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    Block Chain Research

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    Astrogen Astrogen
    This presentation provides an overview of blockchain technology. It defines blockchain as a decentralized and transparent digital ledger that securely records transactions across multiple computers. The presentation describes the working mechanism of blockchain, different types of blockchains (public, private, consortium), why blockchain is popular due to its efficiency, transparency and security. It discusses benefits and challenges of blockchain, applications like cryptocurrencies, supply chain management and voting. The presentation concludes with discussing blockchain innovations like Bitcoin and Ethereum and blockchain applications in Nepal.

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    Block Chain Research

    Uploaded by

    Astrogen Astrogen
    15 views11 pages
    This presentation provides an overview of blockchain technology. It defines blockchain as a decentralized and transparent digital ledger that securely records transactions across multiple computers. The presentation describes the working mechanism of blockchain, different types of blockchains (public, private, consortium), why blockchain is popular due to its efficiency, transparency and security. It discusses benefits and challenges of blockchain, applications like cryptocurrencies, supply chain management and voting. The presentation concludes with discussing blockchain innovations like Bitcoin and Ethereum and blockchain applications in Nepal.

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    This presentation provides an overview of blockchain technology. It defines blockchain as a decentralized and transparent digital ledger that securely records transactions across multiple computers. The presentation describes the working mechanism of blockchain, different types of blockchains (public, private, consortium), why blockchain is popular due to its efficiency, transparency and security. It discusses benefits and challenges of blockchain, applications like cryptocurrencies, supply chain management and voting. The presentation concludes with discussing blockchain innovations like Bitcoin and Ethereum and blockchain applications in Nepal.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    15 views11 pages

    Block Chain Research

    Uploaded by

    Astrogen Astrogen
    This presentation provides an overview of blockchain technology. It defines blockchain as a decentralized and transparent digital ledger that securely records transactions across multiple computers. The presentation describes the working mechanism of blockchain, different types of blockchains (public, private, consortium), why blockchain is popular due to its efficiency, transparency and security. It discusses benefits and challenges of blockchain, applications like cryptocurrencies, supply chain management and voting. The presentation concludes with discussing blockchain innovations like Bitcoin and Ethereum and blockchain applications in Nepal.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 11

    PRESENTATION ON BLOCKCHAIN

    By-ANJESH PATHAK
    CSIT
    Introduction to Blockchain

    • Blockchain is a decentralized, transparent, and irreversible digital ledger system that securely and

    impermeably records transactions across several computers .


    • The ability of a blockchain to ensure the security and accuracy of data records without the aid of a reliable
    third party is what distinguishes it as unique.
    • The first launch of Bitcoin in January 2009, was the first real-world application that used Blockchain
    technology.

    1
    Working Mechanism of Blockchain

    2
    Types of Blockchain

    Public Private Consortium


    Blockchain Blockchain Blockchain
    Examples:-Bitcoin,
    SERVIC
    Examples:- Hyperledger
    Examples:- IBM
    Blockchain Platform and
    Ethereum, and Litecoin
    ES Fabric Microsoft Azure
    Blockchain.

    PAY
    ONLINE

    3
    Why is Blockchain so popular?
    0
    1 Efficiency

    0
    2
    Transparency

    0
    3
    Security
    PAY
    0 Decentralization
    4

    4
    Benefit and Challenges of Blockchain

    • Decentralization: Blockchain technology allows for a decentralized approach to data management.


    • Security: Blockchain technology uses advanced cryptographic techniques to ensure the security of data .
    • Efficiency: Blockchain technology can help streamline processes and reduce costs.
    • Transparency: Blockchain technology offers transparency, as all transactions are recorded on a public ledger.
    Benefits

    • Scalability: Blockchain technology can be limited in terms of scalability.


    • Regulation: The decentralized nature of blockchain technology makes it difficult to regulate
    • Energy Consumption: The process of validating transactions on a blockchain network can be energy-intensive.
    Challenges

    5
    Application of Blockchain
    Cryptocurrencies: Blockchain makes it possible for parties to transact securely and openly without the
    use of middlemen like banks with the use of Bitcoin and Ethereum for example.

    Supply Chain Management: Blockchain technology can be used to track the flow of items
    and supplies, increasing accountability and transparency, and preventing fraud and counterfeiting.

    Voting: Blockchain-based voting systems can be transparent and safe. Votes can be reliably
    counted and fraud can be avoided by recording each vote on the blockchain.

    Financial Services: Blockchain technology can facilitate new financial services and businesses,
    such as cross-border payments and settlements, peer-to-peer lending, and crowdfunding.

    6
    Blockchain and Nepal
    • The most used digital currency nowadays is cryptocurrency.
    • Despite the current trend of cryptocurrency, Nepal government has banned the cryptocurrency since
    August 2017 .
    • The ban of this digital currency is because it may cause disrupt in Nepal's remittance, easier for illegal
    money laundering .
    • The use of blockchain technology in government offices can eradicate the corruption as blockchain
    technology is decentralized and the transaction is always recorded in blockchain which cannot be
    altered in anyway.
    • The Nepal Rastra Bank (NRB) has made official statement that it is planning to launch its own
    cryptocurrency.

    7
    Most popular Blockchain Innovations
    Bitcoin

    50%

    Hyperledger Fabric
    Ethereum 35% 10%

    15%

    8
    Ripple
    References
    [1] A. Hayes, “Blockchain Facts: What Is It, How It Works, and How It Can Be Used,” Investopedia,
    Sep. 27, 2022. https://www.investopedia.com/terms/b/blockchain.asp
     
    [2] M. K. Pratt and A. S. Gillis, “blockchain,” CIO, Jun. 03, 2021.
    https://www.techtarget.com/searchcio/definition/blockchain
     
    [3] “Bitcoin: A Peer-to-Peer Electronic Cash System,”
    https://assets.pubpub.org/d8wct41f/31611263538139.pdf, 2008.
     
    [4] “Types of Blockchain,” https://chat.openai.com/chat.
      
    [5] “Cryptocurrency and Nepal,” https://thelawbrigade.com/wp-content/uploads/2022/09/Anurag-Aryal-
    Ors-AJMRR.pdf, 2022.

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