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    DLT PPT G2

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    SoorajKrishnan
    This document discusses distributed ledger technology and why it could be useful for banks. It notes that banks are trusted to store people's savings but provide little more than paper receipts in return. It also discusses how trust is shifting from hierarchical institutions to distributed networks. The document then lists several past bank failures and financial crises. It defines centralized, decentralized, and distributed systems and provides examples of each. Finally, it outlines several types of distributed ledger technologies and provides examples of how distributed ledgers could be used by governments, businesses, and individuals.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    DLT PPT G2

    Uploaded by

    SoorajKrishnan
    152 views13 pages
    This document discusses distributed ledger technology and why it could be useful for banks. It notes that banks are trusted to store people's savings but provide little more than paper receipts in return. It also discusses how trust is shifting from hierarchical institutions to distributed networks. The document then lists several past bank failures and financial crises. It defines centralized, decentralized, and distributed systems and provides examples of each. Finally, it outlines several types of distributed ledger technologies and provides examples of how distributed ledgers could be used by governments, businesses, and individuals.

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    DLT PPT G2 (1)

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    This document discusses distributed ledger technology and why it could be useful for banks. It notes that banks are trusted to store people's savings but provide little more than paper receipts in return. It also discusses how trust is shifting from hierarchical institutions to distributed networks. The document then lists several past bank failures and financial crises. It defines centralized, decentralized, and distributed systems and provides examples of each. Finally, it outlines several types of distributed ledger technologies and provides examples of how distributed ledgers could be used by governments, businesses, and individuals.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    152 views13 pages

    DLT PPT G2

    Uploaded by

    SoorajKrishnan
    This document discusses distributed ledger technology and why it could be useful for banks. It notes that banks are trusted to store people's savings but provide little more than paper receipts in return. It also discusses how trust is shifting from hierarchical institutions to distributed networks. The document then lists several past bank failures and financial crises. It defines centralized, decentralized, and distributed systems and provides examples of each. Finally, it outlines several types of distributed ledger technologies and provides examples of how distributed ledgers could be used by governments, businesses, and individuals.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 13

    Distributed

    Ledger
    Technology
    So,Why banks?
    ▹ Banks are generally trusted by the public. When people put their
    savings into banks, they receive little more than a paper receipt in
    return.
    ▹ Creation of the Money.
    ▹ Hierarchical trust is being replaced by heterarchical trust –
    institutions, which used to represent repositories of knowledge
    and expertise, are being displaced by distributed nodes of 2
    information. Reviews, friends, rating sites, colleagues, blogs, and
    media are the new sources of trust. 

    a
    What if they fail?

    ▹ Great Depression 1930’s


    ▹ Russian Financial Crisis 1998
    ▹ Wall Street Crash 1929 3

    ▹ Stock Market Crash 2008


    ▹ Lehman Brothers 2008
    ▹ PNB scam 2018
    ▹ and many more…
    Types of System -

    Centralized

    Decentralized Distributed
    CENTRALIZED SYSTEM -
    ▹ All users are connected to a central network
    owner or “server”.
    ▹ The central owner stores data, which other
    users can access, and also user information. 5

    ▹ This user information may include user


    profiles, user-generated content, and more.
    ▹ A centralized system is easy to set up and
    can be developed quickly.
    DE-CENTRALIZED SYSTEM -
    ▹ Decentralized systems don’t have
    one central owner.
    ▹ Instead, they use multiple central
    owners, each of which usually 6
    stores a copy of the resources users
    can access.
    ▹ When one or more central owners
    or servers fail, the others can
    continue to provide data access to
    users.
    DISTRIBUTED SYSTEM -
    ▹ It eliminates centralization.
    ▹ In a distributed system, users have equal
    access to data, though user privileges can be
    enabled when needed. 
    ▹ Distributed system is safe from the 7
    independent failure of components, which
    can improve its uptime considerably.
    ▹ It’s no surprise then that technologies using
    the distributed system – most notably the
    blockchain – are changing many industries.
    Want big impact?
    USE BIG IMAGE.

    8
    Types of DLT’s -
    ▹ Blockchain
    ▹ DAG (Directed Acyclic Graph) 9

    ▹ Hashgraph
    ▹ Holochain
    ▹ Tempo
    10
    Where DLT can be used?

    Government and business dealings, clean energy,


    manufacturing, financial transactions.
    Used in tax collection, property deed transfers,
    social benefits distribution and even voting 11

    procedures.
    ▹  It can help governments in issuance of
    passports, recording land registries, licenses,
    and the outlay of Social Security benefits.
    Used to process and execute legal documents and
    other similar exchanges.
    Individuals can use this technology to hold and better
    control personal information (individual medical
    records and corporate supply chains)
    ▹ Help better track intellectual property rights and
    ownership for art, commodities, music, film.
    12
    THANKS! 13

    GROUP 2

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