IIITM-K to set up Blockchain Technology Academy in Kerala

Press Trust of India Thiruvananthapuram | Updated on January 13, 2018

After Bengaluru, Kerala will to get its own ‘Blockchain Academy’, which will spearhead research and innovations and impart technical consultancy in the cutting-edge technology, described as the most promising innovation since the Internet.

The Indian Institute of Information Technology and Management-Kerala (IIITM-K) will set up the academy in association with the international learning and business development platform Blockchain Education Network (BEN), a release said here today.

IIITM-K Director Rajasree MS made the announcement at a recent workshop on Blockchain Technology held at Technopark here, it said.

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 validated transaction blocks are linked from the beginning of the chain to the most recent block. Hence the term “blockchain,” the release said.

Target areas

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

He noted that block chains may evolve into a system with immunity to threats -- with advances in artificial intelligence and predictive logic systems.

Tamper-proof data

“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 S Rajeev, consultant, Maker Village, the electronics incubator funded by the central and state governments and run by IIITM-K.

“Since Blockchain involves distributed computing and Internet of Things (IoT) devices, Maker Village has a role to play in the evolution of the technology, which is designed to provide a tamper-proof data storage system and ensure transparency in digital applications,” he added.

Published on March 06, 2017

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