Blockchain Programming: A Brief Presentation by Pradeep

The document provides an overview of blockchain including what it is, how it works, why it is used, where it can be applied, additional information on private blockchains, the future of blockchain and web 3.0, and predictions about blockchain's growth in jobs and spending.

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Blockchain Programming: A Brief Presentation by Pradeep

Uploaded by

pradeep mathiannal

Available Formats

Download as PPTX, PDF, TXT or read online on Scribd

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1

BLOCKCHAIN
PROGRAMMING
A brief presentation by Pradeep
2

TABLE OF CONTENTS
• 1. Title page

• 2. Table of Contents

• 3. What is blockchain?

• 4. How does blockchain work?

• 5. Why use blockchain?

• 6. Where can blockchain be used?

• 7. Additional info about blockchain

• 8. Future of blockchain

• 9. Predictions

• 10. References
3

WHAT IS BLOCKCHAIN?
• Blockchain is a process that was associated with bitcoin and bitcoin mining when it arrived.

• But now, blockchain is a tamper proof ledger of valid economic transactions which can be used to record any information of value.
4

HOW DOES BLOCKCHAIN WORK?

• Blockchain works on a principle of decentralized and synchronized administration of ledgers.

• To explain the above statement, just imagine a google spreadsheet duplicated several times across a network and updated on a regular basis.

• This ensures the data is accessible to everyone and is verifiable. Since the data is not centralized it is almost impossible to hack and corrupt with the exception of 51%
attacks which are highly unlikely since the concept is based on assumed genuineness of vast majority of the network.
5

WHY USE BLOCKCHAIN?

• Blockchain apparently has one of the highest levels of accountability.

• The network is in a constant state of consensus, a system which checks itself once in every 10 minutes.

• Also, it has 2 important characteristics,

• Transparency – Information recorded in the ledger is available to the public

• Incorruptibility – Since information is among multiple users, a substantial amount of computer power would be required to override the entire network(51% attack).
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WHERE CAN IT BE USED?

• Right now, blockchain technology is used for bitcoin exchanges, even though it can be used in any field where critical information is being recorded on a continuous
basis.

• The highest demand for blockchain programmers is in financial sector since there is a need to replace middle/intermediary agents during the process of transactions.
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ADDITIONAL INFO ABOUT

BLOCKCHAIN
• Actually Blockchain is a public ledger technology that follows concept of decentralization.

• But, in recent days based on the usage of Blockchain technology, it is also customized as a private ledger technology.

• For instance, Blockchain is used by many organizations for their internal uses and the stored data can be managed by providing permissions to only authorized persons.

• This way of using blockchain technology is named as private blockchain.

FUTURE OF BLOCKCHAIN
• Today, blockchain is the technology that is spearheading the momentum of cryptocurrency decentralization in the online world.

• Web 3.0 is the future of internet.

• The main difference between web 1.0, web 2.0 and web 3.0 is, web 1.0 and 2.0 are centralized whereas the future web 3.0 is going to be decentralized and secure.

• Web 3.0 blockchain stack is designed to be decentralized and the information will not be owned by any particular entity.

• Blockchain is becoming additionally familiarized among an additional number of people than the present number of people and is the latest trend today.
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PREDICTIONS
• The space of blockchain technology is expected to grow by about 43% by the end of 2020.

• LinkedIn information shows that blockchain-related jobs will grow up by 300% by the end of 2019.

• The global spending on blockchain in 2019 alone amounted to USD 3 billion which is an 88.7% increase from 2018.

• The number of start-ups that work on or adopt blockchain has been steadily growing and have a combined valuation of over USD 4.4 billion.
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REFERENCES
• www.wikipedia.com
• www.bitfort.com
• www.blockchain.com
• https://steemit.com/blockchain/@bitdeal/blockchain-technology-explained
• https://www.fintech.gi/global-blockchain-spending-to-reach-almost-3-billion-
in-2019/
• https://finance.yahoo.com/news/global-blockchain-spending-grow-89-
152100315.html