Introduction to the National Blockchain Framework and Related Initiatives 

- The Ministry of Electronics and Information Technology (MeitY) recently unveiled the National Blockchain Framework (NBF). 

- Alongside NBF, other initiatives like Vishvasya-Blockchain Technology Stack, National Blockchain Framework Lite (NBFLite), Praamaanik, and National Blockchain Portal were also introduced.

 

Understanding the National Blockchain Framework

- The NBF is an online platform leveraging blockchain technology to bring reliability and transparency in public service.

- It aligns with the Indian government's objective of providing trusted digital services. 

 

Delving into the Other Associated Launches 

- Vishvasya-Blockchain Technology Stack: Renders Blockchain-as-a-Service (BaaS) with a geographically spread infrastructure supporting diverse blockchain applications.

- NBFLite: Aims at encouraging startups and academia to experiment with blockchain applications.

- Praamaanik: A revolutionary concept that aids in validating the source of mobile apps via blockchain.

- National Blockchain Portal: A consolidation point for easy access to numerous blockchain resources. 

 

Advantages of the National Blockchain Framework

- Enhancing Security and Transparency: The framework accentuates security in public service delivery, thereby increasing the trust of citizens. 

- Transforming Governance: MeitY emphasises on the implementation of NBF applications across states, departments, encouraging the discovery of new platforms and applications.

- Addressing Research Challenges: NBF is designed to overcome several obstacles, including the development of skilled manpower, facing research hurdles concerning security, interoperability, and performance.

 

Unravelling the Vishvasya-Blockchain Technology Stack Details 

- Distributed Infrastructure: Hosted on numerous NIC Data Centers across India.

- Core framework Functionality: Offers basic blockchain operations and services.

- Smart Contracts & API Gateway: Assists in managing smart contracts and application interfaces.

- Security, Privacy & Interoperability: Concentrates on maintaining data integrity, ensuring secure communication across platforms.

- Applications Development Offering BaaS: Supports the build-up and deployment of blockchain applications using the BaaS model.