Block Chain

BLOCKCHAIN
TECHNOLOGY
• NAME HARSH TYAGI
• ROLL NUMBER 1729010063
• SECTION 4CSA
WHAT IS BLOCK CHAIN TECHNOLOGY
▪Blockchain is a decentralised ledger of all transactions across a peer-to-peer network.

using this technology , participants can perform transactions without the need for a central
certifying authority. Potential applications include fund transfers , settling trades , voting
and many others.
▪Business Networks benefit from connectivity – Connected customers, suppliers, banks,
partners.
▪Wealth is generated by the flow of goods & services across business network.
▪Anything that is capable of being owned or controlled to produce value, is an asset.
▪Two fundamental types of asset – Tangible, e.g. a house – Intangible e.g. a mortgage.
WHY USE BLOCKCHAIN
• Blockchain technology offers new tools for authentication and

authorization in the digital world that preclude the need for many
centralised administrators. As a result, it enables the creation of
new digital relationship
BLOCKCHAIN IN VARIOUS AREAS
BLOCKCHAIN IN SUPPLY CHAIN BLOCKCHAIN IN GOVERNMENT

• By utilising a distributed ledger, companies
• Blockchain offers promise as a technology to
within a supply chain gain transparency into store personal identity information, criminal
shipment tracking, deliveries, and progress backgrounds, and “e-citizenship,” authorized by
among other suppliers where no inherent trust biometrics.
exists
BLOCKCHAIN IN ENERGY
• Decentralised energy transfer and distribution

are possible via micro-transactions of data sent
to blockchain, validated, and re-dispersed to the
grid while securing payment to the submitter
IMPLEMENTING
BLOCKCHAIN
• Developers are experimenting
with retail processes and
applications on a flexible, scalable
and trusted cloud platform.
• Revolutionising retail supply chain
efficiency with rapid, low-cost,
low-risk, and fast-fail platforms
that enable developers to
experiment with a growing
number of distributed ledger
technologies.
WHAT IS BLOCK CHAIN IN Blockchain changing the
FMCG?(FAST MOVING Consumer Goods Industry
CONSUMER GOOD)
• The sudden rise of Bitcoin has created new interest in the • It is seen as a possible way of reinforcing trust and
blockchain technology behind the e-currency security and accelerating business processes, removing
• Blockchain is a decentralised ledger that tracks transactions the human element. Many governments, tech giants
in a secure way using cryptography to make modifications and businesses are starting to experiment with this
almost impossible. technology.
• The popularity of Bitcoin has been fuelling a speculative • There are arguments that it could help tackle food fraud,
bubble in the stock market as investors keep throwing boost trust in business transactions and accelerate
money at any and all companies using blockchain in the operational processes.
hopes of finding the new Bitcoin unicorn • Address efficiency, sustainability and general supply
•
chain issues.
• The added immutability of a distributed ledger means
that inter-enterprise processes become easier to trust in
case of dispute, allowing FMCG giants to enhance
management of suppliers and ensuring conformity to
operational and regulatory standards
HOW TRANSACTIONS
ARE DONE?
• For a public blockchain, the decision to add

a transaction to the chain is made by consensus.
This means that the majority of “nodes” (or
computers in the network) must agree that
the transaction is valid. The people who own the
computers in the network are incentivised to
verify transactions through rewards.
THE 5 BIG PROBLEMS WITH
BLOCKCHAIN:
1. Blockchain has an environmental cost
At least, the way it is being used today, it does. Blockchain

relies on encryption to provide its security as well as
establish consensus over a distributed network. This
essentially means that, in order to “prove” that a user has
permission to write to the chain, complex algorithms must
be run, which in turn require large amounts of computing
power.
2. Lack of regulation creates a risky environment
Again, this is largely a problem with Bitcoin or other value-

based blockchain networks. But the fact is, as many
investing in Bitcoin or other cryptocurrencies for the first
time in the last few months have found to their cost, it’s a
very volatile environment. Due to the lack of regulatory
oversight, scams and market manipulation are
commonplace.
THE 5 BIG PROBLEMS WITH BLOCKCHAIN:
3. Its complexity means end users find it hard to

appreciate the benefits
Although its potentially revolutionary applications are
apparent once one has made the effort to understand the
principles of encryption and distributed ledgering behind
blockchain, it takes a while, and a good bit of reading,
before the “man on the street” can see what makes
blockchains potentially so useful. Tech pundits talk about
replacing the middle-man facilities traditionally provided
by the financial services industry – such as clearing
payments and fraud prevention.
4. Blockchains can be slow and cumbersome

Once again due to their complexity and their encrypted,
distributed nature, blockchain transactions can take a
while to process, certainly compared to “traditional”
payment systems such as cash or debit cards. Bitcoin
transactions can take several hours to finalise, which
means there are inherent problems in the idea that you
will be able to use them to pay for a cup of coffee in your
THE 5 BIG PROBLEMS WITH BLOCKCHAIN:
5. The “Establishment” has a vested interest in blockchain

failing
Let’s be honest – despite the huge interest in adopting
blockchain technology from the established financial
industry, the subtext behind much of what is said about it
is “it would probably be better if it just quietly
disappeared.”
THANK YOU

Block Chain

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BLOCKCHAIN

▪Blockchain is a decentralised ledger of all transactions across a peer-to-peer network.

• Blockchain technology offers new tools for authentication and

BLOCKCHAIN IN SUPPLY CHAIN BLOCKCHAIN IN GOVERNMENT

• Decentralised energy transfer and distribution

• For a public blockchain, the decision to add

At least, the way it is being used today, it does. Blockchain

2. Lack of regulation creates a risky environment

Again, this is largely a problem with Bitcoin or other value-

3. Its complexity means end users find it hard to

4. Blockchains can be slow and cumbersome

5. The “Establishment” has a vested interest in blockchain

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