BLOCKCHAIN

TECHNOLOGY
Presented by :
MAYURI SHINDE
Roll no: 60
 CONTENT :
• What is Blockchain?
• History of Blockchain
• Blockchain properties
• The Three Pillars of Blockchain
• Component of Blockchain network
• How Blockchain works
• Centralized VS Distributed Ledger
• Public Blockchain VS Private Blockchain
• Bitcoin VS Blockchain
• Blockchain VS Traditional Banking
• Advantages of Blockchain
• Blockchain user cases
• Disadvantages of blockchain
What is Blockchain?
Blockchain is a system of recording information in a why that
makes it difficult or impossible to change ,hack or cheat the
system.
A blockchain is essentially a digital ledger of Transactions that
is duplicated and distributed across the entire network of
computer system on the blockchain. Each block in the chain
contains several transactions ,and every time a new transaction
occurs on the blockchain a record of that transaction is added to
every participant’s ledger. The decentralized database managed
by multiple participants is known as distributed ledger
technology.
Blockchain is a type of DLT in which transaction are recorded
with an immutable cryptographic signature called as hash.
o Blockchain properties :
1. Immutable records
2. Distributed ledger technology

The Immutability of the ledger means you

can always trust it to be accurate. Being
distributed protect the blockchain from
network attack.
Each transaction or record on the ledger is
stored in a block.
The Three Pillars
of Blockchain : Decentralization means
there is no central point of
control . Instead, decisions
are made via consensus
Security is the ability of a over a distributed network
blockchain to be protected of computer.
from attack. Unfortunately,
exchange and source code
have been hacked on many
occasions , suggesting that Scalability is the ability of the
many developer focus on system to cope with a
scalability and growing number of
decentralization at the transactions.
expense of security. Scalability is crucial for mass
adoption because any system
need to operate efficiently as
more people use it.
Three Components of Blockchain :
There are two types of
Blockchain is
cryptographic keys.
usually referred to
Namely ,public and private
as a public ledger
key . Every individual actively
and the reason is
involved in the blockchain.
because of how
blockchain works .it
essentially
Consensus protocol are
distributed a copy of
methods employed by
the blockchain
blockchain network to reach an
among every
agreement on the authenticity
participant in the
of transactions . Various
network , and it is
consensus protocols exist but
verified by different
the most popular ones are the
node to reach a
proof of stack and proof of work
 How Blockchain
works :

The transaction is then transmitted to a This networks of computers

A new transaction is
network of peer-to-peer computers then solves equations to
entered. scattered across the world. confirm the validity of the
transaction.

These blocks are then chained Once confirmed to be

The transaction is complete.
together creating a long history legitimate transaction ,they are
of all transactions that are clustered together into blocks.
permanent.
 Bitcoin V/S
2.BLOCKCHAIN
1. Bitcoin is cryptocurrency. 1. It is a data structure.
To simplify &increase the 2. To provide a low cost ,safe
speed of transactions &secure environment of
without much of peer-to-peer transactions.
government restrictions. 3. Blockchain can easily
3. Bitcoin is limited trading transfer anything from
as a currency. currencies to property right
4. The scope of bitcoin is of stocks.
limited. 4. The blockchain is more
5. Bitcoin focuses on open to changes & hence
lowering a cost of has the backing of many
influencers & reduce the top companies.
time of transactions but is 5. Blockchain can be adapted
less flexible. to any change &hence it
6. Bitcoin likes to be can cater to different
anonymous & hence even industries.
though we can see the 6. As blockchain works with
transaction in the various business it should
ledger ,they are numbers have compliance with KYC
which are not in any &other norms. Hence
Benefits of Blockchain :
How Industries are Benefitted from
Blockchain :

Supply Chains Food Industry Banking Institutions

When financial institutions
Building trust In the food
replace old processes and
between trading industry ,blockchain can
paperwork with
partners, providing help ensure food safety
blockchain, the benefits
end-to-end visibility, and freshness , and
include removing friction
streamlining reduce waste . In the
and delays and increasing
processes , and event of contamination,
operational efficiencies
resolving issues food can be traced back
across the industry ,
faster with to its source in seconds
including global
blockchain all add up rather than days .
trade ,finance, clearing
to stronger, more
and settlement , consumer
resilient
banking , lending and
Advantages of Blockchain:
1. Trustless
2. Unstoppable
3. Immutable
4. Decentralized
5. Lower Cost
6. Peer-to-Peer
7. Transparent
8. Universal Banking
Disadvantages of
Blockchain:
1. Environmental Impact
2. Personal Responsibility
3. Scalability issue
4. False Narrative
THANK
YOU
ANY QUESTION ?