BlockChain technology Flashcards

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1
Q

Define Blockchain

A

Decentralized public ledger, store data in blocks linked with a chain

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2
Q

BlockChain Diagram

A
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3
Q

Advantages

A

Accountability, Transparency, Efficiency in Governance

Decentralisation- reducing manipulation

Immutability

Security using encrypted algorithms

Innovation

Cross Border payments, Logistics, Election voting

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4
Q

Disadvantages

A

Scalability
Energy consumption

Illicit activities

Irreversible

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5
Q

Recent government Initiatives

A

National Blockchain Portal

Vishvasya - Blockchain technology stack

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6
Q

What is the name of India’s Blockchain technology stack

A

Vishvasya

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7
Q

What is Vishvasya?

A

India’s Blockchain technology stack

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8
Q

Goal of Vishvasya tech stack

A

Offer Blockchain-as-service with geographically distributed infrastructure

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9
Q

Which tech stack is offering Blockchain-as-service with geographically distributed infrastructure

A

Vishvasya

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10
Q

5 keywords related to BlockChain in Governance

A

Accountability, Transparency, Efficiency,

Decentalization,

Citizen centric

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