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Blockchain and Smart Contracts Presentation

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WASEEM AHMAD
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10 views14 pages

Blockchain and Smart Contracts Presentation

Uploaded by

WASEEM AHMAD
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Blockchain and Smart Contracts

• Exploring the Future of Decentralized Systems


• Presented by: [Your Name]
What is Blockchain?
• - A decentralized digital ledger recording
transactions across a network of computers
• - Immutable and tamper-proof records
ensuring data security and transparency

• Key Concepts
• - Decentralization: No central authority
• - Transparency: All participants can verify data
• - Immutability: Records cannot be altered
How Blockchain Works
• Structure
• - Blocks: Hold transaction data
• - Chain: Blocks are linked in chronological
order through cryptographic hashing

• Process
• 1. Transaction Initiation: A new transaction is
created
• 2. Verification by Nodes (Consensus
Types of Blockchain
• - Public Blockchain: Open to everyone (e.g.,
Bitcoin, Ethereum)
• - Private Blockchain: Access controlled by a
single organization
• - Consortium Blockchain: Managed by a group
of organizations (semi-decentralized)
• - Hybrid Blockchain: Combines features of
public and private (e.g., IBM’s Hyperledger
Fabric)
Key Features of Blockchain
• - Distributed Ledger: Data shared across all
network participants
• - Immutable Records: Once recorded, data
can’t be changed without consensus
• - Consensus Mechanisms: Methods for
validating data, like Proof of Work (PoW) or
Proof of Stake (PoS)
• - Cryptographic Security: Uses cryptographic
hashing and digital signatures
Applications of Blockchain
• - Cryptocurrencies: Decentralized digital
currencies (e.g., Bitcoin, Ethereum)
• - Supply Chain Management: Tracks goods
transparently, reducing fraud
• - Healthcare: Secure sharing of patient data
among stakeholders
• - Finance: Enables cross-border payments,
lending, and DeFi (Decentralized Finance)
• - Voting Systems: Tamper-proof, transparent
electoral processes
Introduction to Smart Contracts
• Definition
• - Self-executing contracts where terms are
defined in code and enforced automatically

• Purpose
• - Automates and enforces contractual
agreements without intermediaries

• Platform
How Smart Contracts Work
• Components
• - Code Execution: Stored on the blockchain;
executed upon trigger conditions
• - Trigger Conditions: Specific events (e.g.,
payment received) that initiate the contract’s
action
• - Immutable Code: Once deployed, the code
cannot be changed
Benefits of Smart Contracts
• - Automation: Executes transactions
automatically, reducing human intervention
• - Transparency: All contract terms are visible
and verifiable on the blockchain
• - Security: Tamper-proof, encrypted, and
stored on the blockchain
• - Cost-Effective: Reduces costs by eliminating
intermediaries and administrative processes
Use Cases of Smart Contracts
• - Finance: Used in DeFi apps for lending,
borrowing, and trading
• - Insurance: Automates claim verification and
payouts
• - Supply Chain: Verifies product origin and
authenticity, preventing fraud
• - Real Estate: Streamlines property sales and
lease agreements
• - Digital Identity: Secures and verifies digital
identities
Limitations and Challenges of
Blockchain and Smart Contracts
• - Scalability: Limited number of transactions
per second
• - Legal and Regulatory Issues: Lacks standard
legal recognition in many countries
• - Security Risks: Vulnerabilities in smart
contracts and risk of 51% attacks
• - Energy Consumption: High energy usage in
PoW blockchains like Bitcoin
Future Trends in Blockchain and
Smart Contracts
• - Scalability Solutions: Layer 2 solutions like
Rollups, Sharding
• - Interoperability: Improved cross-chain
communication
• - Mainstream Adoption: Increased adoption
across industries such as finance, healthcare,
and government
• - Legal Recognition: Movement toward formal
regulation for blockchain and smart contracts
Conclusion
• - Blockchain and smart contracts offer a new
paradigm in data management, security, and
automation
• - Potential to transform multiple industries,
creating decentralized, transparent, and
efficient systems
Q&A
• Questions and Answers

• "Thank you for listening! Any questions?"

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