Blockchain provides a tamper-proof immutable data storage system and transparency in digital applications.
Kerala will produce 20,000 blockchain professionals in the next two years, in what could be a major revolution in this emerging technology in India, according to a top official.
“The coming two years are crucial for us as we plan to produce 20,000 blockchain experts. The emphasis is on enhancing the quality of manpower steered by young startup companies,” State IT Secretary M. Sivasankar said at a two-day conclave ‘BlockHash LIVE 2019’, which began here on Thursday. “This is a great opportunity for us to build expertise in next-generation technology and knowledge sharing.”
Organized by the Kerala Blockchain Academy (KBA) in association with Allianz Technology, India, the event saw industry leaders making a strong case for leveraging the potential of blockchain technology for the public through capacity building and promoting research, development, and entrepreneurship.
“BlockHash LIVE has been a great learning platform for us. We use this platform to check what we have achieved, our learning and future footprint,” Mr. Sivasankar said.
Described as the most promising cutting-edge technological innovation after the Internet, blockchain provides a tamper-proof immutable data storage system and transparency in digital applications.
It has the potential to disrupt business domains such as cyber security, banking services, insurance, trade finance, and retail by performing quicker, secure and transparent transactions, he said.
Saji Gopinath, Director, Indian Institute of Information Technology and Management-Kerala (IIITM-K), emphasized the importance of bringing together blockchain experts across the world to discuss the business potential of this new-age technology.
Dignitaries at the inauguration spoke about the significance of blockchain in various industries in leveraging the technology for public good, and positioning Kerala as the country’s blockchain hub.