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The document presents an overview of blockchain technology, highlighting its core principles, applications, benefits, and challenges. It discusses the decentralized, secure nature of blockchain and its potential impact across various sectors, while also addressing technical and regulatory hurdles. The conclusion emphasizes the need for innovation and collaboration to overcome these challenges and unlock the technology's vast opportunities.

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3 views16 pages

Finalpptseminar (1) - Read-Only1

The document presents an overview of blockchain technology, highlighting its core principles, applications, benefits, and challenges. It discusses the decentralized, secure nature of blockchain and its potential impact across various sectors, while also addressing technical and regulatory hurdles. The conclusion emphasizes the need for innovation and collaboration to overcome these challenges and unlock the technology's vast opportunities.

Uploaded by

moviedownload679
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 Its

Challenges
Revolutionizing the Way We Trust, Transact, and Transform
Presented By Manabendra Poria
Roll No:-22/ECE/100
Introduction to Blockchain

Digital Ledger
Decentralized, transparent, secure

No Intermediaries
Eliminates third-party needs

Immutable Data
Records cannot be altered

Broad Adoption
Across finance, healthcare, logistics
Presentation Objectives
Core Principles
Understand blockchain structure

Real-World Use
Explore applications, impact

Benefits & Limits


Examine pros and cons

Future Outlook
Discuss potential, challenges
Research
Methodology
Whitepaper Study Journal Review
Bitcoin, Ethereum analysis Academic, industry insights

Case Study Analysis Model Comparison


Real-world blockchain use Public, private, consortium
What is Blockchain?

Chain of Blocks Peer-to-Peer Immutable


Data secured with No central authority Traceable,
hashes unchangeable

Ensures Trust
No third party
needed
How Blockchain Works
1 Initiate Request
User starts transaction

2 Broadcast Network
Request sent to peers

3 Verify Consensus
Proof of Work/Stake

4 Add New Block


Block created, added
Types of Blockchain
Public Blockchain Private Blockchain Consortium Blockchain
Open, decentralized (Bitcoin) Restricted, internal use Group controlled (R3)
(Hyperledger)
Applications of Blockchain
Healthcare
Supply Chain
Secure medical Identity
Tracking, fraud
records
prevention Self-sovereign
digital ID
Finance Voting
Crypto, payments, Tamper-proof digital
smart contracts 3 voting

2 4

1 5
Results & Impact
Faster Transactions
Reduced verification time

Lower Costs
Automation saves money

Financial Inclusion
Crypto for underbanked

New Economies
DeFi, NFTs emerge
Advantages of Blockchain
Reduced Costs
1 Less middlemen,
paperwork

Automation
2 Smart contracts
streamline

Security
3 Cryptography, tamper-
resistant

Transparency
4 Publicly verifiable
records

Decentralization
5 No single point of
failure
Navigating Blockchain's
Hurdles
Today, we'll explore the key challenges and limitations facing
blockchain technology. We'll examine technical, regulatory, and
adoption hurdles, and discuss pathways to a more scalable and
interconnected future.
Overcoming Technical Limitations
Scalability Storage Interoperability Standardization
Slow transaction Ever-growing Limited cross-chain Lack of unified
processing blockchain size communication protocols

Blockchain faces inherent technical hurdles including limited transactions per second and continuous blockchain
growth. Addressing these challenges is crucial for widespread adoption and seamless integration across diverse
platforms.
Regulatory Complexities
Legal Framework Contract Enforcement
Absence of global standards Legal enforceability of smart contracts

Geopolitical Bans Data Privacy


Cryptocurrency restrictions in some regions Compliance with GDPR and similar regulations

The lack of a universal legal framework creates significant uncertainty for blockchain projects. Varying international
regulations and privacy concerns, like GDPR, further complicate data handling and mass adoption.
Conclusion
Powerful Core
Secure and robust technology

Key Hurdles
Speed, energy, and regulation

Path to Growth
Innovation and collaboration

Bright Future
Vast opportunities await

Blockchain is a powerful and secure technology. While challenges related to


speed, energy consumption, and regulation persist, ongoing innovation and
global cooperation offer clear pathways for overcoming these hurdles. The
future of blockchain is ripe with opportunities for transformative change.
References

• Nakamoto, S. (2008). Bitcoin: A Peer-to-Peer Electronic Cash System.


• IBM Blockchain. (2024). Applications and Use Cases.
• World Economic Forum. (2023). Blockchain Beyond the Hype.
• Investopedia. (2024). Blockchain Explained.
• Ethereum.org. (2024). What is Blockchain?
• Medium Articles & Whitepapers on Blockchain Technology.
Thank You for Your Time
We appreciate your engagement and hope this presentation
clarified blockchain's potential and challenges.

• Open for questions and feedback


• Explore resources for deeper understanding
• Connect for future discussions

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