Business Standard

Wednesday, January 08, 2025 | 10:59 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Don't let doubts about blockchains close your mind

Prepare yourself for the new intellectual battlefield

IBM, blockchains,insurance companies,Cateina ,FinTech Report 2017 ,ICICI Prudential, HDFC Life, SBI Life, IDBI Federal Life, India First Life, MultiChain, bankchain
Premium

Insurance blockchain consortium awaiting nod to grow nationally

Tyler Cowen | Bloomberg
Many people, when they hear the word “blockchain,” think of Bitcoin and other cryptocurrencies. Yet there is another feature of the blockchain afoot, one which promises to bring a new and radical decentralisation to technology, including social media. Or as it was reported on Twitter: “Silicon Valley used to be a counterculture. It’s not anymore. It is the establishment. The crypto community is the new counterculture.”
 
The basic idea of a blockchain, in its purest form, is to set up a record-keeper and adjudicator that does not rely on any specific third party or outside institution. The details are complex,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in