Blockchain
Tamper-proof Signalling System
The Indian Institute of Technology, Kharagpur, is making significant strides in ensuring the safety and efficiency of train operations for the Indian Railways. By leveraging the power of blockchain technology, researchers from the Electrical and Electronics Engineering (EEE) stream are ..
Month: Current Affairs - July, 2023
Category: Science & Technology Current Affairs
HARBINGER 2023: RBI announces 2nd global hackathon
The Reserve Bank of India recently announced the “HARBINGER-2023”. It is a hackathon. The theme of the hackathon is “Inclusive Digital Services”. Competitors from 22 different countries will participate in the hackathon. This includes Israel, the Philippines, Singapore, Sweden, the ..
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs
“The Merge” of the Ethereum
Ethereum – the world’s second largest blockchain – has transitioned from the legacy “proof-of-work” to a “proof-of-stake” consensus mechanism. Key facts The Ethereum Merge is an upgrade that changes how new crypto transactions take place on the blockchain. The Ethereum ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs • Science & Technology Current Affairs
Norway’s central bank digital currency
Norway’s central bank – Norges Bank – recently hit a major milestone in its digital currency development efforts by releasing the open source code for the country’s CBDC sandbox based on the Ethereum technology. Key facts Norway’s CBDC sandbox, which ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs • International / World Current Affairs
What is a Deccahorn?
Deccahorns are private firms whose value exceeded over ten billion USD. Recently Swiggy has become the fourth Indian company to earn the tag. The other three companies that hold the tag already are Paytm, a FinTech, Oyo (a hotel aggregator) ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs
Blockchain technology in Rashtriya Bal Puraskar
Recently, 61 winners of the Pradhan Mantri Rashtriya Bal Puraskar (PMRBP) 2021 and 2022 got digital certificates, that use blockchain-driven technology. Highlights The blockchain-driven technology has been developed under the “National Blockchain Project”, by Indian Institute of Technology Kanpur (IIT ..
Month: Current Affairs - January, 2022
Category: Awards, Honours & Persons in News • Science & Technology Current Affairs
National Blockchain Strategy
The National Blockchain Strategy was recently proposed by the Ministry of Electronics and IT. The strategy has adopted multi – institutional approach. It involves NIC (National Informatics Centre), C – DAC (Centre for Development of Advanced Computing) and NICSI (National ..
Month: Current Affairs - December, 2021
What is NFT Marketplace?
The WazirX, one of the leading cryptocurrency exchanges has recently launched India’s first market place for NFT. NFT is Non-Fungible Tokens. The launch will now allow Indian creators to place their digital assets (such as images or videos, music, etc) ..