{"id":318,"date":"2026-08-20T06:42:14","date_gmt":"2026-08-20T06:42:14","guid":{"rendered":"https:\/\/ifeel.edu.in\/blog\/?p=318"},"modified":"2026-08-20T06:47:55","modified_gmt":"2026-08-20T06:47:55","slug":"the-man-with-the-lost-drive-blockchain","status":"publish","type":"post","link":"https:\/\/ifeel.edu.in\/blog\/?p=318","title":{"rendered":"THE MAN WITH THE LOST DRIVE: BLOCKCHAIN"},"content":{"rendered":"\t\t
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Just like any other technologies, which has evolved over time, Blockchain is one of those modern technology following the same as others like how phones evolved. Ex-telephone> phone> smartphone> foldable phone also car evolution Ex-diesel cars> petrol car > EV car. in the same way, block chain also evolve like barter system> paper money> online banking> crypto currency> block chain ecosystem. it revolutionise the way data and money are shared and stored. it is\u00a0\u00a0currently the most secure technology for cryptocurrency like bitcoin, which is the future Digital currency. Many other industries such as finance, healthcare, supply chain, and even voting systems use this modern technology to make their data secured.<\/p>

BLOCKCHAIN?<\/strong><\/p>

Blockchain ,the blocks in the chain, it is a digital balance sheet that collects and store all the information in blocks. These blocks are interconnected with each other, just like the coaches in the train, classes in the school, offices in corporate world or stitches of a wound, it\u2019s just like that and these blocks are interconnected on any network in a chain on and\u00a0shared into these computers. This make this so secure that it is not possible to hack and is transparent or visible to others.<\/p>

HOW IT WORKS?<\/strong><\/p>

\u00a0<\/strong>It works in a way that transactions which are happening it record every activity within the block. Suppose if Ankit send 1 bitcoin to Vishnu, this is what transaction is so, Blockchain will record it like when it happened> who sent it> who received it> how much was transferred, so these data\u2019s will be stored in Blockchain permanently and can\u2019t be change or delete.<\/p>

WHAT IS HASHING IN BLOCKCHAIN?<\/strong><\/p>

Hashing is the process of converting any input data to fix length string of character using a mathematical algorithm. example- you put data into a machine, and then the machine gives you a unique digital fingerprint.<\/p>

HOW BLOCKS ARE LINKED (BLOCKCHAIN STRUCTURE)?<\/strong><\/p>

The block\u2019s include data(transactions) nonce(random number used in mining) previous block hash, current block hash. Every block stores the previous block\u2019s hash, changing one block will change the entire chain.<\/p>

Tampering in blockchain:-<\/p>

Real Life Example<\/p>

Block=Page in a notebook<\/p>

Hash=Page number on books with the content if there is 1,2,3,4,7,8 is there but 5,6 is not but instead 11,12 is there so it doesn\u2019t match anymore and 7,8 will no that there is some tampering happened.<\/p>

This way blockchain detects tampering.<\/p>

WHICH INDUSTRY USING IT, HOW?<\/strong><\/p>

So industries which are using Blockchain are banking, supply, chain, healthcare, real estate, retail, government.<\/p>

Banking> fast payment> fraud reduction<\/p>

Supply chain> product tracking> transparency<\/p>

Healthcare> secure patient records<\/p>

Real estate> secure property records<\/p>

Retail> safe online shopping<\/p>

Government> digital identity, transparent voting, public record safety.<\/p>

CASE :THE MAN WHO LOST THE DRIVE-JAMES HOWELLS<\/strong><\/p>

James Howell is a British person who accidentally threw away a computer hard drive containing the private keys to a massive amount in bitcoin. He is not a billionaire yet, but the value that the lost bitcoin have before currently, having\u00a0 a lot of ups and downs, but it\u2019s in the current time exceeding $1 billion, which in time if he have the drive or his keys, he must be the billionaire.<\/p>

INCIDENT THAT OCCURRED<\/strong><\/p>

In 2013, this computer engineer James was cleaning his house and he found the drive of the laptop is in no use, so he threw away that drive. Later, he finds out that the drive which he threw have the private key to his digital wallet, with 8000 bitcoin, which he had mined in 2009 at the time when bitcoin was just introduced, and the crypto currency value is worthless.<\/p>

THE WEALTH<\/strong><\/p>

The value of those 8000 bitcoin in Indian rupees is \u20b9 81,81,459.82 and in US dollar that is $ 91,437.96 and\u00a0 because of fluctuation which is up sometimes have been reached billions, USD.<\/p>

WHAT HE DID AFTER?<\/strong>Howells want that drive so badly that he spent a decade convincing the local council in Newport, Wales to let him dig and find that last drive within landfill site with tons of garbage.<\/p>

OBSTRUCTION<\/strong><\/p>

Despite his request to the local authorities that has been denied because of environmental risks, legal challenges and technical difficulty of searching through tons of waste.<\/p>

ONGOING STATUS<\/strong><\/p>

James did not give up of finding his drive. He got funding from investors assembled team of experts, which include AI and\u00a0\u00a0robot dog and he is not up to it only further he tries to buy the whole landfill of garbage from the council. It\u2019s the private keys which are in those hard drive that have access to bitcoin and James is hunting that lost drive for past 10 years.<\/p>

WHAT DOES CASE SHOWS?<\/strong><\/p>

\u201cNO KEYS, NO CRYPTO\u201d<\/strong><\/p>

This shows that blockchain do bring the decentralisation and giving user full access or control in their hand, but places responsibility too. James Howell story tells us how blockchain is crucial in terms of any mistake. It offers high security, but it also wants user to be fully responsible.<\/p>

At the end in the world of Blockchain, \u201cYour keys is not just access, but it is your lifeline\u201d also \u2018Not all lost treasures is buried in ground, Some of it is lock forever, in a code\u2019.<\/p>

Author:<\/strong><\/p>

Mr. Abhishek Sharma<\/strong><\/p>

Research Scholar<\/strong><\/p>

Co-Author: <\/strong><\/p>

Dr. Gaurav Petkar<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Just like any other technologies, which has evolved over time, Blockchain is one of those modern technology following the same as others like how phones evolved. Ex-telephone> phone> smartphone> foldable phone also car evolution Ex-diesel cars> petrol car > EV car. in the same way, block chain also evolve like barter system> paper money> online … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-318","post","type-post","status-publish","format-standard","hentry","category-blog"],"yoast_head":"\nTHE MAN WITH THE LOST DRIVE: BLOCKCHAIN - ifeel.edu.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifeel.edu.in\/blog\/?p=318\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THE MAN WITH THE LOST DRIVE: BLOCKCHAIN - ifeel.edu.in\" \/>\n<meta property=\"og:description\" content=\"Just like any other technologies, which has evolved over time, Blockchain is one of those modern technology following the same as others like how phones evolved. 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