BLOCKCHAIN

TECHNOLOGY:
REVOLUTIONIZING INDUSTRIES

By:
Waleed Muzaffar
Shehroz Ashraf Khan
Muhammad Ameer Hamza
Maleek Ahsan
Sheraz Tariq
Sarmad Fitness
B L O C K C H A I N T E C H N O L O G Y: R E VO L U T I O N I Z I N G
INDUSTRIES

CONTENT
•Introduction
•What is Blockchain Technology
•How it works?
•Application
•Advantages
•Drawbacks
•Trends
•Impacts
•Conclusion

12/06/2023 2
 B L O C K C H A I N T E C H N O L O G Y: REVOLUTIONIZING INDUSTRIES

Introduction
The blockchain technology is a decentralized and
distributed ledger that keeps a record of all the transactions
on the network. It provides a transparency and security that
was previously unheard of in the digital world.

12/08/2023 3
 BLO CK CH AIN TECH NO LO G Y: REVOLUTIONIZING
INDUSTRIES

What is Blockchain Technology?

Definition:
Blockchain is a digital ledger that enables
secure data exchange, tamper-proof record
keeping, and smart contract execution.
Security:
Secured by cryptography, decentralized
architecture, and consensus mechanisms,
blockchain technology provides an
unparalleled level of security and
transparency.
12/08/2023 4
 FA C E - R E C O G N I T I O N - B A S E D - AT T E N D A N C E -
What is
Blockchain

SYSTEM
Technology?
•Smart Contracts
•Smart contracts enable automatic, verifiable,
and enforceable execution of agreements
without the need for intermediaries.
•Digital Currencies
•Bitcoin, Ethereum, and other
cryptocurrencies use blockchain technology
to provide secure, fast and low-cost cross-
border payments.

12/08/2023 5
How Does Blockchain Work?
Data Structure:
• Blocks are linked together in a
chain, forming a decentralized
and tamper-proof database.
Transactions and Verification:
• Transactions are validated, verified
and included in blocks using
cryptographic algorithms.
Consensus Mechanisms:
• Miners, validators, or nodes reach
consensus on the validity of
transactions and the state of the
network.
Smart Contracts Execution:
• Smart contracts enable automated execution
of business logic by triggering pre-defined
code.
Applications of Blockchain Technology
Supply Chain Management
Blockchain technology enables
tracking, tracing, and verification of
products and services throughout
the supply chain, reducing fraud,
errors, and delays.
. faster, cheaper, and more secure
Identity and KYC
Blockchain technology provides a
secure, decentralized, and immutable
way to verify and manage identity,
enhancing privacy and security while
reducing costs and friction.
Financial Services
Blockchain technology enables
cross-border payments,
fundraising, and asset
management, as well as
financial inclusion and access to
new markets.
Advantages of Using

R E VO L U T I O N I Z I N G I N D U S T R I E S
B L O C K C H A I N T E C H N O L O G Y:
Blockchain
Technology
•Security:
Blockchain technology provides unparalleled security
and transparency, reducing fraud, errors, and disputes.

•Efficiency:
Blockchain technology enables faster, cheaper, and more
seamless transactions, automation, and trust.

12/08/2023 8
Advantages of Using

R E VO L U T I O N I Z I N G I N D U S T R I E S
B L O C K C H A I N T E C H N O L O G Y:
Blockchain
Technology
•Innovation:
Blockchain technology enables new business models, use cases, and
value creation, as well as community building and collaboration.

•Decentralization:
Blockchain technology enables a more decentralized, democratic,
and resilient society, reducing the need for intermediaries and enabling
greater participation and inclusion.

12/08/2023 9
 10

BLOCKCHAIN TECHNOLOGY:
REVOLUTIONIZING INDUSTRIES

Potential Drawbacks of Using Blockchain

Technology
• Scalability and performance issues at scale
• Environmental impact and energy consumption of
mining
• Regulatory and legal challenges, uncertainty, and
complexity
• Privacy and data protection concerns, especially in
public blockchains
Current and Future Trends in Blockchain
Development
Interoperability and Integration:
• Developing standards,
protocols, and APIs to enable
interoperability and integration
with existing systems and
platforms.
Privacy and Confidentiality:
• Developing privacy- preserving
technologies, such as zero-
knowledge proofs, ring signatures,
and secure multiparty computation,
to enable confidential and secure
transactions.
Scalability and Performance:
• Adopting new consensus mechanisms,
shading, off- chain solutions, and Layer
2 protocols to address scalability and
performance issues.
DeFi and NFTs:
• Building new decentralized finance (DeFi)
and non- fungible token (NFT)
applications and markets that enable new
business models, creativity, and value
creation.
 FACE-RECOGNITION-BASED-ATTENDANCE-SYSTEM

The Future of Blockchain Technology

The future of blockchain technology is undeniably promising. With more industries and companies
embracing it, it is expected to revolutionize various sectors of the economy. Some future
applications of blockchain technology include:

Smart Contracts: Enterprise Blockchain Solutions:

• A self-executing digital contract
that automatically validates,
verifies, and executes all the terms
of an agreement
• In the bid to increase efficiency,
enterprises will build their own
blockchain solutions to create
immutable records and secure data
storage.

12/08/2023 12
 BLO CK CH AIN TECH NO LO G Y: REVOLUTIONIZING
INDUSTRIES

Potential Impact of Blockchain Technology on

Society
Efficient:
Blockchain technology can reduce the need for intermediaries and increase the efficiency, transparency, and
security of transactions and operations.

Disruptive:
Blockchain technology can enable new business models, better access to finance and markets, and greater
community participation and collaboration.

Transformative:
Blockchain technology can transform industries, government, and society by enabling greater trust,
transparency, and accountability, as well as more decentralization and democracy.
12/08/2023 13
 14

CONCLUSION
With blockchain technology, the future is bright - a world
where we have increased transparency, security and
BLOCKCHAIN TECHNOLOGY:

reduced costs.
REVOLUTIONIZING INDUSTRIES

Join the Revolution Now

FACE-RECOGNITION-BASED-A
TTENDANCE-SYSTEM
12/08/2023

THANK YOU
15