PIB Daily

PIB Daily – 17th & 18th January 2020 – IASToppers

Blcokchain CoE; Blockchain technology; ‘Development Support Services to States for Infrastructure Projects (D3S-i)’ etc.
By IASToppers
January 18, 2020

Contents

Economy

  • MoU between NITI Aayog and Ladakh for Development of Infrastructure Projects

Science & Technology

  • India launches centre of excellence in blockchain technology
 
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Economy

MoU between NITI Aayog and Ladakh for Development of Infrastructure Projects

To promote the development of key infrastructure sectors in the newly constituted Union Territory of Ladakh, NITI Aayog entered into a memorandum of understanding (MoU) with the UT’s administration on 17 January 2020.

NITI Aayog and Ladakh Union Territory PIB Daily

  • Under this MoU, NITI Aayog will be supporting the UT’s administration through its key initiative ‘Development Support Services to States for Infrastructure Projects (D3S-i)’.

About Development Support Services for States/UTs (DSSS) for Infrastructure Projects

  • NITI Aayog has been implementing this initiative.
  • The vision of the initiative is to achieve transformational, sustained delivery of infrastructure projects with state of art capacity disseminated at all levels of governance.
  • The key objective behind the objective is creating PPP success stories and rebooting infrastructure project delivery models so a sustainable infrastructure creation cycle is established.
  • The DSSS Infrastructure initiative involves providing project level support from Concept plan till financial closure to State Governments / UTs. 
  • NITI Aayog has appointed M/s Ernst & Young LLP (EYLLP) as its consultant to formalize the initiative and to engage with states to identify a project shortlist and providing transaction management for implementing selected infrastructure projects on ground.
  • Phase I of the initiative was completed in FY 2018, wherein 10 projects were selected from out of over 400 projects received from States based on a multi-staged project selection framework based on certain selection criteria.
  • Phase II of the initiative was completed during 2018- 19 and the selected projects have progressed onto the transaction stage.
  • As part of Phase II, the project preparation activities and implementation planning were carried out.
  • Under DSSS Infrastructure, mandate for additional seven island projects was given to EY LLP (Consultant) for Phase III milestones. 
[Ref: PIB, NITI Aayog]

 

Science & Technology

India launches centre of excellence in blockchain technology

Recently, National Informatics Centre (NIC) set up the centre of excellence (CoE) in blockchain technology in Bengaluru, Karnataka.

Block-Chain-Technology

ABOUT THE BLCOKCHAIN COE

  • The centre aims to provide blockchain as a service and allow all stakeholders to benefit from shared learning, experiences, and resources.

THE BLCOKCHAIN COE

  • It was launched by Ministry of Electronics and Information Technology.
  • The centre will facilitate government departments to build proofs-of-concept for uses of blockchain technology in different dimensions of governance, which will lead to the large-scale deployment of tech-based applications. NIC provides a robust and agile infrastructure for that.
  • It will also provide blockchain as a service (BaaS) for the efficient hosting of blockchain networks.

ABOUT BLOCKCHAIN

  • Blockchain is a chain of blocks in which blocks comprises of digital information and chain is referred to the public database.

What are Blockchains

  • Blocks have three parts which are made up of digital information:
  1. Blocks store information about transactions like the date, time, and dollar amount of the most recent purchase.
  2. Blocks store information about who is participating in transactions.
  3. Blocks store information that distinguishesthem from other blocks. Each block stores a unique code called a “hash” that allows us to tell it apart from every other block.
  • A single block on the blockchain can actuallystore up to 1 MB of data.

HOW DOES IT WORK?

  • Blockchain consists of multiple blocks strung together. 
  • When a block stores new data it is added to the blockchain and when that new block is added to the blockchain, it becomes publicly available for anyone to view.
  • Anyone can view the contents of the blockchain, but users can also opt to connect their computers to the blockchain network.
  • The computer receives a copy of the blockchain that is updated automatically whenever a new block is added.
  • With blockchain, there isn’t a single, definitive account of events that can be manipulated. It means once a block is added to the blockchain it becomes very difficult to edit and impossible to delete.
  • Although transactions on the blockchain are not completely anonymous, personal information about users is limited to their digital signature or username.
[Ref: PIB]
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