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Blockchain Technology

  • April 1, 2022
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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Blockchain Technology

Subject: Science & Tech

Context- Gadchiroli uses blockchain caste certificates to deter forgery.

Concept-

  • Bengaluru-based LegitDoc is powering a Maharashtra government initiative to issue 65,000 blockchain caste certificates in Gadchiroli district, which has about 70 per cent tribal population.
  • The caste certificates are produced on blockchain to deter any forgery.
  • LegitDoc will cryptographically commit selective details of every caste certificate from the ‘MahaOnline’ portal on the polygon POS blockchain and generate a unique QR code.
  • These QR codes will consist of blockchain-proofs, which can be embedded on the certificate.
  • Anyone who wants to cross-check can go to the verification portal on the district website and scan the QR code. The verification process takes less than ten seconds.

About Blockchain:

  • Blockchain derives its name from the digital databases or ledgers where information is stored as “blocks’’ that are coupled together forming “chains”.
  • It offers a singular combination of permanent and tamper-evident record keeping, real-time transaction transparency and auditability.
  • A block is the “current” part of a blockchain which records some or all of the recent transactions, and once completed, goes into the blockchain as permanent database.
  • Each time a block gets completed, a new block is generated. Blocks are linked to each other (like a chain) in proper linear, chronological order with every block containing a hash of the previous block.
  • An exact copy of the blockchain is available to each of the multiple computers or users who are joined together in a network.
    • Any new information added or altered via a new block is to be vetted and approved by over half the total users.

Read More: https://optimizeias.com/blockchain-technology/

Blockchain Technology Science and tech
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