BLOCKCHAI

N
TECHNOLOG
Y
TEAM
MEMBERS
ARYAN MISHRA (20051825)
HARITIK BHOGAL(20051870)
RAHUL KUMAR(20051795)
SAKET SUMAN(20051863)
 TABLE OF CONTENTS

INTRODUCTION Decentralization,
01 WHAT AND HOW
BLOCKHAIN WORKS?
02 Security, Use
Cases

FAMOUS
BENEFITS, CRYPTOCURRIE
03 CHALLENGES
AND FUTURE 04 NCES, USAGES,
FUTURE.
TRENDS CONCLUSION
DEFINITION
 A blockchain is a digitally
distributed, decentralized, public
ledger that exists across a network.
 INTRODUCTION
 Blockchain is a revolutionary technology
that's changing the way we think about
digital transactions.

 At its core, blockchain is a decentralized,

distributed ledger that brings increased
security and transparency to various
industries.

 In this presentation, we'll explore the inner

workings of blockchain and its practical
applications.
 HOW IT WORKS?
 Blockchain operates through a chain of
data blocks, each containing a set of
transactions.
 These transactions are grouped together
and secured using cryptographic
techniques.
 The integrity of the blockchain is
maintained through consensus mechanisms
like proof of work or proof of stake.
 Once a block is added to the chain, it
becomes immutable, making the entire
ledger tamper-proof.
 DECENTRALIZATION IN BLOCKCHAIN

 No Central Authority: Unlike traditional centralized systems, there is no

central authority (e.g., a bank or government) in control of the blockchain
network.

 Transparency and Immutability: Transactions recorded on a decentralized

blockchain are transparent and immutable. Once data is added to the
blockchain, it is extremely difficult to alter or erase, ensuring the integrity of
the historical record.

 Permissionless vs. Permissioned: Blockchain networks can be

permissionless (open to anyone) or permissioned (restricted to a specific
group of participants).Permissionless blockchains, like Bitcoin and
Ethereum, are fully open to anyone, while permissioned blockchains are
controlled by a defined group of participants.
 SECURITY IN BLOCKCHAIN
 Access Control: Access to blockchain networks can be controlled through
permissions and cryptographic keys. This ensures that only authorized
participants can interact with the blockchain.

 Immutable Ledger: Once data is added to the blockchain, it's nearly impossible
to alter or delete. This immutability ensures a tamper-resistant historical record,
enhancing security.

 Public vs. Private Blockchains: Public blockchains are open and transparent,
relying on the power of the network for security. Private blockchains are more
controlled and are typically used within a defined group, providing more control
over security.
 USE CASES IN BLOCKCHAIN
 Real Estate: Blockchain simplifies property transactions by
providing transparent and unchangeable records of ownership and
history, reducing the risk of property fraud.

 Gaming and Collectibles: Blockchain-based tokens and non-

fungible tokens (NFTs) enable digital ownership and scarcity,
making them suitable for in-game items, digital collectibles, and art.

 Healthcare: Blockchain can securely store and manage patient

health records, ensuring data integrity and enabling patients to
have control over their information. It also aids in drug traceability
and clinical trials.UNESCO also started taking funds for children in
cryptocurrency.
 Famous Cryptocurrency in Blockchain

Bitcoin (BTC): Bitcoin is the first and most widely recognized

cryptocurrency. It was created by an anonymous person or group of
people using the pseudonym Satoshi Nakamoto in 2009.

El Salvador made international headlines in September 2021 by

becoming the first country in the world to officially adopt Bitcoin (BTC)
as legal tender alongside the US dollar.

Marshall Islands has taken a different approach in the world of

cryptocurrency. This Pacific island nation is known for its plans to
create its own digital currency, known as the "Sovereign" (SOV), which
would be used as an official digital legal tender alongside the US
dollar.
 BENEFITS OF BLOCKCHAIN
 Blockchain offers several advantages, including enhanced
security due to its decentralized nature.

 It provides transparency by allowing participants to view the

entire transaction history.

 Efficiency is improved by reducing the need for intermediaries

and streamlining processes.

 Cost savings can be realized through reduced fees and

transaction costs.

 Smart contracts, a blockchain feature, enable automated and

trustless agreements.
 CHALLENGES IN BLOCKCHAIN
 While blockchain has many advantages, it's not without
challenges.

 Scalability issues can arise as more transactions are added to

the chain.

 Energy consumption is a concern, particularly for

cryptocurrencies that use proof of work.

 Regulatory and legal uncertainties in various regions can hinder

adoption.

 The technology is still evolving, and there may be security

vulnerabilities.
 Regulatory Environment for Blockchain
 1.Lack of Uniformity: There is no uniform global regulatory
framework for blockchain technology and cryptocurrencies. Each
country has its own approach and regulations.

 2.Anti-Money Laundering (AML) and Know Your Customer (KYC)

Requirements: Many countries impose AML and KYC regulations
on cryptocurrency exchanges and wallet providers to prevent
illegal activities and promote transparency.

 3.Taxation: Taxation of cryptocurrencies varies by jurisdiction.

Some countries tax crypto transactions, capital gains, or mining
rewards. The tax treatment can significantly impact the financial
aspects of blockchain activities.
 BLOCKCHAIN IN FINANCE
 Key Use Case:

 1.Digital Payments
 2.Smart Contracts
 3.Digital Identity
 4.Trade Finance
 5.Asset Management

 The key application of blockchain in finance is its ability to

efficiently establish trust through smart contracts. Blockchain can
securely streamline data verification and claims processing,
reducing processing time significantly.
 BLOCKCHAIN IN SUPPLY CHAIN

 By utilizing a distributed ledger, companies within a supply chain gain transparency

into shipment tracking, deliveries, and progress among other suppliers where no
inherent trust exists.
 BLOCKCHAIN IN HEALTH CARE

 Electronic medical records stored in a blockchain, accessed and updated via

biometrics, allow for the democratization of patient data and alleviate the burden of
transferring records among providers.
 FUTURE TRENDS IN BLOCKCHAIN
 Blockchain continues to evolve and adapt, with several
promising trends on the horizon.

 Interoperability between different blockchains is becoming a

focus, enabling more seamless data exchange.

 Private and consortium blockchains are gaining popularity in

various industries.

 Increased use of blockchain in supply chain management,

healthcare, and IoT is anticipated.

 Quantum-resistant cryptography is being explored to enhance

blockchain security.
 CONCLUSION
 Blockchain technology represents a revolutionary shift in how we
conduct digital transactions and maintain trust.

 Throughout this presentation, we've explored the fundamental

principles, benefits, challenges, and future trends of blockchain.

 It's evident that blockchain has the potential to transform various

industries, providing increased security, transparency, and
efficiency.

 As we move forward, it's crucial for organizations and individuals

to understand and embrace the opportunities and challenges
presented by blockchain.

 In this era of innovation, blockchain stands as a testament to the

power of decentralized, transparent, and secure digital
ecosystems.
THANK YOU!
ARYAN MISHRA (20051825)
HARITHIK BHOGAL(20051870)
RAHUL KUMAR(20051695)
SAKET SUMAN(20051863)