Page 86 - Catalyst 3-#Why | Boosts you Invisibly
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In  similar  sense  ,  we  will  be  able  to  find  a   breaking  the  code  is  not  easy.  I  can
              mechanism                                          authenticate Anyone who joins my block.
              How to manage transfer of information and
              keep the transparency of the information or        Q.5  -  Right  now  ,  India  is  growing  really
              the transactions information secure because        Fast  in  the  technology  sector.  How  will
              some systems or server may get corrupt.            you  advise  to  apply  this  block  chain
              So we need mechanism to take back up and           technology in these sectors ?
              keep  it  intact,  or  we  may  lose  the
              information because there is no centralised        Ans - What is scenario of current situation in
              agency which is keeping track of it.               India?
              So  in  the  future  ,  we  need  to  think  about   Don’t  be  afraid  of  technology.  Technology
              ways to save the information                       can  be  put  to  positive  use  and  India  must
                                                                 use block chain technology in positive sense.
              Q.4 - How long will it take for block chain        Health care, smart cities , smart transactions,
              technology to affect any daily life?                smart  ledgers.  Some  of  these  things  are
                                                                 really going to be very useful.
              Ans - Any technology can be used in various        We need to learn it, master it and regularly
              ways. For example , internet. We can use it        use it. Crypto currency is one aspect of it and
              to get so much information but now there is        we are also trying our own versions of crypto
              so much of illegal stuff also.                      currency.
              Block  chain  is  a  wonderful  technology  and    Recently there was a conference on Lakshmi
              crypto  currency  can  be  one  of  the            coin. It is an Indian bitcoin. It’s going to have
              applications but we can really explore other       it’s  own  algorithm.  I  would  encourage  such
              options  ,  like  we  were  trying  to  use  block   measures  to  keep  the  positive  use  of  block
              chains  for  healthcare  applications  ,  and      chain and I think financial sector, healthcare
              there  was  a  talk  about  smart  homes  using    sector,  banking  sector  will  definitely  benefit
              block chain.                                       from block chain. Usually these days we are
              Youngsters  like  you  should  encourage           worried  about  hard  work  because  we  want
              people to understand how we can use these          the  easy  way  out  .  But  the  block  chain  ,
              block  chain  for  some  positive  change.  Like   crypto  currency,  coding  effectively,  keeping
              nuclear  energy  can  be  used  to  make  an       the  codes  safe  are  big  challenges  for
              atomic bomb and destroy the world or it can        youngsters .
              be used to generate power and help people.         We are shying away from that.
              While internet connects all of us and gives us     If we look at the ethical hacking community
              so many privileges, Internet also has its dark     in  India  ,  they  are  extremely  lower  than  In
              sides.                                             other  developing  countries.  We  are  far
              I  am  encouraging  children  to  take  up  block   behind countries like China or USA . We are
              chain  technology  because  it  is  all            ev e n  b e h i n d  s o m e  S o u t h  A f r i c a n
              cryptography, it’s all intelligence, it is all hard   countries.Unethical  hackers  would  be  more
              work.  You  need  to  really  focus  on  this.  We   in India!
              should  take  block  chain  in  various  positive   What  we  actually  are  shying  away  from  is
              areas  where  it  can  be  implemented,  major     hard work
              areas includes trust management , because          India  should  take  it  seriously,  youngsters
                                                                 should take it seriously.



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