17041873977 -Blockchain_BtechECEProject.pptx

Block Chain

1. BLOCKCHAIN TECHNOLOGY Presented by: Harshveer Mand

2. No Central Authority to Regulate

3. VARIOUS WAYS TO STORE INFO

4. What is Blockchain Technology A decentralized way to store the DATA

5. Continuously growing list digital records in packages (called blocks) linked and secured using cryptography. These digitally recorded “blocks” of data are stored in a linear chain . Each block in the chain containing data is cryptographically hashed, and time stamped. The blocks of hashed data draw upon the previous-block (which came before it) in the chain, ensuring all data in the overall “blockchain” has not been tampered with and has not been altered.

6. How transactions are done

7. Hence DATA TEMPERING ??

8. Mining, in the context of block chain technology, is  the process of adding transactions to the large distributed public ledger of existing transactions , known as the block chain.

9. PRACTICAL APPLICATION

10. Programming languages used to develop Blockchain: C++ Java Python Ruby Solidity Go C# Javascript Rust PHP

11. THANK YOU !!

12. Uses/Applications of BLOCKCHAIN Asset Management: Trade Processing and Settlement Insurance: Claims processing Payments: Cross-Border Payments Unconventional money lenders/ hard money lending Your car/ smartphone Blockchain Internet-of-Things (IoT) Smart Appliances Supply Chain Sensors Blockchain Healthcare Blockchain music

13. Advantages of Blockchain It is a Decentralized System. The Blockchain is Transparent. The Blockchain is More Secure. Faster and Cost Effective. It is Immutable. Ease of use Transparency It Can Record Historical and Current Records In One Place. User Empower. No Downtime. Peer 2 peer network

14. Disadvantages of Blockchain Complexity. Size of Blockchain. Need More Resources. Human Errors. Signature verification is computationally complex Consensus mechanisms . Redundancy . Large energy consumption Uncertain regulatory status Nascent technology Integration concerns

15. Future of Blockchain technology Government Crypto Trillion-Dollar Protocols Blockchain Identity for All World Trade on a Blockchain ( Blockchain4Good)

16. Conclusions Blockchain technology could be quite complementary in a possibility space for the future world that includes both centralized and decentralized models. Like any new technology, the blockchain is an idea that initially disrupts, and over time it could promote the development of a larger ecosystem that includes both the old way and the new innovation. Some historical examples are that the advent of the radio in fact led to increased record sales, and ereaders such as the Kindle have increased book sales. Now, we obtain news from the  New York Times , blogs, Twitter, and personalized drone feeds alike. We consume media from both large entertainment companies and YouTube. Thus, over time, blockchain technology could exist in a larger ecosystem with both centralized and decentralized models.