Contracts
Price
$0.00000000000000
0.00
Market Cap
$0
Launch Date
14 January, 2022
Description
With the growth of population,
most countries are facing a tremendous pressure of maintaining the demographic
record of their citizens from birth to death. In developed countries, usually
there is a centralized system where the data is maintained and accessible by
different departments (public or private) based on their authorization level.
There are some major challenges
faced in this kind of approach:
Reliance on a specific authority
to create and maintain data (and synchronize with central system)
Data manipulation by hackers
Accessibility issues for a new
entrant
These issues become graver for
developing and under-developed countries due to lack of IT infrastructure and
poor funding capabilities of the government. This makes the data susceptible to
tampering by unscrupulous elements. Blockchain, with its decentralized nature,
inherently solves many of these issues. Its strong cryptographic sequencing
makes it very difficult for casual hackers to read the data. Also, if any data
is tempered by any owner, and without consensus, the system automatically
corrects the data.
Dhanu is aimed to catalog the
data of a human being from birth till death in a decentralized blockchain. The
chain will be capable of storing the data related to (but not limited to) health,
education, employment etc. Different entities responsible for maintaining the
data shall be created as nodes and consensus shall be followed for adding a new
block to the chain. This will smoothen the functioning of sharing the data
between different departments thereby reducing the time and cost of sharing.
This will also reduce the carbon footprint related to the paperwork needed for
these kinds of activities.
Dhanu token is backed by company
equity.
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