BLOCKCHAIN

Chain of blocks where each block contains valuable data without any
central supervision.

Distributed Ledger

Consensus-driven distributed database that modifies itself based on

the content of valid transactions according to a set of specified rules

WHAT IS BLOCKCHAIN?
 First conceptualised in 2008 by person or
group of person Satoshi Nakamoto

Genesis A Digital Platform that is a sum of below

attributes:
of • Distributed
Blockchai • Immutable
• Shared Governance
n • Anonymous

Applications on various industries like Banking,

Financial , Healthcare, e-commerce etc.
Shared and
distributed

Centralized Distributed

Centralized Governance Shared Governance

Server client Architecture P2P architecture

Known Identity Anonymous Identity

Types of Blockchain
Private
Public Blockchain Blockchain

1. Public Consensus is Easy to get

 Eg. Bitcoin ,Ethereum tough. consensus
2. Private
 Eg. Bankchain
Distributed Centralized
3. Consortium control control
 Group of people controlling
4. Hybrid
Selected few
Anyone can verify people verify the
the transaction
transaction
Blockchain Working Explained …
Some Consensus Mechanisms
 NODES MINERS WALLETS

Concepts

BITCOIN PAYMENT SMART

EXCHANGE PROCESSORS CONTRACTS
 Public and Private Keys

Hashing

Cryptography

Embedded Concepts
Blockchain blocks diagram
SCOPE-STANDARDIZATION-
CONTROL
4

3
School of where Blockchain can be used
Thought
2

Partially
Centralized Centralized De Centralized

People ICT Control

o n Process
ti
iza 4th school of Thought : Finance firms
a rd 3rd school of Thought : Walmart, Amazon
a nd Data
St 2nd school of thought : FBI

Tech
Do you
need
Blockchain
?
PEPSI AMERICAS BOSSARD
WESTJET AIRLINES PHILIPS HEALTHCARE
TOYOTA Motors

Mo
b ilit
y fo
r AL
L
syste m
i l e Eco
Mo b
 Blockchain as a Service

• Microsoft has partnered with ConsenSys to

Components
offer Ethereum Blockchain as a Service
(EBaaS) on Microsoft Azure. Data

• IBM(BueMix) has partnered with Technology

Hyperledger to offer BaaS to its customers.

• Amazon will offer this service in

collaboration with the Digital Currency
Group.
FINANCIAL SERVICES
Some Blockchain currencies
SMART PROPERTY
SMART CONTRACTS
Blockchain Identity
Advantages
Current State of adoption
Current Limitations of Blockchains

• Network speed/ Transaction cost

• In 2009, reward was 50 bitcoins
now 12.5 bitcoins
• Less reward in bitcoins will lead to
higher transactional fees
• Storage issues
• Scalability Issues
• Ripple claims to do 1500 txs/sec but not
tested on real live data

• Irreversible Nature
• Security Issue
 Way
Forward
for
Blockchain
Technology
THANK YOU
QUESTIONS
Use Cases
Decentralized access control system