You are on page 1of 11

BENGAL COLLEGE OF

POLYTECHNIC

Department of Computer science and Technology

Under the guidance of,


Mr.Ashish Das
Miss.Mithu Mal
Lecturer, BCP

Dept. of CST, Bengal College of Polytechnic, Durgapur Presented By,


Harsh Kumar Yadav (Registration No.: D202101945)
Satyam Kumar (Registraion No.: D212220145)
Introduction
Blockchain could be a data structure that could be a growing list of information blocks.
The knowledge blocks area unit coupled along, such recent blocks can’t be removed or
altered. Blockchain is the backbone Technology of the Digital CryptoCurrency BitCoin.
The blockchain is a distributed database of records of all transactions or digital events
that have been executed and shared among participating parties. Each transaction is
verified by the majority of participants of the system. It contains every single record of
each transaction. Bitcoin is the most popular cryptocurrency an example of the
blockchain. Blockchain Technology first came to light when a person or Group of
individuals name ‘Satoshi Nakamoto’ published a white paper on “BitCoin: A peer-to-
peer electronic cash system” in 2008. Blockchain Technology Records Transaction in
Digital Ledger which is distributed over the Network thus making it incorruptible.
Anything of value like Land Assets, Cars, etc. can be recorded on Blockchain as a
Transaction. 
What is Blockchain?
• Blockchain is a type of shared database that differs from a typical database
in the way it stores information; blockchains store data in blocks linked
together via cryptography.

• Different types of information can be stored on a blockchain, but the most


common use for transactions has been as a ledger. 

• In Bitcoin’s case, blockchain is decentralized so that no single person or


group has control—instead, all users collectively retain control.

• Decentralized blockchains are immutable, which means that the data


entered is irreversible. For Bitcoin, transactions are permanently recorded
and viewable to anyone.
How transaction are done ?
Uses Of BlockChain :

As we now know, blocks on Bitcoin’s blockchain store transactional data.


Today, more than 23,000 other cryptocurrency systems are running on a
blockchain. But it turns out that blockchain is a reliable way of storing data
about other types of transactions.

Some companies experimenting with blockchain include Walmart, Pfizer,


AIG, Siemens, and Unilever, among others.

For example, IBM has created its Food Trust blockchain to trace the journey
that food products take to get to their locations.
Advantages :
Continue :
Applications :

Top Block Chain Application:-

• Money transfer
• Smart contracts
• Internet of Things (IoT)
• Personal identity security
• Healthcare
• Logistics
• Non-fungible tokens (NFTs)
• Government
• Media
Conclusion
Blockchain is a shared, replicated ledger.

IBM supports an open standards, open source, open governance Blockchain.

Blockchain can open up business netwroks by taking out cost,


Imporving efficiencies and increase accessibility.

Blockchain addresses an exciting and topical set of business


Challenges, which cross every industry.
References :

https://www.freepik.com/free-photos-vectors/blockchain-background

https://www.investopedia.com/terms/b/blockchain.asp

https://www.ibm.com/topics/blockchain

You might also like