blockchain technology Current Affairs, GK & News

NIC organizes Tech Conclave in New Delhi on “Technologies for NextGen Governance”

The National Informatics Centre (NIC) is to hold a 2-day technology Conclave in New Delhi. The event is to be conducted between January 21, 2020 and January 22, 2020. The Conclave is to be inaugurated by Union Minister Shri Ravi Shankar Prasad. Highlights The Technology Conclave will discuss application of Information and Communication Technology. The ..

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National Information Centre sets up Centre of Block Chain Technology in Bengaluru

On January 18, 2020, the National Informatics Centre (NIC) will set up block chain technology centre in Bengaluru. The centre is to be inaugurated by Union Minister Shri Ravi Shankar Prasad. Highlights The centre aims to provide Block Chain as service to all the stake holders who are interested in shared experiences, learning and resources. ..

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Infosys launches three block-chain powered distributed applications

Infosys announced the launch of three blockchain-powered distributed applications for government services, supply chain management and insurance domains. These applications are equipped with predictive return on investment (ROI) analytics for business investments that can be tailored to meet numerous industry-specific needs. Key Highlights These comprehensive applications are designed as ready-to-subscribe business networks, thus, they would ..

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What is Facebook’s Cryptocurrency ‘Libra’?

After months of speculations and rumours, Facebook has officially announced the details of its new global cryptocurrency called Libra. This Facebook owned cryptocurrency Libra will be launched by social media giant in 2020. LIBRA Explained The name Libra is a Roman unit of weight measure. Name is also tries to invoke a sense of financial ..

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Digital currency: Aber

The central banks of the UAE and Saudi Arabia will launch a common digital currency called Aber. Aber will be used for financial settlements between the two countries through Blockchains and Distributed Ledgers technologies. Benefits of the Digital Currency The digital currency would be launched to explore the following benefits: The digital currency would aid ..

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