BLOCKCHAIN TECHNOLOGY

presentation by
A.Charishma Reddy
ECE-B
320126512067
Ever wondered if there’s an easier way to complete
transactions??
Without having to deal with
1) online wallets
2) banks
3) third party applications

It is possible !!!
Thanks to BLOCKCHAIN TECHNOLOGY….
Why Do Transactions Fail?
• Imagine two people are making a money transaction. Now,
assuming the sender has properly sent the money from his
bank, there’s no chance the transaction will fail, right?
Actually, there are several things that can go wrong, including: 
1.Something could have gone wrong at the bank (such as a
technical issue)
2.The sender’s account could have been hacked.
3.The transfer limits of the day could have been exceeded.
4.Debited from one account, never credited on the other side.
5.Issues with data.
What is a Cryptocurrency?
• A cryptocurrency is a form of digital currency that can be used
to verify the transfer of assets, control the addition of new units,
and secure financial transactions using cryptography.
DIFFERENT TYPES OF CRYPTO
CURRENCIES
PROCESS OF TRANSACTION
• Blockchain defined: Blockchain is a shared, immutable ledger that
facilitates the process of recording transactions and tracking assets in a
business network. An asset can be tangible (a house, car, cash, land) or
intangible (intellectual property, patents, copyrights, branding).
Virtually anything of value can be tracked and traded on a blockchain
network, reducing risk and cutting costs for all involved.
• Blockchain technology is a structure that stores transactional
records, also known as the block, of the public in several
databases, known as the “chain,” in a network connected
through peer-to-peer nodes. Typically, this storage is referred to
as a ‘digital ledger.’
• Blockchain is a combination of three leading technologies:
1.Cryptographic keys
2.A peer-to-peer network containing a shared ledger
3.A means of computing, to store the transactions and records of the
network
• Cryptography keys consist of two keys – Private key and Public key.
These keys help in performing successful transactions between two
parties. Each individual has these two keys, which they use to
produce a secure digital identity reference. This secured identity is
the most important aspect of Blockchain technology. In the world of
cryptocurrency, this identity is referred to as ‘digital signature’ and is
used for authorizing and controlling transactions.
Why is Blockchain Popular?
• Highly Secure
• It uses a digital signature feature to conduct fraud-free transactions
making it impossible to corrupt or change the data of an individual by the
other users without a specific digital signature.
• Decentralized System
• Conventionally, you need the approval of regulatory authorities like a
government or bank for transactions; however, with Blockchain,
transactions are done with the mutual consensus of users resulting in
smoother, safer, and faster transactions.
• Automation Capability
• It is programmable and can generate systematic actions, events, and
payments automatically when the criteria of the trigger are met.