On April 26th, 2022, IEEE Computer Society Brac University Student Branch Chapter arranged a seminar on Blockchain Technology in association with BCOLBD titled “Blockchain Technology And Call For Participation in BCOLBD 2022”. The event was organized for the students in the STEM who are interested in the field of blockchain technology to introduce them to the decentralized, distributed ledger that records the provenance of a digital asset known as blockchain and how it can lead to new opportunities and escalate their professional careers through greater transparency, enhanced security, and easier traceability.
Our first speaker, Mr. Mishaal Ali, went through the basics of Blockchain, including its purpose, what participants are required to accomplish on the Blockchain, and the crypto token money. A blockchain is a decentralized distributed ledger system that records the ownership of a digital asset. He also discussed how we might achieve decentralized exchange, noting that to do so, we must first enter, then the operating system of Blockchain, and last, we must do this via equilibrium modification. Blockchain has the benefit that we may invest now and start earning interest on our investments immediately. The first layer on which Blockchain excesses are taught to understand what Blockchain is about is the decentralized exchange layer. Blockchain technology incorporates not just digital access but also the stock market and traditional forms of wealth. These are the types of challenges that are faced by all of the services that are transitioning to the Blockchain, including banking and finance. This innovative technology has the potential to provide improved data security and privacy at a cheaper cost and with more speed than is now available. A cryptocurrency token or a fractionalized unit of a cryptocurrency is referred to as a crypto token. It is a representation of a tradable asset or utility that is stored on its blockchain and gives the possessor the ability to utilize it for economic or investing objectives. Assistant professor Dr. Muhammad Iqbal Hossain discussed the academic side of Blockchain, stating that there are many work possibilities related to Blockchain and that we need to employ our people to develop these jobs. We must get ourselves ready to expand our horizons intellectually and communicate our ideas. He said that blockchain would become a significant business over the next five years. This olympiad provides a wonderful platform for us to talk about our ideas on Blockchain technology. Additionally, Mr. MD Shamsul Haque discussed Blockchain and its technological applications. He instructed us on how to understand Blockchain. Learn the fundamental notion of Blockchain and then its technical features. Blockchain allows distributed ledger technologies to be implemented (DLT). The result of Blockchain is that none of its information is stored centrally. The Blockchain is instead replicated and distributed over a network of computers. Each computer on the network updates its Blockchain whenever a new block is added to the blockchain. How exactly do we determine what we may and cannot accomplish inside the Blockchain project? It is comprehensible due to the conditions and the level of openness. He emphasized that Blockchain and Bitcoin are two separate entities. The technology known as blockchain is responsible for the creation of bitcoin. In addition to that, he went through the Olympic regulations about the submission of work. He said that the writing should be done on white paper and that the writing itself should include difficulties, answers, architectural usage, market companion, income, and the worth of the subject matter. In general, we also talked about the future of Blockchain, and Mr. Mishra Ali mentioned that in the next ten years, we will need to decentralize everything from Blockchain for it to be used by companies like Facebook, Uber, and others, as well as the developing world, which is moving toward the present.
The involvement of the students in the successful completion of the program drew a lot of attention to itself. Students provide questions to our guests at various points during the day, and our guests respond to the questions in a kind and thoughtful manner. The segment in which we answered audience questions gave our presentation some welcome depth. As a direct consequence of this, the progression of the program seemed to be quite picturesque. At the conclusion of the day, our guests are presented with flowers and thanked profusely for attending our seminar. Many compliments go out to the presenter for their skillful management of the occasion. The most significant aspects of each chapter were carefully summarized and presented so that the general members might become energized. After listening to the Chair’s closing comments, this lively gathering came to an end.