​​Blockchain Technology: Impacting performance across Industries. The B.Tech from DSU equips you to deliver.

Over the last few years, Blockchain technology is often being heard of as the next big thing in high technology. Here's a snapshot of what it is.

Blockchain is a high security sequential ledger, based on cryptographic concepts and recognised for its accuracy, security and speed. The entries in a Blockchain are arranged sequentially and each entry includes encryption of new data that is merged with the previous entry’s encryption. The joint encryption of the previous two entries becomes the first part of the subsequent entry and so on. This kind of sequential coding provides a very high level of security and time-stamping. Also, data is encrypted using hash codes and the value is stored as digital tokens. Blockchain is being increasingly adapted in a range of industries including financial services, retail, marketing, advertising, healthcare and more.

In financial services, blockchain speeds settlement to real time reducing the exchange rate risk for cross-currency transactions. There are also applications for quicker operations - tracing bank guarantees and LoC (Letters of Credit) across parties, executing smart contracts and speeding up reporting.

Blockchain is also the technology behind crypto-currencies, digital currencies maintained by a decentralized system, ensuring cheaper and faster transactions.

Retailers are deploying NFTs, unique digital assets that sit on a blockchain, to engage with tech-savvy customers who prefer exclusive merchandise.

Retailers of luxury products use blockchain to certify their products in terms of authenticity and assure their customers while also making the transfer of ownership transparent.

In marketing, blockchain can help increase security and transparency when it comes to sharing of customer data - from a customer to a company or between select stakeholders. The data will be backed with the highest security while being transmitted. Also, when it comes to buying digital ads, Blockchain can help reduce fraud and other illegal activities.

Blockchain has a range of applications in healthcare and improves efficiency and performance in the areas of processing of payments, electronic medical records, supplier directories, data security and exchange.

Blockchain is also poised to be the basis for the internet’s next avatar, Web3. Several leading companies like IBM, Google, and JPMorgan Chase, are investing significantly in resources, to overcome technical challenges. Web3 is designed to provide access through crypto wallet usage, and Blockchain is best positioned to be a crucial backbone of the initiative.

Blockchain advantages

Blockchain enables businesses to transact in real time anytime, any day. There is no concept of business hours

Blockchain reduces business costs - particularly the high-value, high-volume transactions where the fees add up.

Dayananda Sagar University (DSU) offers a specialised B.Tech program with majors in various engineering disciplines, including Computer Science and Electronics.

• DSU provides students with the opportunity to focus on cutting-edge areas such as AI & ML, Data Analytics, Full Stack Development, and Blockchain Technology.
• The university has a dedicated research centre within the engineering department that focuses on Blockchain Technology, serving as a hub for innovative research.
• Collaboration with expert faculty members and industry professionals ensures students at DSU gain hands-on experience and exposure to real-world applications of blockchain.
• The academic curriculum here provides a strong foundation in the principles of blockchain technology, covering theoretical aspects such as underlying technologies, cryptography, and distributed ledger systems.
• Practical projects and case studies are integrated into the curriculum, allowing students to apply their knowledge to solve real-world challenges.

Overall, the B.Tech program at DSU offers a holistic learning experience, combining theoretical knowledge, practical skills, and industry exposure to prepare graduates for success in the dynamic field of blockchain technology.