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Session 17 - IEMT - SS

Technology

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11 views7 pages

Session 17 - IEMT - SS

Technology

Uploaded by

XY ZWQ
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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11/30/2023

Types of Blockchain

IIM Indore Introduction to Emerging Technologies 53

Types of Blockchain
➢ Based on Blockchain capabilities, three major types of Blockchain came up into
existence based on their exchanges:
Type 1 Type 2 Type 3
Only Crypto currency Currency + Business Only Business Logic
Logic
Bitcoin Etherium IBM & Linux Foundations
- Hyper ledger

➢ With the consideration of code execution, also came a serious context of access
permissions which gave rise to following categories of Blockchain:
➢ Public
➢ Private
➢ Permissioned/Consortium

IIM Indore Introduction to Emerging Technologies 54

1
11/30/2023

Public, Private and Consortium Blockchain


➢ Public
➢ Anybody can join and leave as they desire
➢ Transactions, Block and Blockchain are publicly available even though participants are anonymous
➢ It is Open source
➢ New Digital currencies can be created by modification of code
➢ Private
➢ Access is limited to selected participants Ex: Say, in an organization
➢ This simplifies the operations like Block creation and consensus model
➢ Consortium
➢ Meant for collaborating parties
➢ Ease of governance and accountability
➢ Ex: Consortium of automobile companies or healthcare companies
➢ Private and Consortium Blockchain with controlled access options provide opportunity
for many diverse business models
IIM Indore Introduction to Emerging Technologies 55

When to use Blockchain?

IIM Indore Introduction to Emerging Technologies 56

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11/30/2023

When do you need a Blockchain?

IIM Indore Introduction to Emerging Technologies 57

When do you need a Blockchain? Bit Torrent : Peer to


Peer and no database
needed

IIM Indore Introduction to Emerging Technologies 58

3
11/30/2023

When do you need a Blockchain?

Organization collects
customer information
and sells say a firm
like IMS

IIM Indore Introduction to Emerging Technologies 59

When do you need a Blockchain?

Government agencies
colluding on pollution
data

IIM Indore Introduction to Emerging Technologies 60

4
11/30/2023

When do you need a Blockchain?

Shared database of
service provider by a
third party vendor.
But if you don’t trust
the intermediary, you
need a Blockchain

IIM Indore Introduction to Emerging Technologies 61

When do you need a Blockchain?

Single party access


control, more efficient
(because of
operational aspects)
and private
transactions

IIM Indore Introduction to Emerging Technologies 62

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11/30/2023

Blockchain Applications

IIM Indore Introduction to Emerging Technologies 63

Blockchain Applications

IIM Indore Introduction to Emerging Technologies 64

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11/30/2023

Where can Blockchain be used?

IIM Indore Introduction to Emerging Technologies 65

Where can Blockchain be used?


➢An October 2017 report from CompTIA found that early adopters have already
been utilising Blockchain for digital identity (51%), asset management and
tracking (49%), regulatory compliance/auditing (49%), distributed storage (48%),
smart contracts (45%), and cryptocurrency/payments (44%)

➢While Blockchain has been primarily identified as an enabler of secure


transactions in the BFSI sector, it is interesting to note that Microsoft and
Accenture have partnered with each other to address a more humanitarian
cause - ID2020
➢Having created a Blockchain solution that acts as digital identification for
refugees, the two technology giants will together be able to provide access to
education, banking, healthcare, housing, and more, to around 1.1 billion people
worldwide.

IIM Indore Introduction to Emerging Technologies 66

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