Leading the Blockchain Movement in India- Blockchain Community India (BCI) |
Posted: August 19, 2020 |
As the world around us is changing faster thanks to this pandemic our technologies are also improving to deliver faster and safer user experience. In this highly competitive and evolving era technologies like Blockchain and AI are making their mark on some of the most of the industries and hold impending advancements in the future.
Blockchain Community India (BCI) is one of the pioneering minds working on bringing more and more safety and effectiveness into using Blockchain and AI in businesses operations. BCI is an open source initiative which intends to transform the practices in major industries and make the business more secure and efficient. The BCI is currently partnering with around 11 businesses including education, health, finance, e-commerce, banking, utility etc.
A blockchain is, in the simplest of terms, a time-stamped series of immutable records of data that is managed by a cluster of computers not owned by any single entity. Each of these blocks of data (i.e. block) is secured and bound to each other using cryptographic principles (i.e. chain). One of the most fascinating things about blockchain is the system is most safest in the world as no central authority holds the complete data or no one can manipulate/ hack even a single data file.
With this idea it only makes sense to integrate blockchain and AI innovation to support businesses administrations particularly in the region of payment gateways. The BCI functions as a cooperative energy with both business psyches and technocrats who make the framework dynamic and more productive. Being an open source initiative the Blockchain Community India works on two major components. Firstly, they are building an open environment for building Blockchain and AI technology. The space is open to all techno enthusiasts to come and participate in the development and the free-flowing environment helps some great ideas to grow and bring advancements. The motive will always be to bring diversity and inclusion in the workings of the group.
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