Secunderabad, Rail Nilayam : The Centre for Railway Information Systems (CRIS) organized a Technical Talk on ‘Block Chain Technology and its Applications to crypto currency’ on 8th May, 2018 at Rail Nilayam Auditorium. Vinod Kumar Yadav, General Manager, South Central Railway was the Chief Guest on the occasion. M. Ravi Babu, Regional General Manger, CRIS, Secunderabad co-ordinated the program.
Speaking on the occasion, Shri Vinod Kumar Yadav stated that Technological Innovations and systemic developments needs to be applied in the working of public oriented organizations for better services. The Tech Talks organized by CRIS are very useful in updating the technical knowledge. The concept of block chain technology and the core concepts underlying the system needs to be examined for implementation in thegeneral distribution systems, he opined.
Dr. N. V. Narendra Kumar delivered an elaborate presentation on “ Block chain Technology and its applications to crypto currency” with reference to Bit Coin etc. He stated that Bit Coin system is realized by a clever combination of cryptography, P2P networking, distributed consensus and fault tolerant computing. However, being a public network, Bit Coin was not considered to be suitable for institutional usage where privacy and scalability play a vital role. The core concepts underlying the Bit Coin system were found to be very useful for general distributed system. Ethereum, another public system and crypto currency, demonstrated how general purpose distributed computing can be achieved through smart contracts on the block chain technology. Finally, the permissioned private block chain technology was born for institutional usage, where participating entities are assigned specific roles and responsibilities.
Dr. N. V. Narendra Kumar obtained M.S and Ph.D. Degree in Computer Science from Tata Institute of Fundamental Research. His research areas are Design, Modeling, Analysis and Development of Secure Computer Systems. He is recipient of “Microsoft Research India Rising Star Award” for his Ph.D thesis on Malware detection by behavioral approach and protection by access control. He has a U.S. patent on “Decentralized Information Flow Securing Method and System for Multi Level Security and Privacy Domains”. He is currently working on building a Model Block Chain platform at a centre for payment systems.
Shri John Thomas, Additional General Manager, Shri N. Madhusudana Rao, Principal Chief Operations Manager, South Central Railway and other Heads of the Departments and employees participated in large number.