Noida: Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain said Dr. Sandeep Marwah President of ICMEI-International Chamber of Media and Entertainment Industry while inaugurating the Seminar on Block Chain in association with European Digital University USA at Marwah Studios, Noida Film City.

“A blockchain is a decentralized, distributed, and oftentimes public, digital ledger consisting of records called blocks that are used to record transactions across many computers so that any involved block cannot be altered retroactively, without the alteration of all subsequent blocks,” added Dr. Viney Reddy Vice Chancellor of European Digital University.

“It will create a trusted, unfilterable, uncensorable repository of data and information that is accessible worldwide. It is this characteristic that will drive the creation of the third generation of the internet. And this is why the blockchain is the future of the internet, ”explained Prof Sadhic Muhammed Chancellor of European Digital University.

“Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved,” expressed Susan Ann Minor an expert from Canada.

Susan Ann Minor a master on blockchain explained that Business runs on information. The faster it’s received and the more accurate it is, the better. Blockchain is ideal for delivering that information because it provides immediate, shared and completely transparent information stored on an immutable ledger that can be accessed only by permissioned network members.

A series of seminars and workshops have been announced in the next few months covering different states of India and also the cities of other countries.