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National Blockchain Framework- Strenghtening Governance

created Saturday November 15, 06:32 by Piyush Dixit


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167 words
46 completed
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Emerging from its early association with cryptocurrencies, Blockchain technology has evolved into one of the most transformative digital innovations of the 21st century. Unlike technologies such as Artificial Intelligence (AI), which derive their strength from computational power, blockchain's value lies in its ability to establish verifiable trust without intermediaries. India's current governance systems often rely on centralized databases, which can be prone to errors, fraud, and lack of transparency. Blockchain technology addresses these challenges through its tamper-resistant, distributed ledger system, where records are securely maintained across multiple nodes. This design makes unauthorized modifications virtually impossible and significantly enhances data integrity and trust. Recognizing its vast potential, the Ministry of Electronics and Information Technology (MeitY) has developed the National Blockchain Framework (NBF) to provide a unified architecture for deploying blockchain solutions across various sectors. The NBF aims to guide the integration of blockchain into public service delivery, ensuring greater transparency, accountability, and efficiency. Blockchain's foundational strengths transparency, immutability, decentralization, and trust are central to the National Blockchain Framework.

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