Blockchain Basics

Welcome to the world of blockchain! In this presentation, we will explore what

blockchain is, how it works, its key characteristics, applications, benefits,
challenges, limitations, and the future of this revolutionary technology.
What is Blockchain?
Blockchain is a decentralized and transparent digital ledger that records transactions across multiple
computers. It enables secure and tamper-proof peer-to-peer transactions without the need for
intermediaries.
How Does It Work?
1 Transaction Creation
A user initiates a transaction, creating a digital record that includes relevant details.

2 Verification & Validation

The transaction is validated and verified by network participants known as miners
using cryptographic algorithms.

3 Adding to the Blockchain

Once validated, the transaction is added to a block, which is then linked to
previous blocks using complex mathematical calculations.
Key Characteristics of Blockchain
Decentralization
Blockchain operates on a peer-to-peer
network, eliminating the need for a central
authority.
Immutability
Once a transaction is recorded on the
blockchain, it cannot be altered or deleted,
ensuring data integrity.
Transparency
All transactions on the blockchain are visible
to all participants, promoting accountability
and trust.
Security
Blockchain uses advanced cryptographic
techniques to secure transactions and
prevent fraud.
Blockchain Applications
Finance
Blockchain revolutionizes the
financial industry with
applications like digital
currencies, smart contracts,
and transparent auditing.
Supply Chain
By tracking and verifying the
movement of goods,
blockchain enhances
transparency, reduces fraud,
and improves efficiency in
supply chain management.
Healthcare
Blockchain can securely store
and share patient data,
streamlining processes,
improving data accuracy, and
enhancing patient privacy.
Benefits of Blockchain Technology
1 Trust & Security
Decentralization and immutability
make blockchain highly secure,
reducing the risk of fraud and data
tampering.
2 Efficiency & Cost Savings
Automation, elimination of
intermediaries, and streamlined
processes lead to increased efficiency
and reduced costs.

3 Transparency & Accountability

Every transaction is visible to all participants, promoting transparency and creating a
trustless environment.
Challenges and Limitations of Blockchain
Scalability
The current blockchain
infrastructure faces
scalability challenges,
limiting its ability to handle a
large number of transactions.
Regulatory Issues
The lack of regulatory
frameworks and legal clarity
poses challenges for
widespread adoption and
integration of blockchain
technology.
Energy
Consumption
Mining processes in some
blockchain networks
consume significant amounts
of energy, raising concerns
about environmental
sustainability.
Future of Blockchain
The future of blockchain holds immense potential. As the technology continues to evolve, we can expect
greater scalability, improved interoperability, wider adoption across industries, and exciting new
applications yet to be imagined.