- YouTube Thumbnail Downloader
- Image Compressor
- QR Code Generator
- Environment
- Submit An Article
- Privacy Policy
- Terms and Conditions
Introduction to Blockchain
- by Refresh Science
- July 22, 2020 January 6, 2022
Blockchain is a distributed database but its stored devices are not connected with a shared server. In block chain list of records are stored as blocks and they are linked by using cryptography.
Hence we can say that blockchain is a digital record and are used for recording transactions made with crypto currencies such as bitcoins .
If we add a new block it can be linked with the previous block with the help of cryptographic block generated from the previous block. By doing so the block is permanently recorded and it is not broken.
In blockchain previous transactions alteration is very difficult because all subsequent blocks also needs to be altered. We can say that block chain is a purest peer to peer database that is immutable.
Definition of Blockchain
It is an open distributed ledger that record transactions between two persons efficiently and in a verifiable and permanent way. Each transaction is secured with a digital signature that proves its authenticity. Every block contains a cryptographic hash of the previous block, a time stamp and transaction information.
Download Blockchain PowerPoint Presentation:
Technology used in blockchain.
Blockchain is a combination of multiple technologies:
Cryptographic Keys:
Cryptographic keys are most important for sending and receiving data. In process a private key and a public address is used. While sending data private key is used to sign it and the end user verify it by using the public key. In block chain we use asymmetric cryptograpgy like ECC.
Network Protocol:
We can choose the network protocol as per our use. To form a peer to peer network two or more electronic devices are linked and resources are shared. A peer is called a node on a network. Peer to peer network is a crucial part of secure blockchain processing.
Distributed Ledger Technology:
A ledger is a collection of shared, replicated and synchronized data. Every data is geographically spread over various computing devices. Any transaction approval and permission in blockchain is handled by distributed networks.
Hashing is converting a data with variable length to a fixed length. It is an one way process. It acts as an verification of a transaction.
Purpose of Blockchain
- Block chain uses online ledger which is very secure.
- There is no third party interference.
- It used distributed ledger which is very transparent.
- It is a digital world offering many new tools and there are many centralized administrators.
- Since there is no third party guarantee cost is very low.
Blockchain in Cryptocurrency
The term blockchain is often used to refer to cryptocurrency. Cryptocurrency is a medium of exchange such as US dollars. It is just an application in the form of e-currency using block chain. It is not governed by any financial institution.
The main difference between blockchain and cryptocurrency is that, cryptocurrency is created and held electronically in forms such as virtual wallet.
It is decentralised and it is not governed by anyone whereas blockchain is an advanced record and it has all information related to cryptocurrency exchanges over a shared system.
Blockchain in cryptocurrency
You might think of Bitcoin and blockchain as two halves of a whole, but in reality, they are very distinct commodities. Olawale Daniel
Blockchain in Insurance
According to a recent survey more than 80% of insurance companies have adopted or planning to implement blockchain technology. The practical application in insurance technology is, with the help of blockchain medical records are encrypted and shared between hospitals and insurers. This helps in cutting duplicated records and lengthy claim processing.
Blockchain also helps in selling and servicing insurance better, faster and cheaper by improving fraud prevention, claim management, health insurance and reinsurance. It also helps to lower the price and provide better experience for customers.
Blockchain Examples
Bitcoins and Cryptocurrency are the widely used blockchain technology.
There are many more examples using blockchain technology. We can say blockchain is revolutionizing in most of the industries.
- Based on blockchain cross gaming video games are developed for example B2Expand.
- Social Engagements such as match pool uses this technique.
- Retail products can be purchased and if there is any malfunction blockchain helps to access information regarding the product.
- Blockpoint simplifies the payment system and allows Mobile wallet, gift card and other point of scale functionality.
- Food industry Network from farmers to groceries is very complex and blockchain makes it easier by tracking down food borne illness challenging.
- Real estates also uses blockchain technology by allowing anyone anywhere in the country to invest in real estate.
Advantages and Disadvantages of Blockchain
Advantages:
- Greater Transparency
- Highly secure
- Easily traceable
- High efficiency and speed
- Zero percentage of fraud
- Extremely volatile
Disadvantages:
- More power consumption
- Can be a regulatory problem for financial institutions
IMAGES
VIDEO
COMMENTS
Blockchain technology is expected to save the banking industry $20 billion per year by 2022. ... Our professionally made PowerPoint presentation, "Introduction to Blockchain Technology and Its Applications," concisely explains blockchain. This PowerPoint bundle covers everything, from fundamental knowledge of history to a variety of ...
Everything Blockchain Presentation - Feb 2022. This document provides an overview of Everything Blockchain, a company that develops blockchain technologies. It discusses the company's strategy, services, team, and growth. The key points are: - The company provides blockchain advisory, development, and consulting services through its four ...
Slide 2: The History of Blockchain Part 1. A short history of Bitcoin. 2008: The first description of Bitcoin was published in 2008 by an individual or a group under the pseudonym "Satoshi Nakamoto" in a now very famous white paper. 2009: The Bitcoin Network goes live and the first Bitcoins are mined.
Cryptoens is a multipurpose PowerPoint template made for cryptocurrency and blockchain-related presentations. The clean and modern design is easy on the eyes, and the included icons and graphics help to add visual interest. Best of all, the template is fully editable, so you can customize it to fit your specific needs. 5.
Try our free Blockchain PowerPoint templates and Google Slides themes! Explain this groundbreaking tech with stunning visuals. Get slides for business applications to timelines. Download, edit, and present like a pro - it's free, 100% editable and easy-to-use! Get your free template today!
Template 1: Blockchain Technology PPT Complete Deck. A blockchain complеtе dеck PPT can hеlp by providing an ovеrviеw of thе еntirе blockchain tеchnology, including its componеnts, fеaturеs, and applications. It can also givе an ovеrviеw of blockchain systеms and protocols, and еxplain how thеy work. Additionally, a ...
The traits of blockchain clearly prove its capabilities for serving as a futuristic technological intervention. At the same time, the trends for blockchain in 2022 showcase how it is changing with each passing year. The notable trends which might make an impact in 2022 for blockchain include the move towards eco-friendly blockchain networks.
These Blockchain PowerPoint templates were crafted with a color scheme intended to portray Web 3.0 technologies. Navy blue, vibrant fuchsia, and violet hues, although they are fully editable to meet the preferences of our customers. Our Blockchain PPTs are compatible with PowerPoint and Google Slides and are very easy to modify.
This blockchain guide will ensure that you can learn the most important blockchain fundamentals thing using the following PowerPoint blockchain presentation. Each blockchain slide or set of slides covers a topic with an image and ensures that you get the best introduction to blockchain. Excited to learn about the fundamentals of blockchain ...
July 22, 2020 January 6, 2022; ... Download Blockchain PowerPoint Presentation: Download PPT. Technology used in Blockchain. Blockchain is a combination of multiple technologies: Cryptographic Keys: Cryptographic keys are most important for sending and receiving data. In process a private key and a public address is used.
Blockchain technology ppt. Blockchain is a decentralized ledger of all transactions across a peer-to-peer network that allows participants to perform transactions without a central authority. Potential applications include fund transfers, settling trades, voting and more. Blockchain ensures "cash like" coin passing that is unique, immutable and ...
Presentation Transcript. Blockchain 2022: Tech Trends. 2021 was a spectacular year for blockchain. The cryptocurrency market surpassed $3 trillion in value. NFT's grew in popularity, with over $23 billion in trading volume. The first U.S. futures- based bitcoin ETF launched. El Salvador adopted bitcoin as legal tender.
In this article, we will be going through our vision and analysis of enterprise blockchains adoption and how we are going to achieve $3 Trillion of added value by 2030 using our blockchain PowerPoint presentation.. 101 Blockchains is a blockchain research and strategic consulting company. We are focused on blockchain technology education and pushing the boundaries of public perception and ...
It can be used to create value or issue assets. It can be used to transfer value or the ownership of assets. • human being or a Smart Contract can initiate the transfer. It can be used to record those transfers of value or ownership of assets. • records may be very difficult to alter, such that they are sometimes called effectively immutable.
World's Best PowerPoint Templates - CrystalGraphics offers more PowerPoint templates than anyone else in the world, with over 4 million to choose from. Winner of the Standing Ovation Award for "Best PowerPoint Templates" from Presentations Magazine. They'll give your presentations a professional, memorable appearance - the kind of sophisticated look that today's audiences expect.
Embark on a groundbreaking consulting adventure in the realm of crypto insurance with this deep, deep blue Google Slides and PowerPoint template. Seamlessly blending the world of digital currencies and expert advice, these visually stunning slides can be your ultimate companion in providing top-notch consulting services.
Below you'll see thumbnail sized previews of the title slides of a few of our 50 best blockchain technology templates for PowerPoint and Google Slides. The text you'll see in in those slides is just example text. The blockchain technology-related image or video you'll see in the background of each title slide is designed to help you set ...
FREE - Blockchain Presentation. Batzorig Regzen. Pro. Present your company or idea in a creative and professional way with. Blockchain - A free Modern PowerPoint and Keynote template. - 150+ Unique Creative Slides. - Drag n Drop Object Placeholders. - Retina and Full HD. - Dark version Included.
BLOCKCHAIN PowerPoint Infographics Slides have 33 Unique slides / Total 35 slides and it has a lot of features. It's made with Slide Master witch makes a customization very easy. It comes