Computer Science students attend expert talk on Blockchain, its applications

Computer Society of India (CSI) Student Chapter, under the aegis of Department of Computer Applications, Chitkara University, organised an Expert Talk on ‘Blockchain’ on March 16, 2019.

The Keynote speaker Dr. Mayank Aggarwal, Associate Professor & HOD at Department of Engineering & Technology, Gurukul Kangri University, Haridwar; spoke about ‘Blockchain and its applications’. He also gave an insight into the new technological trends like Big Data, Fog Computing, Hyperledger in Blockchain.

The technology at the heart of bitcoin and other virtual currencies, Blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. With Blockchain, we can imagine a world in which contracts are embedded in digital code and stored in transparent, shared databases, where they are protected from deletion, tampering, and revision. In this world, every agreement, every process, every task, and every payment would have a digital record and signature that could be identified, validated, stored, and shared. Intermediaries like lawyers, brokers, and bankers might no longer be necessary. Individuals, organisations, machines, and algorithms would freely transact and interact with one another with little friction. This is the immense potential of Blockchain.