Blockchain Technology and Its Relevance

Hosting an event on one of the most relevant facets of the virtual economy, “The Blockchain Technology and Its Relevance” was discussed by our esteemed speakers. It is a progressive stride towards a virtual systematic and safe system for trade.

Starting the event at our Jubilee Hall at the Bhawanipur Education Society College from 11:30 AM to 1:40 PM. The hosts for the event were Aatikah Khan and Varsha Gupta; where Ms Gupta gave a brief Introduction about what a blockchain and cryptocurrency is. Following the introduction, we were enlightened with the common glossary of the blockchain world.

We were introduced to our renowned speakers of the day – Mr Harshit Aggarwal, Mr Aakash Banerjee, Mr Ajoy Das and Mr Samantak Saha. Beginning with the topic, Mr Aggarwal introduced us to his ventures as a founding member of Cointimes.in and Web 3.0.

The next phase had Mr Banerjee who serves as a Marketing Manager and Engineer, gave us an in-depth explanation about Distributed Ledger Technology and the encryption process. In a world where information is the most essential element which needs to be protected; the blockchain technology retains the prize for being anonymously distributed amongst several layers of protection.

The next speaker, Mr Das, took us through a deeper spectrum of Web 3.0 and the importance of being heard and highlighted as it holds relative prominence. He took us through the 5 important features like Decentralisation, Tamper Proof, True Ownership and Transparency.

The last speaker for the day was Mr Saha, who serves as a Community Manager; he had emphasised on the importance of adapting to Blockchain and to retain this as a viable and lucrative career option. He had also emphasised on the consumers being the major building blocks of the community.

Mr. Aggarwal concluded the discussion and workshop with a bit more flare on NFTS and its prospects, providing a free NFT to all the attendees. This was shortly followed by a Quiz consisting of 16 MCQ questions, and the prize distribution ceremony. The event concluded with the felicitation and gratitude exchange between our institutions and our guests. This workshop was a great success and sheds light on why it might be the new normal in the near future.

Reported By: Farhan D. Hossain