Blockchain bringing Paradigm Shift in Indian Governmental Society Functioning

  • Subodh Kesharwani Associate Professor, School of Management Studies, IGNOU, New Delhi, India,
  • Madhulika P. Sarkar Reader, SOMS, IGNOU
  • shailza Research Scholar, School of Management Studies, IGNOU, New Delhi, India,
Keywords: .

Abstract

We probably use algorithms in our routine life; the power of the algorithm comes from the fact that technology can follow the steps quickly and accurately. Blockchain is a new-age technological algorithm which has the power to disrupt many industries; very similar to how the Internet was in the early 1990s.
And we see countries and states around the world experimenting with that technology. Blockchain has achieved a strapping hold to be converted into a history altering technology that will prelude to a decentralized potential with real-world use cases. Blockchain is putting its whereabouts in emerging countries like India by track building the ecosystems, shaping the civilization, cater issues pertains to humanity, etc. with the help of government functionaries to shape the civilization. In 2019 it had been envisaged that blockchain technology will be adopted by more mainstream sectors. But the query remains unanswerable: “Are we at the height of a history shifting know-how that will coerce enormous social blow, or is blockchain the most up-to-date tech buzzword more smash than objects?”

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Published
2019-10-04
How to Cite
Subodh Kesharwani, Madhulika P. Sarkar, & shailza. (2019). Blockchain bringing Paradigm Shift in Indian Governmental Society Functioning. CYBERNOMICS, 1(2), 38-42. Retrieved from https://cybernomics.in/index.php/cnm/article/view/49