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    Block Chain Technology

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    kavita
    Blockchain technology allows for recording transactions and tracking assets in a secure manner. It uses a shared, immutable ledger that is authenticated through digital signatures. There are four main types of blockchain: public, private, hybrid, and consortium. Blockchain provides transparency and security for transactions. It has many applications such as financial services, healthcare data storage, and more. Major blockchain companies include Coinbase, Monex Group, BIT Mining, Canaan, and Voyager Digital. The future of blockchain is promising as it creates a global, uncensored data repository and drives innovation for the internet.

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    Block Chain Technology

    Uploaded by

    kavita
    30 views7 pages
    Blockchain technology allows for recording transactions and tracking assets in a secure manner. It uses a shared, immutable ledger that is authenticated through digital signatures. There are four main types of blockchain: public, private, hybrid, and consortium. Blockchain provides transparency and security for transactions. It has many applications such as financial services, healthcare data storage, and more. Major blockchain companies include Coinbase, Monex Group, BIT Mining, Canaan, and Voyager Digital. The future of blockchain is promising as it creates a global, uncensored data repository and drives innovation for the internet.

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    Blockchain technology allows for recording transactions and tracking assets in a secure manner. It uses a shared, immutable ledger that is authenticated through digital signatures. There are four main types of blockchain: public, private, hybrid, and consortium. Blockchain provides transparency and security for transactions. It has many applications such as financial services, healthcare data storage, and more. Major blockchain companies include Coinbase, Monex Group, BIT Mining, Canaan, and Voyager Digital. The future of blockchain is promising as it creates a global, uncensored data repository and drives innovation for the internet.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    30 views7 pages

    Block Chain Technology

    Uploaded by

    kavita
    Blockchain technology allows for recording transactions and tracking assets in a secure manner. It uses a shared, immutable ledger that is authenticated through digital signatures. There are four main types of blockchain: public, private, hybrid, and consortium. Blockchain provides transparency and security for transactions. It has many applications such as financial services, healthcare data storage, and more. Major blockchain companies include Coinbase, Monex Group, BIT Mining, Canaan, and Voyager Digital. The future of blockchain is promising as it creates a global, uncensored data repository and drives innovation for the internet.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 7

    Name – Nyle Daswani

    Class – 11C
    Subject – Informatic
    Block Chain Technology
    •

    • Blockchain is a shared , immutable ledger that facilitates the process of


    recording transactions and tracking assets in a business network.
    • Blockchain is a method of recording information that makes it impossible or
    difficult for the system to be changed, hacked, or manipulated.
    • Every transaction in this ledger is authorized by the digital signature of the
    owner, which authenticates the transaction.
    • Hence, the information in the digital ledger is highly secure.
    Importance of Blockchain

    • Blockchain is ideal for delivering that information because it provides immediate,


    shared and completely transparent information stored on an immutable ledger.
    • A blockchain network can track orders, payments, accounts, production and much
    more.
    • You can see all details of a transaction end to end, giving you greater confidence,
    efficiencies and opportunities.
    • Bitcoin is the Blockchain’s prime application and the reason for developing the
    technology, it has helped many people through financial services such as digital
    wallets, micro loans and micro payments
    • Blockchain technology can be used as a secure platform for the healthcare industry
    for the purposes of storing sensitive patient data. 
    Four Types of Block Chain Technology

    1) Public Blockchain - A public blockchain is one where anyone is free to join and
    participate in the core activities of the blockchain network.
    2) Private Blockchain - It is a distributed ledger that operates as a closed database secured
    with cryptographic concepts and the organization's needs.
    3) Hybrid Blockchain - A hybrid blockchain is a unique type of blockchain technology that
    combines the components of both public and private blockchain . 4) Consortium
    Blockchain - A consortium blockchain is a type of Blockchain in which members are not
    granted to a single entity.
    THE BIGGEST BLOCKCHAIN
    COMPANIES
    Some of these companies also earn revenue from more traditional
    lines of business.
    • Coinbase Global Incorporation (COIN)
    • Monex Group Incorporation ( MNXBF)
    • BIT Mining Limited ( BTCM)
    • Canaan Incorporation ( CAN)
    • Voyager Digital Limited ( VYGVF)
    • SOS Limited ( SOS)
    The Future of the Block Chain Revolution

    • It will create a trusted, unfilterable, uncensorable repository of data and information that is
    accessible worldwide. This technology will drive the creation of the internet ‘s third
    generation The blockchain technology will ultimately be seen as the most important
    innovation to come out of the cryptocurrency boom.  
    • It will attract several potential businesses and organizations, While it will act as a cure to
    fight several drawbacks prevalent in the market, the technology has many more miles to
    cover.

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