Blockchain Technology

1. BLOCKCHAIN TECHNOLOGY
THE WHOLE POINT OF USING A BLOCKCHAIN IS TO LET PEOPLE — IN PARTICULAR, PEOPLE WHO DON'T TRUST
ONE ANOTHER — SHARE VALUABLE DATA IN A SECURE, TAMPERPROOF WAY.
---BY
SYED TASLEEMA(207R1A6653) ; CSM-A
RODDA JHANSI(207R1A6646) ; CSM-A

2. INTRODUCTION
Blockchain technology is most simply
defined as a decentralized, distributed
ledger that records the provenance of a
digital asset.
The generally accepted definition of
a blockchain is "a distributed ledger with
smart contracts".

3. HOW DOES BLOCKCHAIN WORK?
Blockchain consists of three important concepts:
• Blocks
• Miners
• Nodes

5. WHAT BLOCKCHAIN TECHNOLOGY IS NOT!
• Blockchain technology is not entirely all about bitcoins.
• Blockchain is not a product
• Blockchain is not needed in the absence of a business network:

6. APPLICATIONS OF BLOCKCHAIN
• Finance sector
• Cybersecurity
• Cloud storage
• IoT and networking.
• Digital advertising
• Supply chain management
• National digital currencies
• Government agencies

7. A QUICK OVERVIEW
• A blockchain is a database that stores encrypted blocks of data then chains them
together to form a chronological single-source-of-truth for the data
• Digital assets are distributed instead of copied or transferred, creating an immutable
record of an asset
• The asset is decentralized, allowing full real-time access and transparency to the public
• A transparent ledger of changes preserves integrity of the document, which creates
trust in the asset.
• Blockchain’s inherent security measures and public ledger make it a prime technology
for almost every single sector.