Blockchain @ Safeguarding Trust……It application in LIS & other areas
The most basic simplistic definition of Blockchain technology takes off right here. It's a distributed ledger technology that stores information across multiple systems in a secured manner to enable peer-to-peer transactions based on a trustworthy source.
Hacker life turn out to be hard @ Blockchain
The fundamental attribute of blockchain, which makes it so powerful, is immutability. If one can imagine a universal ledger in the cloud which is shared by those who have the rights to access. Any entry in the ledger gets added in the form of an additional block which has to be authenticated by all participants. That's why it's so difficult if not downright impossible for hackers to break through the entire chain to get consensus from all participants.
Blockchain Application @ Indian Scenario
· Banking @ KYC Details
· Title Dispute @ Land Records
· Aggrotech Application @ Traceability right needs can be addressed
Blockchain Application @ LIS (As suggested by me)
· Big Data @ Library
· Institutional Repository & Digital Library @ Library
· Online Resource Authentication Access @ Library
· Digital Right Management (DRM) @ Library
· Copyright & Plagiarism
Government Take @ Blockchain
For instance, the RBI has maintained a cautionary approach dating back to December 2013 and through its more recent ban (April '18 Circular) on "virtual currency" they have maintained status quo.
It is of critical importance we get the message across, that despite the ban - we hope it's a temporary one - blockchain technology can still be used to bring about disruptive change which is no less than the second coming of the internet even.
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Regards
Mr. Pralhad Jadhav
Master of Library & Information Science (NET Qualified)
Research Scholar (IGNOU)
Senior Manager @ Knowledge Repository
Khaitan & Co
Twitter Handle | @Pralhad161978
Mobile @ 9665911593
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