnect all institutions of higher learning and research with a high-speed data communication network to facilitate knowledge sharing and collaborative research.
• National Informatics Centre (NIC), under the Ministry of Electronics and Information Technology, is the implementing agency.