6) Explain the difference between public and private blockchain. Also discuss its application in digitalization of land records.
- April 13, 2018
- Posted by: INSIGHTS
- Category: INSIGHTS
Topic: Science and Technology- developments and their applications and effects in everyday life
6) Explain the difference between public and private blockchain. Also discuss its application in digitalization of land records. (250 Words)
Why this question:
Cryptocurrency has become a household name, so has the technology on which cryptos are based. Blockchain has diverse applications and its application in governance must be prepared well, for it is the technology of the future.
Key demand of the question:
The first part asks us simply to explain the difference. In the 2nd part, answer the way in which blockchain can be utilized in land modernization, why it will be such a radical step, the challenges and the way forward
Explain – Simply tell the difference
Discuss – Need to bring out multiple facets of the issue as discussed above
Structure of the answer
Introduction – Explain blockchain is brief
- Explain difference
- Explain application of block chain in land modernization
- The potential impact, this step might have
Conclusion – Mention that use of technology in governance is a sign of progress and nothing better to start off with than land modernization
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