Block-the-Talk; Ravindhar Vadapalli from Lovely Professional University on the importance of Digital Threat Intelligence in digital asset management
Ravindhar Vadapalli, Professor of Blockchain, Analytics and Finance, Mittal School of Business, Lovely Professional University, an educational institution, talks about blockchain-based cryptology’s importance in digital asset custody with FE Blockchain.
What are the three best practices that today’s youth should follow when it comes to digital assets?
The best practices that youth should follow are:
Developing the mindset of “Digital Threat Intelligence (DTI), youth should develop DTI practices such as:
a) Analysis of actors*, intention and capabilities (AIC).
b) Assessment of actors*, tactics, techniques and procedures (TTP)
c) Predictive, preventive and proactive mindset ( 3 Ps ) Focus
* Actors* are the other party / the digital marketer / sellers
How can blockchain be used to keep digital assets safe? What apps can consumers use?
Blockchain-isolated cryptology-based lockers can be used to keep digital assets safe. The security of digital assets is ensured by Cryptology within Blockchain the science of secure communication, Cryptography within Blockchain: creates messages with hidden meaning; Blockchain Cryptoanalysis: Science of dissection of the encrypted messages to recover their actual original meaning.
Therefore, the tri-combination of Cryptology+Cryptography+Cryptanalysis in a blockchain can be used to keep digital assets safe.
Consumers can use truffle suite, Azure Blockchain MarketPlace. ( ) or smiota asset management lockers ( ) or apps like Smart App Lock – Privacy Lock are reliable.
What are three tips you would give to people doing crypto trading?
Tips:
1. Develop crypto portfolio based on crypto market capitalization (CMC)
2. Always check the crypto market cap (cmc)* of the top 5 crypto assets on a weekly basis
3. Find out the beta* (measure of systematic risk) of each crypto asset in your crypto portfolio
Once the above is clear, determine the holding period and the holding period’s return.
* Crypto market capitalization = number of targeted crypto assets outstanding in the market x current market price of targeted crypto assets
* Beta, which is a measure of systematic risk for each type of crypto asset, must not be below 1 (One)
Which according to you is the country that is leading in the space and the Indian startup ecosystem can pick up the best use cases?
1. Vita Inu ($VINU) is attracting investors because of its evolving Vinuverse metaverse
2. Trace Metaverse ($TRC) Token, is also the best choice as a partnership with a pioneering crypto exchange Bitmart and the most promising blockchain Polygon (Polygon Studios) to create a bigger metaverse world for games.
What are the disadvantages of blockchain?
I see scalability as the only major downside to Blockchain. Blockchain’s ability to manage a large number of users at once remains a challenge for the blockchain industry. Although there are a few other drawbacks, such as a common criticism surrounding Proof-of-Work related to the amount of energy it uses, and the resulting impact such blockchains have on the current environment. Crypto Miners need to use massive amounts of computing power to solve the most arbitrary mathematical equations.
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