Blockchain Technology

• Blockchain


  A method of recording information. A distributed ledger.
• Industries adopting blockchain


  • Healthcare
  • Finance
  • Government
  • Identity
  • Real Estate
  • Supply Chain Management
• How blockchain technology revolutionizes the security and transparency of transactions

  • Decentralization - transactions validated by network of computers, not central authority
  • Immutability - transactions cannot be changed or removed once recorded
  • Transparency - all transactions accessible to participants
  • Security - transactions protected by cryptography
  • Smart Contracts - self-executing contracts with conditions coded into the contract
• Without blockchain


  Each organization has to keep a separate database
• With blockchain

  Transactions and data recorded identically in multiple locations, providing full transparency
• Blockchain technology


  Transforms the way we do business by offering a safe, transparent, and effective means of recording and verifying transactions
• Blockchain technology


  Revolves around governance and decision-making
• Challenges and limitations of blockchain technology

  • Scalability - blockchain networks can be slow and inefficient due to high computational requirements
  • Energy Consumption - validating transactions requires a lot of computing power and energy
  • Security - blockchain security measures have challenges
  • Complexity - blockchain requires high technical expertise to implement and maintain
  • Interoperability - different blockchain platforms often do not work well together
• Blockchain technology achieves decentralized security and trust in several ways
• Blockchain developers have implemented various privacy-enhancing techniques, such as encryption and anonymization, to balance transparency and privacy
• Blockchain projects often rely on community governance mechanisms, such as on-chain voting or consensus signaling, to allow stakeholders to participate in decision-making
• The adoption of blockchain technology across industries is driven by the potential benefits of increased efficiency, transparency, security, and trust in digital transactions and record-keeping