'Like a kitty party': Blockchain expert explains tech behind cryptocurrency

‘Like a kitty party’: Blockchain expert explains tech behind cryptocurrency
Blockchain precisely works on two fundamental mantras -- decentralisation and distributed trust, explains Jaspreet Bindra
Blockchain uses same design as kitty party
Avneet Kaur
Updated Aug 05, 2021, 12:51 PM IST
Blockchain and cryptocurrency have gotten everybody’s attention in recent times. But what exactly is blockchain? How does it work? You search on Google and it will show you multiple definitions and explanations. But still the idea of the technology behind Bitcoin and other cryptocurrencies is hazy for most people.
 
Putting it as simply as possible, Jaspreet Bindra, founder of Digital Matters, India, Tech Whisperer, UK and an expert in blockchain and digital transformation says, “Blockchain is like a kitty party.” Both work on the same fundamental design. Bindra was speaking at a webinar, ‘Blockchain Technology -- Unblocked’, presented by State Bank Institute of Leadership, Kolkata.

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