A detail on Block Chain - World Reconking.pptx

Block Chain information

1. OSCM 5130 - Group 5

2. Agenda Introduction What is Blockchain ? How does it work? Characteristics of Block Chain

3. Introduction Fatima to populate section

4. A n incorruptible digital ledger of economic transactions P rogrammed to record not only financial transactions but everything of value as well Record keeping technology S ecure communication with cryptographic techniques What is Blockchain?

5. Chain Chain formation through adding billions of blocks

6. How Does Block Chain Work? Occurrence of Transaction Record formation Verification of record by nodes (computers) over the network to ensure validity

7. Process…… Addition of record in Block Once verified, record is added to block

8. Process…… Using cryptographic techniques, securing blocks through hashes Each Block contains hashes of previous block Hashes connect blocks in specific order

9. Characteristics of Block Chain Fast Transactions Secure Communication Transparent peer-to-peer transactions Decentralized

10. Blockchain in Business Born to support Cryptocurrencies Public, Private and Hybrid Blockchains Trust and credibility Chronological shared view in real time of all the registries Peniasquito mine, Goldcorp, MExico. Minehub Digitizing and validating the supply chain Enhanced transparency Trust and credibility

11. Blockchain in Business https://www.forbes.com/sites/stevebanker/2019/02/02/2019-is-the-year-for-blockchain-for-traceability-but-will-it-have-legs/#8e60f1f3dcc4 https://www.forbes.com.mx/como-trabaja-el-blockchain-en-sectores-como-la-mineria/amp/

12. Innovation Potential The blockchain uses we will discuss here include the following: Banking Supply chain Connected Car Healthcare Internet of Things Identity Marriage Certificates Insurance Wills Food Safety Guys Points can be added and changes can be made. I have made it according to my understanding

13. Innovation potential P otential to be game changers in businesses - Opportunities and Challenges In Logistics & Supply Chain Aspects 3 Big Benefits of a Digital Supply Chain Blockchain Data Security for Digital Supply Chains Easy, Trustworthy Authentication & Validation Better Supply Chain Tracking & Transparency Innovative supply chain tracking technologies built on blockchain are enabling better information sharing, more transparency, and greater accountability than previous ERPs or inventory and logistics tracking solutions. Thanks to the cloud and constant supply chain connectivity and tracking solutions, it’s far easier to both connect disparate divisions as well as improve cohesion and process efficiencies throughout a supply chain operation — even on a global scale. Guys Points can be added and changes can be made. I have made it according t o my understanding .

14. Conclusions Benefits: Transparent, Incorruptible, Increased Traceability, Secure and public, Digital Trust Demerit: its kinda hard to understand the concept of Blockchain, even if the essence is not that complicated The more users you have watching each others backs improves the overall trust and transparency of the system. (example of a 2 guys system) Whenever you need to build a decentralized system that stores unalterable data records, Blockchain is what you are looking for. In next 10 years there will be a great implementation in industries that will soon use blockchain technology are Banking,Payments,Health and Logistics. Guys Points can be added and changes can be made. I have made it according to my understanding

15. Conclusions Recommended video: https://www.youtube.com/watch?v=3xGLc-zz9cA Thank you!