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Introduction To Blockchain

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Ganesh Bhandary
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13 views

Introduction To Blockchain

Uploaded by

Ganesh Bhandary
Copyright
© © All Rights Reserved
Available Formats
Download as KEY, PDF, TXT or read online on Scribd
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Introduction to

Blockchain
Blockchain is a revolutionary technology that enables secure,
transparent, and decentralized transactions.

Prateeksha
Bhandary
What is Blockchain
Technology?
1 Decentralized 2 Cryptocurre 3 Smart
Ledger ncy Contracts
Blockchain is the Blockchain supports
Blockchain is a digital foundation of smart contracts, self-
ledger that records cryptocurrencies like executing agreements
transactions across Bitcoin and Ethereum, that eliminate
multiple computers, transforming intermediaries and
making it transparent traditional financial increase efficiency.
and secure. systems.
How Does Blockchain
Work?
1 Data
Structures
Blockchain uses linked lists or
Merkle trees to store and organize
Consensus 2 data in blocks, creating an
Mechanism
Blockchain relies on consensus immutable chain.
algorithms like Proof of Work or
Proof of Stake to validate and add 3 Network
new blocks. Participants
Blockchain networks consist of
nodes that validate transactions,
create new blocks, and maintain
the integrity of the system.
Blockchain Use
Cases

Supply Chain Healthc


Management are
Blockchain ensures secure
Blockchain enables real-
and interoperable health
time tracking,
records, facilitates medical
authentication, and
research, and prevents
traceability of goods,
counterfeit drugs and also
improving supply chain
tampering of medical data.
transparency.
Challenges in Implementing
Blockchain
1 Scalability 2 Regulations 3 Energy
Consumption
Blockchain faces The legal and
scalability challenges regulatory Proof of Work
due to the increasing frameworks around blockchain networks
volume of blockchain are still consume significant
transactions and the evolving, posing energy, leading to
size of the blockchain. challenges for environmental
implementation. concerns.
Conclusion
Blockchain is a transformative technology that has the potential to
revolutionize industries and reshape the way we transact and
interact. Embrace the power of blockchain and join the
decentralized future.

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