IIITM-K to Set Up First Blockchain Technology Academy in Kerala

Destination-Kerala-IIITMK-(1)

Thiruvananthapuram: After Bengaluru, Kerala will become the second state to get its own ‘Blockchain Academy’, which will spearhead research and innovations and impart technical consultancy in a cutting-edge technology that has been described as the most promising innovation since the Internet.

The Indian Institute of Information Technology and Management-Kerala (IIITM-K) will set up the unique Academy in association with the international learning and business development platform Blockchain Education Network (BEN). Dr. Rajasree M S, Director, IIITM-K made the announcement at a recent workshop on ‘Blockchain Technology’ held at Technopark here the other day.

The history of all transactions to ever occur is stored in the ledger as ‘blocks’ and distributed across the decentralised peer-to-peer network. All the validated transaction blocks are linked from the beginning of the chain to the most recent block. Hence, the term ‘blockchain’.

“Banking, healthcare, and governance are the three major avenues where blockchains will find applications,” pointed out Dr. Asharaf S, Associate Professor, IIITM-K, and the chief organiser of the event.

“Blockchain technology, which leverages the idea of a distributed and decentralised ledger, will open up new avenues – both in the software and hardware sectors,” said Prof. S Rajeev, Consultant, Maker Village, the electronics incubator funded by the Central and State Governments, and run by IIITM-K.

The workshop saw Dr. Dilip Krishnaswamy, Senior Research Scientist, IBM Research Labs, and Michael Gord of Blockchain Education Network (via videoconferencing) speak on the various opportunities and challenges in the realm of Blockchain technology. A panel discussion exploring upcoming ideas and challenges in Blockchains was also held.

Leave a Reply