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Blockchain
“The buzz word
continues to shake the
digital world”
● What is a Blockchain ?
● How does it work?
● What are the platforms of Blockchain
● What problems will it solve?
● What are it’s Barriers?
● Blockchain and Futran
AS the name suggests it’s a
continuous chain(network) of
computers which posses information.
Eliminating middleware in a network
Ensuring
peer to peer connection.
What is a
Blockchain ?
How does it work?
Ever tried buying a toy without going to any outlet ?
If you did congrats you were a part of peer to peer
connection.
Peer to peer connection - connection
between to entities (blocks/computers ) with
no middle ware
The blockchain has incorruptible ledger
Centralized data is no more available as it is distributed among all the nodes.
Ledger with every Block
The data( Transaction ledger ) gets randomized validation around all the nodes
Each block has its own hash address , data , previous blocks hash address.
These addresses are encoded with cryptographic algorithms.
A Typical representation of block in Blockchain
Even when an intruder comes he can’t enter as the hash addresses
are unique furthermore the verification of these addresses end up in
stalemate for a certain amount of time ( 10 mins ). Can simply be
termed as proof of work
These hash addresses are unique i.e, they have their own fingerprint
Hey it’s all good now but How to add a new Block ?
The Users are given privileges on addition of new Block, Only the user who wishes to add the block
is given privilege to add a block only to the end of the chain
Which saves the chain from malicious blocks which feed invalid Transactions to viruses to the
network.
Each Block is sent to each and every user once all the blocks agree to the new addition by proof to
work all the blocks agree to welcome the new block this is called “Consensus! ”
“All the
blocks Which
validate that
tampering
doesn’t occur
”
- Consensus
Protocol
A typical
Blockchain -
Bitcoin life
cycle
Blockchain platforms
● BigChainDB
● Chain Core
● Corda
● Credits
● Domus Tower Blockchain
● Elements Blockchain Platform
● Eris:db
● Ethereum
● HydraChain
● Hyperledger Fabric
BigChainDB, an open source system that “starts
with a big data distributed database and then adds
blockchain characteristics — decentralized control,
immutability and the transfer of digital assets”.
Chain Core, a blockchain platform for issuing and
transferring financial assets on a permissioned
blockchain infrastructure.
Corda, a distributed ledger platform with pluggable
consensus.
Credits, a development framework for building
permissioned distributed ledgers.
Domus Tower Blockchain, designed for regulated
environments, benchmarked at ingesting over 1
million transactions per second.
Elements Blockchain Platform, an open source,
protocol-level technology for extending the functionality
of Bitcoin.
Eris:db, an open source, protocol-level technology for
extending the functionality of Bitcoin.
Ethereum, a decentralized platform that runs smart
contracts on a custom built blockchain.
HydraChain, an Ethereum extension for creating
Permissioned Distributed Ledgers for private and
consortium chains.
Hyperledger Fabric, which supports the use of one or
more networks, each managing different Assets,
Agreements and Transactions between different sets of
Member nodes.
What problems will it solve?
● Maintaining open and transparent government ledgers (e.g., property title),
● Restoring your ownership of digital media (e.g., songs, books and movies),
● Maintaining an accurate ledger of shares (e.g a private cap table),
● Verifying the ownership of valuables (e.g., diamonds or art).
How blockchain solving new
Internet Barriers ?
Bitcoin’s Upshot problem of decentralised
storage of ledger became a vulnerability
“storing records in an immutable
transparent ledger”
- Blockchain
Facebook,Google and other companies
Data Censoring is a myth
“offering a file-storage service,banking on
the idea that distributing files across a
decentralized network is safer than putting
all your files in one cabinet.”
-Blockchain
Blockchain’s Barriers
1. Underperformed Functionality
The blockchain that Bitcoin uses is designed to handle seven
transactions per second, and Ethereum can only handle a few more.
2. Significant Cost
The extremely high cost of using blockchain technology is the major
barrier to mainstream adoption.
3. Locked-In Platform
Developers have to decide which blockchain to support from the very
beginning. The infrastructural design and code are usually secured
within the blockchain. Unreplaceable once applied, the platform
cannot provide optimal user experience without support on various
Blockchain technologies.
4. Lack of Features
The world has high expectations for blockchain - the news media, evangelists, and
journalists have painted a bright future for decentralized applications for the public,
especially with the increasingly high prices of cryptocurrencies.
5.Power Consumption
It takes ridiculous amount of energy just to randomise transaction validation
Blockchain
and
Futran
We provide solutions to the Blockchain technology in following ways
BlockChain Strategy Assessment
It is important to understand which strategy works best when implementing or
integrating blockchain into a business process.
BlockChain Development
There just aren’t enough blockchain developers if you look for them traditionally.
Futran Solutions brings to you a pool of blockchain developers that are ready to
take on professional challenges.
BlockChain Solutions
Futran Solutions provides industry specific solutions for blockchain.
BlockChain Integration
Blockchain integration starts with prototype building to tackle a specific business
problem on typical DLT platforms. Integration professionals build a limited
simulator that emulate a core bank system for a given application.
BlockChain Testing
Once a blockchain prototype is built, it needs to be tested for strength, purpose,
and rigidity. Blockchain testing professionals and quality analysts excel at finding
present and future loopholes in working processes.
The Evolution Ai and Blockchains are just Beginning
imagine the countless opportunities
The Synergy between the platforms such as
Ai,BlockChain,Cryptocurrency will be mind boggling
if they are together evolved with time.
The Future awaits…
Summary
1. Distributed peer-to-peer database
2. No middle ware
3. Transparent ledger
4. Hash and its functionality
5. Consensus protocol
6. Life cycle
7. Solutions through Blockchain
8. Barriers
Blockchain

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Blockchain

  • 2. “The buzz word continues to shake the digital world” ● What is a Blockchain ? ● How does it work? ● What are the platforms of Blockchain ● What problems will it solve? ● What are it’s Barriers? ● Blockchain and Futran
  • 3. AS the name suggests it’s a continuous chain(network) of computers which posses information. Eliminating middleware in a network Ensuring peer to peer connection. What is a Blockchain ?
  • 4. How does it work? Ever tried buying a toy without going to any outlet ? If you did congrats you were a part of peer to peer connection. Peer to peer connection - connection between to entities (blocks/computers ) with no middle ware
  • 5. The blockchain has incorruptible ledger Centralized data is no more available as it is distributed among all the nodes. Ledger with every Block The data( Transaction ledger ) gets randomized validation around all the nodes Each block has its own hash address , data , previous blocks hash address. These addresses are encoded with cryptographic algorithms.
  • 6. A Typical representation of block in Blockchain
  • 7. Even when an intruder comes he can’t enter as the hash addresses are unique furthermore the verification of these addresses end up in stalemate for a certain amount of time ( 10 mins ). Can simply be termed as proof of work These hash addresses are unique i.e, they have their own fingerprint
  • 8. Hey it’s all good now but How to add a new Block ? The Users are given privileges on addition of new Block, Only the user who wishes to add the block is given privilege to add a block only to the end of the chain Which saves the chain from malicious blocks which feed invalid Transactions to viruses to the network. Each Block is sent to each and every user once all the blocks agree to the new addition by proof to work all the blocks agree to welcome the new block this is called “Consensus! ”
  • 9. “All the blocks Which validate that tampering doesn’t occur ” - Consensus Protocol
  • 11. Blockchain platforms ● BigChainDB ● Chain Core ● Corda ● Credits ● Domus Tower Blockchain ● Elements Blockchain Platform ● Eris:db ● Ethereum ● HydraChain ● Hyperledger Fabric
  • 12. BigChainDB, an open source system that “starts with a big data distributed database and then adds blockchain characteristics — decentralized control, immutability and the transfer of digital assets”. Chain Core, a blockchain platform for issuing and transferring financial assets on a permissioned blockchain infrastructure. Corda, a distributed ledger platform with pluggable consensus. Credits, a development framework for building permissioned distributed ledgers. Domus Tower Blockchain, designed for regulated environments, benchmarked at ingesting over 1 million transactions per second. Elements Blockchain Platform, an open source, protocol-level technology for extending the functionality of Bitcoin. Eris:db, an open source, protocol-level technology for extending the functionality of Bitcoin. Ethereum, a decentralized platform that runs smart contracts on a custom built blockchain. HydraChain, an Ethereum extension for creating Permissioned Distributed Ledgers for private and consortium chains. Hyperledger Fabric, which supports the use of one or more networks, each managing different Assets, Agreements and Transactions between different sets of Member nodes.
  • 13. What problems will it solve? ● Maintaining open and transparent government ledgers (e.g., property title), ● Restoring your ownership of digital media (e.g., songs, books and movies), ● Maintaining an accurate ledger of shares (e.g a private cap table), ● Verifying the ownership of valuables (e.g., diamonds or art).
  • 14. How blockchain solving new Internet Barriers ? Bitcoin’s Upshot problem of decentralised storage of ledger became a vulnerability “storing records in an immutable transparent ledger” - Blockchain Facebook,Google and other companies Data Censoring is a myth “offering a file-storage service,banking on the idea that distributing files across a decentralized network is safer than putting all your files in one cabinet.” -Blockchain
  • 15.
  • 17. 1. Underperformed Functionality The blockchain that Bitcoin uses is designed to handle seven transactions per second, and Ethereum can only handle a few more. 2. Significant Cost The extremely high cost of using blockchain technology is the major barrier to mainstream adoption. 3. Locked-In Platform Developers have to decide which blockchain to support from the very beginning. The infrastructural design and code are usually secured within the blockchain. Unreplaceable once applied, the platform cannot provide optimal user experience without support on various Blockchain technologies.
  • 18. 4. Lack of Features The world has high expectations for blockchain - the news media, evangelists, and journalists have painted a bright future for decentralized applications for the public, especially with the increasingly high prices of cryptocurrencies. 5.Power Consumption It takes ridiculous amount of energy just to randomise transaction validation
  • 20. We provide solutions to the Blockchain technology in following ways BlockChain Strategy Assessment It is important to understand which strategy works best when implementing or integrating blockchain into a business process. BlockChain Development There just aren’t enough blockchain developers if you look for them traditionally. Futran Solutions brings to you a pool of blockchain developers that are ready to take on professional challenges. BlockChain Solutions Futran Solutions provides industry specific solutions for blockchain.
  • 21. BlockChain Integration Blockchain integration starts with prototype building to tackle a specific business problem on typical DLT platforms. Integration professionals build a limited simulator that emulate a core bank system for a given application. BlockChain Testing Once a blockchain prototype is built, it needs to be tested for strength, purpose, and rigidity. Blockchain testing professionals and quality analysts excel at finding present and future loopholes in working processes.
  • 22. The Evolution Ai and Blockchains are just Beginning imagine the countless opportunities
  • 23. The Synergy between the platforms such as Ai,BlockChain,Cryptocurrency will be mind boggling if they are together evolved with time. The Future awaits…
  • 24. Summary 1. Distributed peer-to-peer database 2. No middle ware 3. Transparent ledger 4. Hash and its functionality 5. Consensus protocol 6. Life cycle 7. Solutions through Blockchain 8. Barriers