Block Chain information

1. OSCM 5130 - Group 5

2. Agenda
Introduction
What is Blockchain?
How does it work?
Characteristics of Block Chain

3. Introduction
Fatima to populate section

4. ● An incorruptible digital ledger of economic
transactions
● Programmed to record not only financial transactions
but everything of value as well
● Record keeping technology
● Secure communication with cryptographic techniques
What is Blockchain?

5. • Digital information
Block
• Public database
• network of computers
called nodes
Chain

6. Blocks
Transaction
Information
Date, Time or
Amount etc.
Participants
Information
Digital Signature,
user name
Unique Code
Hash

7. Block
Block
Block
Block
Block
Block
Block
Block
Block
Block
Chain
● Chain formation
through adding
billions of blocks

8. How Does Block Chain Work?
● Occurrence of
Transaction
 Record formation
 Verification of record by
nodes (computers) over the
network to ensure validity

9. Process……
● Addition of record in Block
 Once verified, record is
added to block

10. Process……
● Using cryptographic
techniques, securing
blocks through hashes
● Each Block contains
hashes of previous block
● Hashes connect blocks in
specific order

11. Characteristics of Block Chain
● Fast Transactions
● Secure Communication
● Transparent peer-to-peer transactions
● Decentralized

12. Blockchain in Business
Born to support Cryptocurrencies
Public, Private and Hybrid Blockchains
Trust and credibility
Chronological shared view in real time of all the registries
Peniasquito mine, Goldcorp, MExico. Minehub
Digitizing and validating the supply chain
Enhanced transparency
Trust and credibility

13. Blockchain in Business
https://www.forbes.com/sites/stevebanker/2019/02/02/2019-is-the-year-for-
blockchain-for-traceability-but-will-it-have-legs/#8e60f1f3dcc4
https://www.forbes.com.mx/como-trabaja-el-blockchain-en-sectores-como-la-
mineria/amp/

14. Innovation Potential
The blockchain uses we will discuss here include the following:
1. Banking
2. Supply chain
3. Connected Car
4. Healthcare
5. Internet of Things
6. Identity
7. Marriage Certificates
8. Insurance
9. Wills
10. Food Safety
Guys Points can be added and changes can be made. I have made it according to my understanding

15. Innovation potential
Potential to be game changers in businesses - Opportunities and Challenges
In Logistics & Supply Chain Aspects
3 Big Benefits of a Digital Supply Chain Blockchain
● Data Security for Digital Supply Chains
● Easy, Trustworthy Authentication & Validation
● Better Supply Chain Tracking & Transparency
Innovative supply chain tracking technologies built on blockchain are enabling better information sharing, more transparency, and greater
accountability than previous ERPs or inventory and logistics tracking solutions.
Thanks to the cloud and constant supply chain connectivity and tracking solutions, it’s far easier to both connect disparate divisions as well as
improve cohesion and process efficiencies throughout a supply chain operation — even on a global scale.
Guys Points can be added and changes can be made. I have made it according to my understanding.

16. Conclusions
Benefits: Transparent, Incorruptible, Increased Traceability, Secure and public,
Digital Trust
Demerit: its kinda hard to understand the concept of Blockchain, even if the
essence is not that complicated
The more users you have watching each others backs improves the overall trust
and transparency of the system. (example of a 2 guys system)
Whenever you need to build a decentralized system that stores unalterable data records, Blockchain is what you are looking for.
In next 10 years there will be a great implementation in industries that will soon use blockchain technology are
Banking,Payments,Health and Logistics.

17. Conclusions
Recommended video: https://www.youtube.com/watch?v=3xGLc-zz9cA
Thank you!