Introduction to Blockchain

Dr. Farheen Akram

Examples
Key Components of Blockchain
How Does a Blockchain
Work?
 The working of blockchain is straightforward. As it
is a peer-to-peer network, a user needs to start a
transaction. Once done, a block is allocated to the
said transaction. The transaction block is also
broadcasted to the network, and all the nodes in the
network get the said information. The block is then
mined and validated. It is also added to the chain,
followed by a successful transaction.
Seat work

 Chain paper:
 What are the disadvantages of
Blockchain technology?
 Directions:
 Take one piece of paper from your
notebook and write 1 disadvantage of
blockchain then pass this paper to the
next student. Please do not repeat the
same point again.
 Smart contracts are simply programs stored on a blockchain that
run when predetermined conditions are met. They typically are used
to automate the execution of an agreement so that all participants can
be immediately certain of the outcome, without any intermediary’s
involvement or time loss. They can also automate a workflow,
triggering the next action when conditions are met.