What is blockchain technology and what are its advantages? Assess India’s global positioning in blockchain technology and identify hurdles which lag India behind and suggest suitable measures. (250 Words/ 15 Marks)

Source: https://www.livemint.com/Opinion/wNYS0WfLeUIDPcFddJL84K/The-importance-of-blockchain-for-India.html   Introduction: Blockchain, mostly known as the backbone technology behind Bitcoin, is one of the emerging technologies currently in the market attracting lot of attentions from enterprises, start-ups and media. “A Blockchain is a digital, immutable, distributed ledger that chronologically records transactions in near real time. The prerequisite for each subsequent transaction to … Continue reading What is blockchain technology and what are its advantages? Assess India’s global positioning in blockchain technology and identify hurdles which lag India behind and suggest suitable measures. (250 Words/ 15 Marks)