Business Standard
What is a Blockchain Technology?

Blockchain Technology

About Blockchain Technology

What is a Blockchain Technology?

In the past few years, you must have seen topics such as blockchain and cryptocurrency trend on the internet a lot. It is believed that these two terms are poised to revolutionise information technology and banking as we know them.
 

What is blockchain technology?

Also referred to as Distributed Ledger Technology (DLT), blockchain is a system which helps in recording information. The information is recorded in such a way that it makes it difficult for anyone to hack or cheat the system. The technology makes the system transparent and unchangeable.

The system is basically a digital ledger of transactions that is distributed
...
Read More

Latest Updates on Blockchain Technology

NFT startup Tegro raises seed funding from Polygon at valuation of $100 mn

In a press release, the company said that the Tegro exchange enables bulk trading of non-fungible tokens (NFTs) across Ethereum, Polygon, and other EVM-compatible chains

Image
Updated On : 26 Jun 2023 | 11:37 AM IST

Tata Elxsi to use blockchain to monitor driver behaviour; partners Cultos

Tata Elxsi's collaboration with Cultos Global is aimed at creating an innovative Driver Reward Program

Image
Updated On : 02 Jun 2023 | 9:56 AM IST

Crypto wrap: Market continues to recover as total cap nears $1 trillion

There was a blip in the market on Thursday after the US agencies arrested the founder of Hong Kong-based crypto exchange Bitzlato, but it recovered on Friday

Image
Updated On : 20 Jan 2023 | 5:47 PM IST

Cryptocurrency winter wipes out over 70,000 Bitcoin millionaires in 2022

Crypto winter wiped over 70,000 Bitcoin millionaires in 2022, as the recent volatility experienced by top cryptocurrency resulted in millionaire holders suffering significant losses, a report showed

Image
Updated On : 03 Jan 2023 | 9:54 PM IST

Costs and benefits

Cryptos are speculative but underlying tech has merits

Image
Updated On : 22 Dec 2022 | 10:58 PM IST

Flipkart, Polygon partner to speed up Web3 & Metaverse e-commerce use-cases

To set up Blockchain-e-commerce Centre of Excellence towards this end

Image
Updated On : 02 Dec 2022 | 8:47 PM IST

Explained: How 'Digi Yatra' reads one's face as the boarding pass

At the launch, Scindia said Digi Yatra will be one of the most efficient systems in the world

Image
Updated On : 01 Dec 2022 | 10:32 PM IST

Volume IconWhat is India Stack?

The next generation of devices and products, like India Stack, are being designed in India. But ever wondered what exactly is India Stack? Here's an insight into this platform

Image
Updated On : 25 Nov 2022 | 12:16 PM IST

Balaji Srinivasan invests unknown sum in blockchain start-up Permissionless

Company to use the funds to scale the number of contributors on the platform, create more integrated productivity tools for borderless and asynchronous work

Image
Updated On : 15 Nov 2022 | 5:31 PM IST

Crypto meltdown

FTX underlines the risk of unregulated markets

Image
Updated On : 14 Nov 2022 | 10:38 PM IST

Crypto hacked again in $100 million theft of Binance-backed blockchain

An exploit occurred on a bridge between blockchains and the issue is "contained now," Changpeng "CZ" Zhao, billionaire co-founder of Binance, the world's biggest crypto exchange, said on Twitter

Image
Updated On : 07 Oct 2022 | 9:58 PM IST

More than 12,000 crypto coins become zombies in market slump: Report

Most blockchain projects are built around bespoke digital coins, which often function as user rewards and compensate developers for their woring them inck, giventive to stay involved

Image
Updated On : 03 Oct 2022 | 5:13 PM IST

Six months on, crypto tax leading to siphoning of India's wealth: Experts

The crypto industry is largely unregulated in India, and the central government, along with the Reserve Bank of India (RBI), have repeatedly refused to make cryptocurrencies legal

Image
Updated On : 30 Sep 2022 | 5:54 PM IST

WazirX co-founder raising up to $20 mn for new blockchain venture: Report

Nischal Shetty's new venture Shardeum aims to solve the existing shortcomings of Blockchains, such as Ethereum, including low scalability, high fees, and low throughput.

Image
Updated On : 23 Aug 2022 | 5:01 PM IST

India needs to have progressive regulation for crypto assets: Experts

Blockchain technology is needed and can be used in governance, they say

Image
Updated On : 25 Jul 2022 | 10:15 PM IST

Blockchain-based DeFi platforms need scrutiny, experts warn investors

As cryptocurrencies nosedive, investors of DeFi (decentralised finance) platforms need to exercise "caution and scrutiny" amid growing concerns about certain type of cryptocurrencies, warn experts

Image
Updated On : 13 Jun 2022 | 4:12 PM IST

Maharashtra govt starts using blockchain for caste certificate validation

Caste certificate validation currently involves a lot of manual intervention and is prone to frauds and forgery, officials said

Image
Updated On : 07 Apr 2022 | 11:53 PM IST

MeitY proposes national blockchain strategy for adoption across sectors

Suggesting a multi-institutional model for architecting the NBF, MeitY has said organisations must be identified along with their roles and responsibilities.

Image
Updated On : 04 Dec 2021 | 2:05 AM IST

Volume IconInvesting in cryptocurrencies, NFT? Soon, you may have to pay 18% GST

While regulatory uncertainty around cryptocurrencies continues, the tax department might be getting ready to tap into this new area. Here's what crypto and NFT investors need to know about taxation

Image
Updated On : 10 Nov 2021 | 8:15 AM IST

Volume IconTMS, Ep 37: 5 years of since demonetisation, Form 26AS, and blockchain tech

What do key indicators tell us about the Indian economy 5 years after demonetisation? How will tweaked Form 26AS make tax evasion harder? What is blockchain technology? Get all the answers here

Image
Updated On : 08 Nov 2021 | 8:00 AM IST