Noida: “Blockchain technology is most simply defined as a decentralised, distributed ledger that records the provenance of a digital asset. By inherent design, the data on a blockchain is unable to be modified, which makes it a legitimate disruptor for industries like payments, cybersecurity and healthcare,” said Dr. Sandeep Marwah inaugurating the seminar on Blockchain organised by International Chamber of Media and Entertainment Industry at Asian Business School at Noida.
“Blockchain, sometimes referred to as Distributed Ledger Technology (DLT), makes the history of any digital asset unalterable and transparent through the use of decentralisation and cryptographic hashing,” added Dr. Sadhic Muhammed Chancellor European Digital University from Dubai.
A blockchain is a database that stores encrypted blocks of data then chain them together to form a chronological single source of truth for the data,” expressed Viney Reddy Vice Chancellor of European Digital University from Hyderabad.
Digital assets are distributed instead of copied or transferred, creating an immutable record of an asset. The asset is decentralised, allowing full real time access and transparency to the public. A transparent ledger of changes preserves integrity of the document, which creates trust in the asset. Blockchain’s inherent security measures and public make it a prime technology for almost every single sector,” explained Dr. Neel Sawant Chairman Erium Coins and Exchange.
Later Dr. Lalitya Srivastava Director ABS presented life membership of International Business and Management Research Centre of Asian Business School to all the dignities present there.