Blockchain technology ppt
- 1. Presented by: Asritha Mamidi(16711A0540) Dabbugunta Sukanya(16711A0514) Narayana Engineering College , Nellore.
- 2. Blockchain is a decentralized ledger of all transactions across a peer-to-peer network. using this technology , participants can perform transactions without the need for a central certifying authority. Potential applications include fund transfers , settling trades , voting and many others. Business Networks benefit from connectivity – Connected customers, suppliers, banks, partners. Wealth is generated by the flow of goods & services across business network. Anything that is capable of being owned or controlled to produce value, is an asset. Two fundamental types of asset – Tangible, e.g. a house – Intangible e.g. a mortgage.
- 3. How transactions are done?
- 4. 1. is unregulated, censorship-resistant shadow currency. 2. Blockchain ensures “cash like” coin passing •unique, •immutable, •Final. 3. Bitcoin is the first Blockchain application. 4. Digital currencies different from cyptocurrency.
- 5. BitPesa It is a digital foreign exchange and payment platform for frontier markets. Storj It is a crypto currency and digital payment system and is also a blockchain-based digital storage and data retrieval method. Riot Blockchain Formerly a biotech company called Bioptix, the company rebranded and is now listed on the NASDAQ exchange under ticker symbol RIOT, making it the first purely Blockchain focused public US stock.
- 6. Golem Golem is a global, open source, decentralized supercomputer that anyone can access. It is made up of the combined power of users’ machines, from PCs to entire data centers. Open Bazaar It is one of the first marketplaces that accepts cryptocurrency for transactions. Think of it like a hybrid of eBay and Etsy that runs on cryptocurrency and charges no fees. Chronicled The coolest features allow for better supply chain control and management and anti-fraud opportunities to protect brand integrity around the world.
- 7. Transparency Users or developers have the opportunity to modify it as they see fit. This makes blockchain a particularly secure technology. Reduced transaction costs Blockchain allows peer-to-peer and business-to- business transactions to be completed without the need for a third party. it means they can actually reduce costs to the user or businesses over time.
- 8. Faster transaction settlements Blockchain technology is working 24 hours a day, seven days a week, meaning blockchain-based transactions process considerably more quickly. Decentralization Blockchain actually allows individual transactions to have their own proof of validity and the authorization to enforce those constraints.
- 9. User-controlled networks Rather than having a third party run the show, users and developers are the ones who get to call the shots.
- 10. Smart Contracts The Project is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Cloud Storage Simply using excess hard drive space, users could store the traditional cloud 300 times over.
- 11. Supply-Chain Communications & Proof-of- Provenance Most of the things we buy aren’t made by a single entity, but by a chain of suppliers who sell their components (e.g., graphite for pencils) to a company that assembles and markets the final product. Paying Employees payments made via Bitcoin can save both money and time for employers and employees. Electronic Voting Delegated Proof of Stake (DPOS) is the fastest, most efficient, most decentralized, and most flexible consensus model available.
- 12. Blockchain is a shared, replicated ledger. IBM supports an open standards, open source, open governance Blockchain. Blockchain can open up business networks by taking out cost, improving efficiencies and increase accessibility. Blockchain addresses an exciting and topical set of business challenges, which cross every industry.