Banking service chronicle

Banking service chronicle

Banking service chronicle Monthly Magazine by bsc academy-subscribe Published this article page no  33 Social Impact The WEF believes that greater blockchain adoption will lead to opportunities to Blockchain technology  Blockchain is a series of data linked together. Every single transaction is linked to the chain using cryptographic principles in batches making blocks.  The blocks are connected to each other and have unique identifier codes (called hashes) that connect them to the previous and the subsequent blocks.  This forms a blockchain usually in the form of a continuous ledger of transactions. 61 have a social impact on the world at large in 2020. Hence it is necessary to provide a safe platform with defined rights for the users.  Financial sector Most of the banks and financial institutions are exploring blockchain technology such as Central Banks Digital Currency project which brought together 45 central banks to explore parameters for the successful deployment of a CBDC. These rights will help in alleviating the effects of frauds. (For more details on Blockchain refer Vision Current Affairs for the month of January) SECURITY ISSUES WITH AAROGYA SETU APP Why in news? Recently some experts have raised privacy and security concerns with the Aarogya Setu app launched by the Government of India. Concerns with app  Security issues Recently some individuals and groups on social media claimed that they were able to access information about people who were infected by coronavirus among other data points including people in sensitive offices like the PMO or Parliament. o The privacy policy of the app is silent on as to what security practices are being followed and what level of encryption is being used banking service chronicle monthly magazine buy. 

Banking service chronicle