The Blockchain.

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What is Blockchain?
- Decentralize transparent ledger with the transaction records,
- A database that is shared by all network nodes, updated by
miners, monitored by everyone, and owned and controlled by no
one.

- A blockchain is a continuously growing list of records, called

blocks, which are linked and secured using cryptography.
- Each block typically contains a hash pointer as a link to a
previous block, a timestamp and transaction data.
- A blockchains are inherently resistant to modification of the data.
- A blockchain can serve as "an open, distributed ledger that can
record transactions between two parties efficiently and in a
verifiable and permanent way.

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How Blockchain Works?
How it all works?
- Every record or update is considered as a
transaction in Blockchain.
- Distributed ledger contains transaction
records in blocks.
- After receiving verification, a
cryptographically protected block gets
added to the chain in a linear and
chronological order.
- New block linked to old block, giving
each node to verify who own what at
given time.

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Decentralize Network.

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Why Blockchain?
Shared

Secure

Ledger

Distributed

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Why Blockchain?
Disintermediation & trustless exchange
Two parties are able to make an exchange without the oversight or intermediation of a third party,
strongly reducing or even eliminating counterparty risk.

Empowered users
Users are in control of all their information and transactions.

High quality data

Blockchain data is complete, consistent, timely, accurate, and widely available.

Durability, reliability, and longevity

Due to the decentralized networks, blockchain does not have a central point of failure and is better
able to withstand malicious attacks.

Faster transactions
Interbank transactions potentially take days for clearing and settlement, Blockchain transactions can
reduce transaction times to minutes and are processed 24/7.

Transparency and immutability

Changes to public blockchains are publicly viewable by all parties creating transparency, and all
transactions are immutable, meaning they cannot be altered or deleted.

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Blockchain in different Domains
Finance: Supply Chain:
Stocks, Bonds, Mutual Funds, Crowdfunding Drug and food safety, Animal or plant breeding,
Payment, Remittance, Settlement etc. Construction

Crypto Currencies: Public (and Semi-Public) Records:

Bitcoin, Litecoin, Ethereum, etc Real estate and vehicle records,
Corporate registries, Citizen identity and
Retail Banking: immigration, Judicial and regulatory filings,
Cross boarder remittances, Mortgage Academic and professional credentials,
verification and Contracts Government accounting (tax, budget)

Securities: Private Records:

Post-trade settlement, Derivative Contracts Loans, contracts, escrow, wills etc.

Syndicated Loans & Insurance Digital Property Management:

Content Rights (photos, videos, software etc.
Intangible Assets:
Patents, Health records, trademarks, And many more areas
Digital documents, reservation, domain name

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What is Crypto currency?
It is Digital Currency
created and held electronically
hidden and secured by cryptography.
Funds verifies thru encryption
Regulate the generation of units of currency
Decentralize
Distributed
Anonymous

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Why to use Crypto currency?
Characteristics As a Payment

- Anonymous - Fast, Cheap, No chargebacks,

- Safe maintain privacy
- Decentralized - Irreversible payment
- Appreciated currency - Ease and convenience in
online transaction with
increased security
- Expedia, Microsoft, Dell etc.
accepting bitcoin

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Different Blockchain Provider
- Cross Industry open standard blockchain
- A Linux foundation collaborative
- 40 members including, Accenture, AirBus, DTCC, JP Morgan, ABN
AMRO

- Cryptographic and Distributed ledger- based protocol with

financial markets
- R3 is Financial innovation firm, partnership with over 50 worlds
financial institutions.
- Barclay, BBVA, Credit Suisee, Goldman Sachs, JP Morgan, UBS,
Royal bank of scotland and many more big banks.

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Different Blockchain Provider
- Decentralized platform that runs smart contracts:
- Applications that run exactly as programmed without any possibility
of downtime, censorship, fraud or third party interference.
- These apps run on a custom built blockchain, an enormously
powerful shared global infrastructure that can move value around
and represent the ownership of property.
- Smart contract is most promising feature run autonomously on
blockchain.

- Allows banks around the world to directly transact with each other
without the need for a central counterparty
- 12 out of Top 50 Bank, 30 Active integration, 60+ countries covered.

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What is Ethereum?
- Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as
programmed without any possibility of downtime, censorship, fraud or third party interference.

- These apps run on a custom built blockchain, an enormously powerful shared global infrastructure
that can move value around and represent the ownership of property.

- This enables developers to create markets, store registries of debts or promises, move funds in
accordance with instructions given long in the past (like a will or a futures contract) and many other
things that have not been invented yet, all without a middle man or counterparty risk.

- https://www.ethereum.org/ for more details and download Ethereum Wallet.

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What is Smart Contract?
- Smart contracts are self-executing contracts
with the terms of the agreement between
buyer and seller being directly written into lines
of code.
- The code and the agreements contained
therein exist across a distributed,
decentralized blockchain network.
- Smart contracts permit trusted transactions
and agreements to be carried out among
disparate, anonymous parties without the
need for a central authority, legal system, or
external enforcement mechanism.
- They render transactions traceable,
transparent, and irreversible.

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Important Links

Subject URL

Ethereum https://ethereum.org/

Create smart contract https://www.ethereum.org/greeter

Smart contract and Solidity http://solidity.readthedocs.io/en/develop/introd

uction-to-smart-contracts.html
Web3 Java API https://github.com/web3j/web3j

.Net API https://github.com/Nethereum/Nethereum

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Video Links

Subject URL

Solidity - Smart contracts part 1 to 7 - https://www.youtube.com/watch?v=9_coM_g7

Installation/first steps Dbg&list=PLH4m2oS2ratdoHFEkGvwvd7TkeTv4sa
7Z
A study YouTube channel for Blockchain https://www.youtube.com/channel/UCVyRiMvfU
and blockchain code NMA1UPlDPzG5Ow
Introduction to Ethereum Smart https://www.youtube.com/watch?v=8jI1TuEaTro
Contract Development with Solidity &t=491s
(Part 1)
Introduction to Ethereum Smart https://www.youtube.com/watch?v=3-
Contract Development with Solidity XPBtAfcqo
(Part 2)

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Thank You

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