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Block Chain Technology Overview-MRT

This document provides an overview of blockchain technology. It begins with an introduction to blockchain worlds, describing how blocks are linked using cryptography to form a growing list that records transactions. It then discusses the lifecycle of blockchain-enabled transactions and provides global blockchain market statistics, noting the market size and leading cryptocurrencies. The conclusion acknowledges criticisms of blockchain related to privacy and illegal activities but emphasizes the opportunities it presents for the future of business.

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Manu Ram
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Download as PPTX, PDF, TXT or read online on Scribd
117 views

Block Chain Technology Overview-MRT

This document provides an overview of blockchain technology. It begins with an introduction to blockchain worlds, describing how blocks are linked using cryptography to form a growing list that records transactions. It then discusses the lifecycle of blockchain-enabled transactions and provides global blockchain market statistics, noting the market size and leading cryptocurrencies. The conclusion acknowledges criticisms of blockchain related to privacy and illegal activities but emphasizes the opportunities it presents for the future of business.

Uploaded by

Manu Ram
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Blockchain Technology

An Overview
MRT
AGENDA

 Introduction to Blockchain World

 Blockchain Enabled Transaction Lifecycle

 Global Blockchain Market

 Conclusion
Introduction to Blockchain World
 Blockchain is a growing list of records called blocks
TYPES
 Blocks are linked using cryptography CENTRALIZED DECENTRALIZED DISTRIBUTED

 Each block contains a cryptographic hash of the previous block

 Blockchain records timestamp and is resistant to modification of data

 Blockchain is a distributed ledger which records transactions efficiently

 Blockchain was invented by Satoshi Nakamoto in 2008

 Blockchain is the public transaction ledger of the cryptocurrency bitcoin


Blockchain Enabled Transaction Lifecycle
Global Blockchain Market (1/2)
Global Block Chain Market Size The global market for blockchain at $548 million in
2017 is anticipated to reach $2.31 billion in 2021.

Figures for 2019,2020 &


2021 are estimated Source : Statista Report 2018 (www.statista.com)
Global Blockchain Market (2/2)
ETHEREUM Drivers
CLASSIC Market Cap - Cryptocurrencies  Transparency and immutability
15%
of the distributed ledger
IOTA MIOTA
1%
technology
DASH DASH
 Growing remittance in
1% developing countries
 High cost of remittance across
RIPPLE
8% the border
BITCOIN  Fluctuating monetary
51% regulations
ETHEREUM
 Significant increase in venture
24%
capital investments

BITCOIN ETHEREUM RIPPLE


DASH DASH IOTA MIOTA ETHEREUM CLASSIC

Source – Gartner 2018 report on Crypto currency 33% of Investment Bankers in Wall street have invested in
crypto currencies
Conclusion
 There has been inevitable criticism about the public
nature of the Blockchain and its encroachment on
individual privacy

 Blockchain technology has also been criticized as a forum


for use in illegal activities, and in particular the transfer of
the proceeds of crime

 Organizations will have to give considerable thought to


where and how to apply the Blockchain

 Nevertheless, the technology and/or its derivatives


represent a real opportunity to all those connected with
the future of business.
Thank You

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