Talking about the newest entry in the field of technology we have two things in mind, one is Blockchain and the other is crypto-currency. India has a major role to play in these two domains and it has started since 2017 by Indian Blockchain Council. They have been a major driver for creating awareness in this field and achieving phenomenal success each year.
International Decentralized Association of Cryptocurrency and Blockchain (IDACB) and Indian Blockchain Council (IBC) have associated themselves to give a shape to International Blockchain Technology Council (IBTC). Mr. Maxim Chereshnev (International Secretary IDACB) and Mr Vishal Nigam (Chairman of IBC) started this initiative that could lead us towards a new dawn in the field of Blockchain and its products and utilities.
The Chairman of Indian Blockchain Council, Mr Vishal Nigam, who started his journey in this field in 2014 is very hopeful with this new partnership and its attributes and genuinely believes that these kind of new ideas are going to take us real far in this now growing technology. He further added,
“Since Blockchain is still at its nascent state and we are waking up to this new domain; being the largest pool of technical talent, our country should be one of the top players in this niche and being the flag bearer, our aim is to create a new technical ecosystem where we would be providing training, will introduce products, will explain and experiments about their usages and finally would hold a new space in the world wide block chain innovations”.
Elated by the last year’s campaigns, workshops and various events, this year International Block Chain Technology Council (IBTC) will be officially partnering at world blockchain and CRYPTOCURRENCY summit on May 19th in Moscow, Russia. This is certainly big news for people in India, trying to work in Blockchain Technology. This summit can open doors for the entire Blockchain enthusiasts to work in a complete different environment through IBTC. Mr Vishal Nigam was elated with the partnership and said “The main purpose of this summit is to showcase our talent, resources and potential to the world. International Blockchain Technology Council will focus on Technology Building, Global Partnership, Education, Advocacy, and Policy Making in this absolute new domain.”
With this news, India has taken a giant leap that shall create more jobs, shape global policies and partnerships around Blockchain.
International Blockchain Technology Council will be starting a global Blockchain Bootcamp program from July 2018 and shall cover 50 countries to educate the people across the globe.
With this initiative, more companies will come forward to take advantage of the Blockchain technology. New ideas, new products will come to surface out of the collaboration. Mr Vishal Nigam, Chairman of Indian Blockchain Council and CEO of Blocskstien dreamt of India being one of the leader countries in Blockchain technologies and his dream comes a lot closer to achieving it, at the World Blockchain Summit in Russia.
A simple solution to end the encryption debate
Criminals and terrorists, like millions of others, rely on smartphone encryption to protect the information on their mobile devices. But unlike most of us, the data on their phones could endanger lives and pose a great threat to national security.
The challenge for law enforcement, and for us as a society, is how to reconcile the advantages of gaining access to the plans of dangerous individuals with the cost of opening a door to the lives of everyone else. It is the modern manifestation of the age-old conflict between privacy versus security, playing out in our pockets and palms.
One-size-fits all technological solutions, like a manufacturer-built universal backdoor tool for smartphones, likely create more dangers than they prevent. While no solution will be perfect, the best ways to square data access with security concerns require a more nuanced approach that rely on non-technological procedures.
The FBI has increasingly pressed the case that criminals and terrorists use smartphone security measures to avoid detection and investigation, arguing for a technological, cryptographic solution to stop these bad actors from “going dark.” In fact, there are recent reports that the Executive Branch is engaged in discussions to compel manufacturers to build technological tools so law enforcement can read otherwise-encrypted data on smartphones.
But the FBI is also tasked with protecting our nation against cyber threats. Encryption has a critical role in protecting our digital systems against compromises by hackers and thieves. And of course, a centralized data access tool would be a prime target for hackers and criminals. As recent events prove – from the 2016 elections to the recent ransomware attack against government computers in Atlanta – the problem will likely only become worse. Anything that weakens our cyber defenses will only make it more challenging for authorities to balance these “dual mandates” of cybersecurity and law enforcement access.
There is also the problem of internal threats: when they have access to customer data, service providers themselves can misuse or sell it without permission. Once someone’s data is out of their control, they have very limited means to protect it against exploitation. The current, growing scandal around the data harvesting practices on social networking platforms illustrates this risk. Indeed, our company Symphony Communications, a strongly encrypted messaging platform, was formed in the wake of a data misuse scandal by a service provider in the financial services sector.
So how do we help law enforcement without making data privacy even thornier than it already is? A potential solution is through a non-technological method, sensitive to the needs of all parties involved, that can sometimes solve the tension between government access and data protection while preventing abuse by service providers.
Agreements between some of our clients and the New York State Department of Financial Services (“NYSDFS”), proved popular enough that FBI Director Wray recently pointed to them as a model of “responsible encryption” that solves the problem of “going dark” without compromising robust encryption critical to our nation’s business infrastructure.
The solution requires storage of encryption keys — the codes needed to decrypt data — with third party custodians. Those custodians would not keep these client’s encryption keys. Rather, they give the access tool to clients, and then clients can choose how to use it and to whom they wish to give access. A core component of strong digital security is that a service provider should not have access to client’s unencrypted data nor control over a client’s encryption keys.
The distinction is crucial. This solution is not technological, like backdoor access built by manufacturers or service providers, but a human solution built around customer control. Such arrangements provide robust protection from criminals hacking the service, but they also prevent customer data harvesting by service providers.
Where clients choose their own custodians, they may subject those custodians to their own, rigorous security requirements. The clients can even split their encryption keys into multiple pieces distributed over different third parties, so that no one custodian can access a client’s data without the cooperation of the others.
This solution protects against hacking and espionage while safeguarding against the misuse of customer content by the service provider. But it is not a model that supports service provider or manufacturer built back doors; our approach keeps the encryption key control in clients’ hands, not ours or the government’s.
A custodial mechanism that utilizes customer-selected third parties is not the answer to every part of the cybersecurity and privacy dilemma. Indeed, it is hard to imagine that this dilemma will submit to a single solution, especially a purely technological one. Our experience shows that reasonable, effective solutions can exist. Technological features are core to such solutions, but just as critical are non-technological considerations. Advancing purely technical answers – no matter how inventive – without working through the checks, balances and risks of implementation would be a mistake.
News Source = techcrunch.com
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