Blockchain is the technology set to change the way we deal with money. With the development of this decentralized ledger system – a host of opportunities have opened up. Industries today are using blockchain technologies to increase efficiency and solve business problems associated with data priva...
Blockchain is the technology set to change the way we deal with money. With the development of this decentralized ledger system – a host of opportunities have opened up. Industries today are using blockchain technologies to increase efficiency and solve business problems associated with data privacy, security, information sharing, and inclusion. This technology can create value for business through cost-savings and efficiencies – in terms of speed and simplicity. Moreover, blockchains are set to replace the traditional banking system which makes it pertinent for the legal fraternity to understand its impact on the commercial transaction.
Size: 1.17 MB
Language: en
Added: Oct 02, 2018
Slides: 11 pages
Slide Content
DELVING INTO BLOCKCHAIN
RamarBose (PhD)
https://www.linkedin.com/in/ramar-bose-0a60a4132/
Introduction on Minitab
Introduction to Blockchain
Ablockchainisdefinedasapeertopeerdistributedledgerforgedby
consensus,combinedwithasystemforsmartcontracts.
TheBitcoinWhitePaperwaspublishedbySatoshiNakamotoin2008;thefirstBitcoinblockgotminedin
2009.SincetheBitcoinprotocolisopensource,anyonecouldtaketheprotocol,forkit(modifythecode),
andstarttheirownversionofP2Pmoney.Manyso-calledaltcoinsemergedandtriedtobeabetter,fasteror
moreanonymousthanBitcoin.Soonthecodewasnotonlyalteredtocreatebettercryptocurrencies,but
someprojectsalsotriedtoaltertheideaofblockchainbeyondtheusecaseofP2Pmoney.