Technology Stack
Blockchain Technology:
Blockchain is a decentralized, distributed ledger technology that records transactions across multiple computers in a way that is secure, transparent, and tamper-proof.
Each block in the chain contains a cryptographic hash of the previous block, creating a chain of blocks linked together, hence the name "blockchain."
It ensures security through consensus mechanisms like proof of work or proof of stake, where transactions must be verified by network participants before they are recorded on the blockchain.
Smart Contracts:
Smart contracts are self-executing contracts with the terms of the agreement directly written into code.
They automatically execute and enforce the terms of the contract when predefined conditions are met, without the need for intermediaries.
Smart contracts run on blockchain platforms and can facilitate, verify, or enforce the negotiation or performance of a contract, eliminating the need for trusted third parties.
Decentralized Autonomous Organization (DAO):
A DAO is an organization represented by rules encoded as a computer program that is transparent, controlled by organization members, and not influenced by a central government.
It operates through smart contracts on a blockchain, enabling decentralized decision-making and governance.
Participants in a DAO typically have voting rights and can propose and vote on changes or decisions within the organization.
Artificial Intelligence (AI):
AI refers to the simulation of human intelligence in machines, enabling them to perform tasks that typically require human intelligence, such as visual perception, speech recognition, decision-making, and language translation.
Machine learning and deep learning are subfields of AI that focus on algorithms and models that allow computers to learn from and make predictions or decisions based on data without being explicitly programmed.
Web 3.0:
Web 3.0 is the next generation of the internet that aims to decentralize the web, giving users more control over their data and online interactions.
It includes technologies such as blockchain, decentralized applications (dApps), peer-to-peer networks, and distributed storage systems.
Web 3.0 seeks to address issues of privacy, security, and censorship by shifting power away from centralized entities and towards individual users.
360-degree Proctoring:
360-degree proctoring is a method of monitoring online assessments or examinations using advanced surveillance technologies, including AI-driven monitoring tools.
It involves capturing video, audio, and screen activity from all angles to detect and prevent cheating or malpractices during the assessment.
Real-time monitoring allows for immediate intervention in case of suspicious behavior and enables interaction between students and proctors to address queries or concerns, creating a secure and supportive examination environment.
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