Vishvasya-Blockchain Technology Stack:
The Government of India has launched the Vishvasya-Blockchain Technology Stack, offering Blockchain-as-a-Service (Baas) with geographically distributed infrastructure to support permissioned blockchain applications.
- Vishvasya offers Blockchain-as-a-Service (BaaS) using a distributed infrastructure to support permissioned blockchain applications.
- BaaS provides cloud-based tools for companies to build and manage blockchain apps.
- It is part of the National Blockchain Framework (NBF), which aims to utilize blockchain in areas like health, agriculture, and finance while addressing adoption challenges.
- Blockchain is a digital ledger technology where data (like transactions) is stored in “blocks” that are linked together in a chronological “chain.”
- Each block is securely encrypted, making the data tamper-proof.
- Example: Bitcoin, where blockchain tracks all transactions in a secure, decentralized way.
- Blockchain Technology Stack refers to the layers of technologies needed to build and operate a blockchain.
- It includes the infrastructure (servers, networks), core blockchain functionality (protocols, consensus mechanisms), smart contracts (automated, self-executing contracts), and APIs (tools to interact with the blockchain). Example: Ethereum’s technology stack enables decentralized apps and smart contracts.
Blockchain-as-a-Service (BaaS):
- It is a cloud-based service where third parties provide infrastructure and tools to build and use blockchain applications without needing to develop or maintain the blockchain themselves.
- Example: Microsoft Azure’s BaaS allows businesses to deploy blockchain applications quickly.
