Blockchain technology boost economic recovery: WEF
Part of: GS-III- S&T (PT-MAINS-PERSONALITY TEST)
The WEF said crises such as the coronavirus pandemic dramatically increase pressure on governments and businesses to maintain resilient supply chains. Blockchain technology can help tackle supply chain failures exposed by the coronavirus (COVID-19) pandemic and also boost the economic recovery process, the World Economic Forum (WEF).
Releasing a ‘blockchain deployment toolkit
In blockchain voting, leave out the general election
Context:
The Election Commission of India has for a while now been toying with the idea of further digitising the electoral infrastructure of the country.
In furtherance of this, the Election Commission had, held an online conference in collaboration with the Tamil Nadu e-Governance Agency (“TNeGA”) and IIT Madras, through which they explored the possibility of using blockchain technology for the purpose of enabling remo