Flat 70% Discount On Pendrive / Android Courses, Valid Till 29th Feb'20 Call On : 9354229384, 9315859773, 9354252518, 9999830584

Current Affairs

Kerala to train blockchain experts

Date: 14 December 2019 Tags: IT, Mobile & Computers

Issue

The Kerala State Development and Innovation Strategic Council has launched the Accelerated Blockchain Competency Development Programme for students.

The idea is to provide them with an early advantage and position the State as the largest supplier of Blockchain technologists in the country.

 

Background

The council  has set a target of producing 25,000 Blockchain technologists in three years. It is expected that over 5,000 certified students can be trained in the first 12 months.

 

Details

  • The programme is open for diploma holders, graduates and graduating students with engineering or science backgrounds. Through an online outreach, the programme has been extended to working professionals as well.

  • The Blockchain training programme has three modules – Blockchain Associate , Blockchain Developer and Blockchain Architect .

  • The entrance test will be held in July and the classes will begin in August. Students will be required to complete the full-stack certification with certain grades to qualify for the training programme.

  • The programme offers two-part certification wherein participants obtain a foundation skills certificate in full-stack and intermediate level skills.

Blockchain technology

  • Blockchain technology is defined as a decentralized, distributed ledger that records the provenance of a digital asset. A blockchain, is a growing list of records, called blocks, that are linked using cryptography.

  • Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is resistant to modification of the data.

 

Applications

  • Banking

Avoid risk of payment losses involved in banking transactions by adopting secure distributed ledger platform. Reduces transactions fee across cross-borders, corporate payments and remittances.

  • Real Estate

Decentralized ledger platform helps to connect potential buyers with sellers. Helps to analyse the authenticity of ownership transfers, rental agreements and smart contracting through land registry management system.

  • Insurance

Transforms the way the insurance documents, claim settlements and fraud handling's are carried out. It allows the creation of transparent, secure, decentralized and immutable insurance network.

  • Healthcare

Establishes a secure chain of network to handle patient records, consent forms, billings and public health monitoring.

  • Automotive

Solves challenges in automotive manufacturing, car deliveries, billings and helps in the creation of an after sales support ecosystem to keep track of the maintenance record of vehicle owners.

 

Advantages

  • The blockchain technology allows for verification without having to be dependent on third-parties.

  • The data structure in a blockchain is append-only. So, the data cannot be altered or deleted.

  • The transactions are recorded in chronological order. Thus, all the blocks in the blockchain are time stamped.

  • The ledger is distributed across every single node in the blockchain who are the participants. So, it is distributed.

  • The transactions that take place are transparent. The individuals who are provided authority can view the transaction.

  • The origin of any ledger can be tracked along the chain to its point of origin.

  • Since various consensus protocols are needed to validate the entry, it removes the risk of duplicate entry or fraud.