Topic: Science and Technology- developments and their applications and effects in everyday life. Achievements of Indians in science & technology; indigenization of technology and developing new technology. Awareness in the fields of IT, Space, Computers, robotics, Nano-technology, bio-technology and issues relating to intellectual property rights.
5. Discuss the prospects and challenges posed by Blockchain technology; what opportunities does it have to offer to the social sectors in the country? Discuss. (250 words)
Why this question:
The question aims to ascertain the applications of Blockchain technology and its aid to social sector. National Informatics Centre (NIC) has set up the Centre of Excellence (CoE) in Blockchain Technology in Bengaluru, Karnataka.
Key demand of the question:
Discuss the significance of Blockchain technology and its application.
Discuss – This is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments.
Structure of the answer:
Briefly define Blockchain technology.
Blockchain technology is upcoming & niche technology and adoption of the same in sectors such as health, finance, agriculture and various other sectors would aid the government in implementing various programmes and provide trust and immutability to the assets.
Explain the applications of Blockchain technology, With National Informatics Centre (NIC) providing a robust and an agile infrastructure, the CoE shall also provide Blockchain as a Service (BaaS) for efficient hosting of Blockchain network.
Conclude with futuristic advantages of Blockchain Technology.