ppt on Blockchain Technology
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This document provides an introduction to disruptive blockchain technology. It discusses the history of bitcoin and how the first blockchain network was launched in 2008. It defines blockchain as a growing list of linked data blocks. Blockchain technology features include cutting out middlemen, building consensus across participants, and creating witnesses to published information. Key features include immutable transparent data storage without intermediaries and a consistent state across all participants. Challenges include high energy consumption, scalability issues, and risks of money laundering and personal responsibility. The document outlines potential applications of blockchain in digital currency, securities, record keeping, and smart contracts.
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- 1. Introduction to Disruptive Technologies CSIT-229 By – Ansh Budania A018130520014 (BBA IBAI)
- 3. The history of Bitcoin Idea was published under the name of Satoshi Nakamoto 2008 Start of the Bitcoin Network 2009 First cryptocurrency exchange is launched 2010 One Bitcoin is equals one USD 2011
- 4. Bitcoin X=X Blockchain Blockchain A Blockchain is a growing list of data blocks that are linked together.
- 5. Bitcoin Ecosystem More Participants More security Increased Bitcoin Value
- 6. Features Cutting the middleman. E.g. direct transfer of Bitcoin Building Consensus. Afer a finite time, all participants agree on a single state. E.g. on who owns how many Bitcoin Creating Witnesses. If something is published on a public blockchain, all participants become witness. E.g. OriginStamp create a secure timestamp for documents.
- 7. Key Features • Write-only immutable, transparent data storage • Decentralised, no need for intermediaries • Consistent state acress all participants • Resistant against malicious participants • Open to everyone
- 8. Challenges • Energy Consumption • Scalability • Money Laundering • Personal Responsibilty
- 9. Digital Currency • E-commerce • Global Payments • Remittance • P2P Lending • Microfinance Securities • Equity • Private Markets • Debt • Crowdfunding • Derivatives Record Keeping • Healthcare • Title Records • Ownership • Voting • Intellectual Property Smart Contracts • Digital Rights • Wagers • Escrow Blockchain Applications
- 10. Thankyou