<b>Mrutyunjay Mahapatra:</b> Blockchain: Ready to embrace, Indian banks?

Despite immense possibilities of technology, it is not expected to go viral in India for some time

When I first heard of blockchain, I did not know whether it was a “block of chains” or a “chain of blocks”. “Block” in blockchain, I understand now, is a group, connected in a well-defined way, publishing and populating information uniformly and simultaneously at all the blocks. And “chain” is a multi-form connector that has its own intelligence as well as originality. Blockchain originated as a ledger for bitcoins, or the currency for the digital and virtual world. Any currency requires universal recognition of its value and location and features that cannot be replicated. Counterfeiting must be recognisable using easy