• UGI USER
  • Sep 05, 2024
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INDIA LAUNCHES VISHVASYA BLOCKCHAIN STACK FOR SECURE DIGITAL SERVICES

Why in the news?

The government launched Vishvasya, a blockchain platform, to enhance digital trust, transparency, and security across citizen services with distributed infrastructure and innovative applications like NBFLite and Pramanik.

source:pib

Highlights of the Government Launched Vishvasya-Blockchain Technology Stack:

  • Vishvasya-Blockchain Technology Stack launched by MeitY to offer Blockchain-as-a-Service (BaaS) with geographically distributed infrastructure.
  • Platforms launched include NBFLite, Praamaanik, and National Blockchain Portal.
  • Aims to enhance security, trust, and transparency for citizen-centric applications.

National Blockchain Framework (NBF) for Digital Trust:

  • NBF promotes research and development of transparent, secure digital services.
  • The framework includes a distributed infrastructure, core functionality, smart contracts, and API gateways.
  • Deployed across NIC data centres in Bhubaneswar, Pune, and Hyderabad, supporting two permissioned Blockchain platforms.
Key Facts about Vishvasya Blockchain Stack:

Vishvasya Blockchain Stack: Offers Blockchain-as-a-Service (BaaS) for developing and deploying blockchain applications with tamper-resistant storage and security.

Stakeholders Served: Supports infrastructure providers, smart contract developers, and application developers with tools like a setup wizard, templates, and APIs.

NBFLite and Praamaanik: NBFLite aids startups in rapid prototyping, while Praamaanik ensures mobile app authenticity using blockchain.

National Blockchain Portal: Provides updates on blockchain trends, news, training, and events. Integrated with AI chatbot for user queries.

What is Blockchain technology?

  • Blockchain technology creates a chain of blocks storing digital information in a public database.
  • It operates as a distributed database across multiple computers simultaneously.
  • New blocks are constantly added, expanding the chain.
  • Blockchain offers strong security and processing benefits.
  • It has potential applications in various fields.

Associated Article:

https://universalinstitutions.com/national-level-faculty-development-program-on-blockchain-technology-analysis-and-impact/