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Need for Indian Government to emphasise blockchain education initiative

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Tapang Sanggar

The term blockchain was out of common usage a few years ago, but it is now the talk of the town due to its application to the financial ecosystem. But its impact extends beyond the financial sector. Being decentralized and immutable, blockchain can find applications in healthcare, defense, infrastructure, and education.

Blockchain education: key to economic growth

Blockchain technology is making waves as one of the most disruptive and promising technologies of our time. Most people have associated it with the dawn of the dotcom era. The dot-com era revolutionized the way businesses operate and created a multi-billion dollar industry. This analogy directly invokes the need to accelerate deeper research into this revolutionary new technology.

Blockchain education can be delivered in multiple ways. Educational curricula can accommodate subjects that teach students about blockchain in schools and higher education institutions. The central government may introduce blockchain education into the National Education Policy (NEP). Special courses can also be curated at universities/institutions to teach people how to create and implement blockchain.

Companies developing blockchain technology, and even those adopting it, can launch initiatives to educate and educate the public about blockchain, its uses, and its potential. I can do it. Governments should also focus on creating legal provisions for cybercrime, smart contracts, etc.

Why Do We Need Blockchain Education?

Blockchain education is essential to achieving financial freedom and personal wealth growth. To understand the importance of blockchain education, we must first understand the technology itself and how it works.

The most basic description of this modern technology is that it is a distributed ledger that can store data incrementally, but the stored data cannot be modified or altered. The decentralized nature of blockchain makes the ecosystem anti-fraud and transparent. Additionally, blockchain networks are supported by globally distributed computers, rather than the traditional approach of a central server supporting the network.

In today’s world, blockchain technology is revolutionizing every aspect of human life. Artificial intelligence, the advent of the Internet of Things (IoT), the availability of cheap computing, and global internet services have enabled highly granular processes and applications, from financial transactions and election voting to academic teaching and testimony. can bring innovation to .

Why is blockchain the future?

Blockchain education produces more skilled blockchain professionals, leading to secondary benefits of blockchain education such as job creation. It offers a creative approach to storing information, conducting transactions, performing tasks, and building trust.

Blockchain also benefits education by increasing transparency, improving accountability through smart contracts, and encouraging learning. For example, blockchain immutable ledger technology drafts a chronological list of events that occur in real time. This unique property helps track student academic and career trajectories.

Global spending on blockchain technology is expected to grow by more than $14 billion by 2023, according to the International Data Corporation (IDC).

The Ministry of Electronics and Information Technology (MeitY) has released a “National Strategy on Blockchain” to enable trusted digital platforms to create a blockchain framework for developing applications based on this latest technology. It’s movement.

How can business organizations help?

Organizations can initiate and promote apprenticeship and internship programs to advance the state of blockchain education. We also feel an urgent need to initiate legal blockchain education initiatives to remove roadblocks in the field of distributed ledger technology. There are also significant gaps in the area of ​​blockchain regulatory compliance. We feel organizations need to start focusing on this neglected area that has the potential to leapfrog the blockchain space.

Author is Founder, Chief, Evangelist, P2E Pro. Views are personal.

Also read: UOLO Appoints Former Amazon’s Anshu Sharma as CTO

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