IIT Kanpur’s Prof. Sandeep Shukla: “We need a high-throughput blockchain”

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India is one of the countries leading the way in blockchain adoption. Although the government is still deciding its stance on digital currencies — even saying it is in no “urgency” for a CBDC despite its growing user base — it’s clear that India wants to adopt blockchain technology.

This sentiment was prevalent at the 2022 Enterprise Utility Blockchain Summit (EUBS) in India, which showed how the South Asian country is ready for the blockchain revolution.

One of the speakers at EUBS was Prof. Sandeep Shukla, a blockchain expert and professor of computer science and engineering at the Indian Institute of Technology, Kanpur. Prof. Shukla also implements various blockchain solutions for the authorities through its national blockchain project, which started in 2018.

“The advantage [of the National Blockchain Project] is that you can put data integrity into the system because if you create a centralized data store, there is always a chance that an insider can tamper with that data. It is also a question of how to show identity to people so that the identity cannot be misused by others when transferring that identity in [the] form of hard copy or something for other people. We also have the opportunity to provide better privacy through the self-overwhelming identity,” said Prof. Shukla, explaining how the National Blockchain Project, funded by India’s National Cyber ​​Security Coordinator’s office, is helping the country.

He also shared that Indian ministries are already running several programs on the blockchain, especially in information technology.

“The Ministry of IT has a competence center within [the] blockchain. We have an UTIO, which is our kind of think tank for the government. They have done two large studies and published them in various pilots in [the] blockchain. It is a national blockchain policy document from the Ministry of IT. We are also often contacted by other ministries, state ministries and central administration to assess possible other projects in [the] blockchain. So I think it’s quite, I would say, quite welcoming,” noted Professor Shukla.

Speaking of scalable blockchains, Professor Shukla said that scalability “is often the problem with blockchain.” Scalability is not an issue if we need blockchain for records; However, it is a different story when it comes to the integration of digital currencies – and the professor believes that the BSV blockchain is well suited for this type of job.

“Generally, when we’re doing digital currency, etc., we need to have high-throughput blockchain. So I think there’s a case to be made for high-throughput blockchain. Now the question is what kind of blockchain would that be, whether it’s one mission or permitless which depends not only on the technology issues, but also on the government’s appetite for the corresponding advantages and disadvantages of the two different methods,” he pointed out. .

“[As far as] I understand, they (BSV blockchain) have no upper limit on blocks, which makes it easier for us to get high throughput. It has the ability to perform transaction validation through special nodes instead of some kind of miner, which also makes it good for scalability,” Professor Shukla commented.

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