Blockchain – Prospects, Opportunities and Future in India

Blockchain Technology

Blockchain is an indelible electronic ledger which records a series of transactions in real time.  Blockchain technology has brought a paradigm shift across all business sectors around the world. Blockchain is catching its base in mainstream industries like banking, retail, healthcare, logistics, and finance. India will soon become a powerhouse in blockchain technology as major stakeholders, as well as medium stakeholders, are leveraging blockchain technology. Gartner research predicts that the blockchain technology will surpass the business revenue US$3 trillion by 2030. As a distributed ledger technology(DLT), blockchain checks security loopholes, accompanies augmented transparency, enhanced efficiency, refined & upgraded traceability, and reduced costs. It reinforces on the blending of AI, IoT and blockchain technology that will explore new business models and generate commendable products for the next generation consumers. 

 

Blockchain Technology: Prospects and Challenges

Curbing Black Money

The most powerful features of blockchain technology surmount to be governed by multiple entities as it inhabits a vast network of computers. Hence, technology has no failure issues. With the advancements in scalability, decentralization, and security, blockchain is able to curb  black money menaces. The inception of decentralized apps (dApps) has further tightens the digital security issues and provide safeguards to our digital information. dApps is a tight slap for cybercriminals who are stealing our databases from traditionally run applications. IBM has set a major goal to upgrade all its databases into dApps that will augment money management and transfer, business process management, and decentralized autonomous organization.  

Working Mechanism of Bloackchain Technology

Information Security 

Cyber hackers send myriads of junk requests to a website which leads to aggrandize the internet traffic. The requests will go on until the site gets overwhelmed with requests and crashes. These type of attacks are termed as Distributed Denial of Service (DDoS) attacks. Big companies like Twitter, Spotify, SoundCloud often experience DDoS attacks. The main difficulty to eradicate DDoS attacks comes from the existing Domain Name System (DNS). DNS is susceptible to hackers as they are able to target the centralized part of DNS and continue crashing of sites one after another. 

A functional decentralized DNS system is the only solution to protect our digital information from hackers. Implementation of blockchain technology will distribute the contents to a large number of nodes making it nearly impossible for hackers. Third party access would be very limited and only domain owners have the right to edit the domains. That will enormously alleviate the risk of access by unauthorized parties. Blockstack confers a fully decentralized option for DNS that will eliminate third parties from managing web servers, ID systems, and databases. 

 

Blockchain in Cybersecurity

Micropayments in India

Micropayment is a monetary transaction that sustains with very low charges per transaction. It accommodates universal computerized wallet that will give you access to transact any website by making a single account. 

Crypto-vending machines facilitate the use of digital wallets with relatively low-cost-items and also adhere to the age-restricted items like alcohol. It cornerstones the need of making micro-transactions an everyday occurrence. Blockchain smoothly functions to perform in-store purchases, buying tickets for events, concerts, and sports matches. It embodies our virtual money to make real-life purchases. Leading telecom companies like Jio, Airtel, Vodafone are eyeing for the crypto-vending market in India for day-to-today mobile recharges and transactions. There is a ray of hope that budding startups soon enter into the crypto-vending market in India. 

Blockchain and Banking

Prospects of Digital Payment in India

Remittances are the second largest income for India contributing huge cash flow and development assistance. India is the largest recipient of international remittances with an outstanding amount of US$62.7 billion. International transactions with SWIFT make system sluggish and lethargic as it imbibed various loopholes in the Indian banking system. Blockchain technology is replicated among various nodes in a peer-to-peer network, securing each transaction with a uniquely signed cryptographic private key. This will not lead to inter-party interference in digital payment. Digital token eliminates the need for maintaining debit/credit accounts in varying currencies. It proliferates the liquidity of banks as there are multiple transactions around the world in a given time. The informal and illegal transactions contribute around US$100-200 billion in India. Formalizing even a fraction of the amount will augment the ailing banking sector in India. Ripple, the leading blockchain network in the banking sector, bring down the transaction fee by 43-60 percent through its implementation of diverse blockchain networks. It succors Indian banks save around US$80 million annually. 

Amla oil - A stress buster, anti-aging agent and a complete hair care

Amla Oil

 Amla tree, a multipurpose plant whose fruits, seeds, leaves, stems, and roots cater to astounding health benefits. Its popularity has grown all over the world. Amla oil is made from dried amla fruits. First, it is blended into a fine powder. Later, it is mixed with coconut or sesame oil as base oil. Now, heat until you get a nice aroma of the oil. Now turned off the flame. Cool it and store in a cool and dark place.

Amla oil is extracted from dry Indian gooseberries fruits (Phyllanthus emblica) which is a rich source of vitamin C, minerals, tannins, flavonoids, and ellagic acid. Vitamin C enhances hair growth, prevents hair fall and delays premature grey hair growth. The amla seeds are reported to be an abundant source of omega-3 and omega -6 essential fatty acids.  Hence, it wears the tag of an anti-aging agent by reducing the oxidative stress in the body. Amla oil is the potent inhibitor of 5-alpha reductase which prevents the male baldness.

Usages of Amla Oil

®  Strengthens the immune system

®  Curbs cholesterol and blood sugar levels

®  Enhances brain health and its functions

®  Alleviates mental stress & premature aging

®   Ameliorates respiratory function and cardiovascular health

®  Curtails the growth of scars, blemishes, age spots and wrinkles

®  Lessens sinus congestion

®  Augments male fertility and urinary health

Benefits of Amla Oil

1.      Hair Growth

Amla oil accords you the required moisture for your hair growth. It protects from fungal infections and nourishes scalps.  Amla oil is the absolute sustenance for hair care which reduces dandruff, conditions your shiny hair, and checks premature grey hair growth. Thereby giving you a blackish tint of your hair.

2.      Rejuvenates Dry Skin

Hydrating and anti-oxidant properties constitute amla oil, the best medicine for fast recovery of dead cells give ample moisture to the skin. Overnight use of amla oil engenders your skin as soft, supple and hydrated in the morning. Amla oil has the superb exfoliating properties that abolish dead skin without making it dry. It is best used before bath time that will help eliminates all scrubs away from the skin.

3.      Cardiovascular Health

The potassium and other anti-inflammatory compounds relieve stress in the cardiovascular system thereby preventing blockages in the heart valves. Top two fatty acids linolenic and linoleic acid protect against atherosclerosis, heart attacks, angina, and heart strokes.

4.      Prevents Baldness

Low density makes amla oil penetrates deeply in the hair follicles and augments the rapid hair growth. Finasteride, an amla extract proves to be a potent inhibitor of 5-alpha reductase which is widely used for the treatment of male pattern hair loss.

5.      Anti-aging agent

The potential amount of antioxidants alleviate oxidative stress and free radicals of your body. Free radicals stimulate mutation and enhance the growth of various deadly diseases. Amla oil consumed in small doses shields you from many chronic diseases. Antioxidant properties of amla oil sustain the production of collagen which ultimately revamping new cell growth.

Side-Effects

Amla has very rare side effects. Some individuals complain of itching, irritation, and skin inflammation of its prolonged use. However, an in-depth study is needed to witness the side effects of amla oil.

Dark color individuals were reported to trigger Lichen planus pigmentosus (LPP) when they exposed to ultraviolet sun rays.

West Bengal Offbeat Tourist Destinations

Are you looking for offbeat tourist destinations, West Bengal gives you the finest offbeat destinations like Pokhriabong, Rang Bhang, 12 Dhura Pedong, and Echey Gaon.  They come under the lap of nature and lush greenery. The exquisite scenery will enthrall your inner heart. The serene and calm atmosphere rejuvenates your body, mind, and soul. Some of the finest attractions are lush greenery, hilly areas, tea gardens, resorts, springs, national parks, biosphere reserves, etc.  Offbeat destinations would overwhelm when you get homely accommodation. Homestay recuperates your health and you will be free from adaptability issues. The heavenly atmosphere gives you the ultimate calmness. This stimulates zeal and fervor and you will feel full of energy. I have explained above offbeat tourist destinations in brief.

Pokhriabong

Pokhriabong situated under the dense tea gardens. Eight tea estates earned it a prominent name in the West Bengal. Pokhriabong is 28 Km away from Darjeeling town. Peak summer temperature ranges to 24-degrees Celsius whereas winter temperature comes down to -1 degree Celsius. October to March is the best season to visit the Pokhriabong. People are sociable and kind. They can speak Hindi, English, Bengali, and Nepali. Your exploration and discovery will lead you to find sunbirds, flycatchers, Chinese pangolins, black deers, leopards, various species of butterflies and many more.

Natural secenrey in Pokhriabong

How to reach there

Pokhriabong is well connected to the road, rail and air networks. Darjeeling serves as the nearest bus point while New Jalpaiguri serves as the nearest railway station to Pokhriabong. Bagdogra serves as the nearest airport to Pokhriabong. Direct cars are available from Darjeeling, Siliguri, New Jalpaiguri, and Bagdogra.

Where to stay

Deepali Homestay gives you a pleasing and soothing environment that feels like your own home. You can spend your time chatting with your friends and family members in the long veranda, cozy longue, and a fireplace. Well furnished and decorated rooms, attached bathrooms, LED TV, etc will keep you entertain and feels comfortable in a homestay. Locally made mouth-watering cuisine will take you another world of hospitality, delicacies, pleasantries, and cuisines.  

Rang Bhang

Rang Bhang village is 3 Km away from Mirik and Mirik is 52 Km away from Siliguri. Rang Bhang is also known as Mirk Busty. Rang Bhang is situated near the Rang Bhang river. Fresh and crystal clear water of Rang Bhang rejuvenates your body, mind, and soul.  Peak summer temperature rises up to 30 degrees Celcius while winter comes down to 1 degree Celcius. November to March is the best time to visit Rang Bhang. The triangular helmet of Gopaldhara tea estate, Thurbo tea estate, and Sangma tea estate welcomes you with the open arms. The abode of Rang Bhang reinvigorates and revitalizes yourself and keeps you away from artificiality and concrete jungles. 

Rang Bhang Tea Village

How to reach there

Rang Bhang is well connected to road and rail networks. Mirk serves as the nearest local bus point while New Jalpaiguri serves as the nearest railway station to Rang Bhang. Direct cars are available from Mirk, New Jalpaiguri, and Siliguri.

Where to stay

Rangbhang Homestay serves the locally made pure vegetable cuisines. Every room of Rangbhang homestay is well equipped with separate sitting area, makeup mirror, desk, bottled drinking water, and an attached bathroom with a constant supply of hot and cold water. Rangbhang homestay also features luggage storage services, medical services, and generator services.

12 Dhura Pedong

12 Dhura Pedong is 7 Km away from Pedong and Pedong is 21 Km away from Kalimpong. Summer temperature rises up to 29 degrees Celcius while winter temperature comes down to 8 degrees Celcius. August to May is the best time to visit 12 Dhura Pedong. 12 Dhura Pedong is popular for its dense covered forest, a large variety of insects, birds, and butterflies that have enhanced its rich biodiversity. 200-year-old Lepcha Heritage house, Lepcha monastery, incredible green mountains, and charismatic Rongpo river are the other eye-catching destinations that will make you feel pleased. 

Green Mountains in 12 Dhura Pedong

How to reach there

12 Dhura Pedong is well connected from road, rail and air networks. Pedong serves as the nearest local bus point while New Jalpaiguri serves as the nearest railway station to 12 Dhura Pedong. Bagdogra serves as the nearest airport to 12 Dhura Pedong. Direct cars are available from Pedong, Kalimpong, Siliguri and New Jalpaiguri.

Where to stay

Homestay Gateway offers luxurious services at 12 Dhura Pedong village. It equips homestay gateway with 4 rooms and every room has double beds and an attached bathroom. Homestay gateway serves you the locally made cuisines that will satiate your hunger.

Echey Gaon

Echey Gaon or Ichey Gaon is situated on the foothills of Mt Kanchenjunga at an altitude of 5800 feet. Echey Goan is 17 Km away from Kalimpong and 89 Km away from New Jalpaiguri.  Summer temperature rises up to 25 degrees Celcius while winter season comes down to 2 degrees Celcius. October to December is the best time to visit the Echey Gaon. These seasons you will witness snow clad lands everywhere. You will mesmerize by the beauty of golden, white, orange, and maroon color marigolds. A variety of beautiful birds like finches, woodpeckers, rufous sibia, emerald cuckoos, three-toed kingfisher, and blue whistling thrush will give you a breathtaking and spellbound experience. Echey Gaon is known for its famous trekking routes. These trekking routes will give you the pictorial overview of  Ramitey Dara, Tinchule and Jalsa. Ramitey Dara offers a fascinating overview of Teesta river that will encounter 14 leading turns through the Himalayan valley

Echey Gaon Trekking Routes

How to reach there

Echey Gaon is well connected to road, rail and air networks. Kalimpong serves as the nearest local bus point while New Jalpaiguri serves as the nearest railway station to Echey Gaon. Bagdogra serves as the nearest airport to Echey Gaon. Direct cars are available from Kalimpong, Siliguri, New Jalpaiguri, and Bagdogra.

Where to stay

Marigold Homestay serves you the Nepali delicacies and pleasantries for both vegetarians and non-vegetarians. The food is grown organically and cooked on a traditional firewood chulha. Marigold homestay facilitates you with a cozy atmosphere, locally made wood floors, and traditional Nepali architects on walls. Single and double bedded rooms are served with attached bathrooms and western toilets. Self-cooking facilities, laundry services, first aid, 24-hour water supply, traditional Nepali dance, bonfire during the night, etc are the other awesome and amazing experience you will find here.