The National Blockchain Framework (NBF) was introduced by the Union government on September 4 in an effort to increase openness and confidence in digital services. The program, which is headed by the Ministry of Electronics and Information Technology (MeitY), is to foster the development of decentralized services and safe citizen-centric apps using blockchain technology.
The National Blockchain Framework: What is it?
A government initiative called the National Blockchain Framework uses blockchain technology to create a reliable digital environment. NBF uses permissioned blockchains, which are networks where only authorized users can view and validate transactions, in contrast to public blockchains like Bitcoin or Ethereum.
NBFLite, a sandbox platform designed specifically for entrepreneurs and academic institutions, is one of the NBF’s features. The goal of NBFLite is to foster innovation without requiring significant infrastructure investment by enabling users to design and test blockchain-based apps in a regulated setting.
Future developers will be able to train on the platform as well.
In the framework, what function does Praamaanik serve?
Another essential component of the NBF is Praamaanik, a blockchain-based solution designed to guarantee the legitimacy of mobile apps. This was implemented in response to the proliferation of fraudulent applications that provide security threats.
Praamaanik will give developers and users a transparent and safe way to authenticate apps by enabling them to check their blockchain origins.
What impact will this paradigm have on Indian governance?
According to the government, blockchain technology has the potential to revolutionize public service delivery by increasing accountability and transparency.
The NBF will be essential in fostering digital trust and guaranteeing the security and dependability of government services, according to S Krishnan, secretary of MeitY.
