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  • Block Chain Technology Basics

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    shankar
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    Blockchain is a decentralized digital ledger used to record transactions across multiple computers. It was invented in 2008 to serve as the public transaction ledger for the cryptocurrency Bitcoin. Blockchains provide advantages like transparency, reduced costs, security from hacking, trust, and traceability. Potential applications include payment processing, supply chain monitoring, digital IDs, data sharing, voting, and real estate/title transfers.

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    This document gives basic idea of how block chain works.

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    Blockchain

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    Blockchain is a decentralized digital ledger used to record transactions across multiple computers. It was invented in 2008 to serve as the public transaction ledger for the cryptocurrency Bitcoin. Blockchains provide advantages like transparency, reduced costs, security from hacking, trust, and traceability. Potential applications include payment processing, supply chain monitoring, digital IDs, data sharing, voting, and real estate/title transfers.

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    6 views11 pages

    Block Chain Technology Basics

    Uploaded by

    shankar
    Blockchain is a decentralized digital ledger used to record transactions across multiple computers. It was invented in 2008 to serve as the public transaction ledger for the cryptocurrency Bitcoin. Blockchains provide advantages like transparency, reduced costs, security from hacking, trust, and traceability. Potential applications include payment processing, supply chain monitoring, digital IDs, data sharing, voting, and real estate/title transfers.

    Copyright:

    © All Rights Reserved
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    of 11

    BLOCK CHAIN

    TECHNOLOGY BASICS
    - Shankar R
    Learning's
    • Block Chain
    • Illustration
    • Example
    • Advantages
    • Application
    BLOCK CHAIN
    • A blockchain is a decentralized, distributed, and
    oftentimes public, digital ledger that is used to
    record transactions across many computers

    • Blockchain was invented by a person (or group of


    people) using the name Satoshi Nakamoto in 2008
    to serve as the public transaction ledger of the 
    cryptocurrency bitcoin.
    Illustration
    Illustration
    Illustration
    Example
    Advantage
    • Transparency
    • Reduced transaction cost
    • Hack free network
    • Trust
    • Traceability
    Hack free Network
    Application
    • Payment processing and money transfers
    • Monitor supply chains
    • Digital IDs
    • Data sharing
    • Digital voting
    • Real estate, land, and auto title transfers etc..,
    gd56hj6bb2v5j6k2h3vjh
    (Thank You)

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