CONTRIBUTION OF BLOCKCHAIN TECHNOLOGY TO THE GROWTH OF THE SOCIETY

Peace engineering describes proper use of engineering principles towards overall development of humans without any conflict. Inventions and innovations lead to powerful human community. But, the powers are very much centralized. Centralized powers pave way to misuse of these innovative technologies. Advancement should always be towards contribution of peace in the society and not a threat Contribution of block chain for peace engineering includes Information is not copied but distribute, Powers are decentralized which avoids misuse of data ,Every change in value is updated and verified, No intermediaries to break the chain, Transparent maintenance of records, Decentralization of records prevents hacking, No possibility of errors for conflicts, Synchronization of the activity avoids time delay in the network ,Owning of information by the identity and is verified Data is secured by both public and private keys held by an identity.