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Blockchain Fundamentals Created by 101blockchains.com
Blockchain Fundamentals
Blockchain Made Easy
Created by 101blockchains.com
Blockchain Fundamentals
Abstract
➢ What exactly is Blockchain Technology
➢ Must know Blockchain Terms
➢ What are Smart Contracts?
➢ Blockchain Digital Transformation
➢ How Blockchain will change our world?
Created by 101blockchains.com
Blockchain Fundamentals
What is Blockchain?
“Open, distributed ledger that can record transactions between two parties
efficiently and in a verifiable and permanent way" wikipedia.org
✓ Open
✓ Distributed
✓ Ledger
✓ P2P
✓ Permanent
Created by 101blockchains.com
Blockchain Fundamentals
Created by 101blockchains.com
Blockchain Fundamentals
Created by 101blockchains.com
Blockchain Fundamentals
Created by 101blockchains.com
Blockchain Fundamentals
Created by 101blockchains.com
Blockchain Fundamentals
Created by 101blockchains.com
Blockchain Fundamentals
Must know Blockchain Terms
● Airdrop: Airdrop is a process of distributed free cryptocurrency coins to the general public.
● Altcoin: Altcoin is any cryptocurrency other than Bitcoin.
● Bitcoin: Bitcoin is the first cryptocurrency that came into existence in 2009 by Satoshi Nakamoto. It is a digital
currency that doesn’t require a centralized authority to work or function.
● DAO: DAO stands for the decentralized autonomous organization.
● dApp: dApp stands for the decentralized applications that run without the control of a central authority.
● ERC-20: ERC-20 is a technical standard for issuing tokens on Ethereum blockchain.
● Ether: Ether is the fuel that powers distributed Ethereum network.
● Fiat: Fiat is the government-controlled currency and is declared as legal tender.
● ICO: ICO stands for Initial Coin Offering that is used by startups to raise funds by selling tokens.
● Mainnet: Mainnet is a working blockchain product that also provides the ability to transfer digital currencies
between users in a blockchain environment.
Created by 101blockchains.com
Blockchain Fundamentals
● 51% Attack: 51% attack is a common vulnerability with blockchain technology. It can be exploited by a group of
miners if they control 51% of the hash rate of the whole network.
● Utility Token: Utility token is token that has a utility attached to it. They are used for accessing a product or
service.
● DYOR: DYOR stands for "Do Your Own Research“.
● FOMO: FOMO stands for Fear Of Missing Out.
● FUD: FUD stands for Fear, Uncertainty, and Doubt .
Must know Blockchain Terms
Created by 101blockchains.com
Blockchain Fundamentals Created by 101blockchains.com
Blockchain Fundamentals
Created by 101blockchains.com
Blockchain Fundamentals
Blockchain Fundamentals Created by 101blockchains.com
Created by 101blockchains.com
Blockchain Fundamentals
What Are the Advantages of Smart Contracts?
✓ Total Transparency
✓ No Miscommunication
✓ Efficient Performance
✓ No Paperwork
✓ Backup
✓ Trustworthy
✓ Guaranteed Outcomes
Created by 101blockchains.com
Blockchain Fundamentals
Disadvantages of Smart Contracts
× Confidentiality
× Error
× Rogue Contracts
Created by 101blockchains.com
Blockchain Fundamentals
Blockchain Fundamentals Created by 101blockchains.com
Created by 101blockchains.com
Blockchain Fundamentals
Is the Blockchain overhyped?
Expectations Disappointment Production
We are here
Created by 101blockchains.com
Blockchain Fundamentals
1. Technology
2. Media
3. Law and Crime
4. Transportation
5. Governmental Services
6. Human Rights
7. Finance
8. Contracts
9. Entertainment
9 Verticals of
Blockchain Transformation
Created by 101blockchains.com
Blockchain Fundamentals
● Supply Chains
● Fintech
And more...
● Retail
● Shipping
● Mining
● Healthcare
● Insurance
2018 Leading Sectors
Created by 101blockchains.com
Blockchain Fundamentals
Web 3.0 is the 3rd generation of the
internet where the devices are
connected in a decentralized network
rather depending on server-based
databases.
The new internet is a user-centric,
more secured, private and better
connected.
Web 3.0 –
Make People Valuable Again
Created by 101blockchains.com
Blockchain Fundamentals
Web 3.0 Benefits
● Anti-monopoly
● Pro-privacy
● Secure network
● Data Ownership
● Interoperability
● No interruption in service
● Permissionless blockchains
● Semantic Web
● Ubiquity
Created by 101blockchains.com
Blockchain Fundamentals
Remember
● Decentralized Internet
● No central authority
● Data Flow
● New Business Models
● dApps
Created by 101blockchains.com
Blockchain Fundamentals
● Social Networks
● Exchange Services
● Messaging
● Storage Services
● Insurance and Banking
● Streaming Services
● Remote Jobs
● Browsers
Web 3.0 Ecosystem
Created by 101blockchains.com
Blockchain Fundamentals
Federated Blockchains
Use Cases
● Financial Services.
● Insurance Claims.
● Multiparty Aggression.
● Supply Chain Management.
● Organizational records
security.
Created by 101blockchains.com
Blockchain Fundamentals
Federated Blockchains
● Finance
○ we.Trade (IBM)
○ Volton (r3)
○ HKTPF
○ Marco Polo (r3, TRADEIX)
○ Batavia (IBM)
● Insurance
○ B3i (r3)
● Retail
○ Retail Consortium(IBM)
Created by 101blockchains.com
Blockchain Fundamentals
● Integrity
● Write Access
● Cost
● Trust
Blockchain Fundamentals
Bonus #1
Blockchain vs Database
Created by 101blockchains.com
Blockchain Fundamentals
● Currency Tokens
● Asset Tokens
● Utility Tokens
● Equity Tokens
Blockchain Fundamentals
Bonus #2
Different Types of Tokens
Free Resources
Enterprise Blockchains Fundamentals - Free Course
Blockchain Webinars
Blockchain Conferences
Thank You
© 2021 101 Blockchains. All rights reserved. This document may not be distributed, transmitted or reproduced in any form or by any means without
101 Blockchains’ prior written permission. While the information contained in this document has been obtained from sources believed to be reliable,
101 Blockchains disclaims all warranties as to the completeness or accuracy. Although 101 Blockchains research may address business, financial,
investment and legal issues, 101 Blockchains does not provide any business, financial, legal or investment advice and this document should not be
construed or used as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this publication.

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Blockchain Fundamentals for Beginners - 101 Blockchains

  • 1. Created by 101blockchains.com Blockchain Fundamentals Created by 101blockchains.com Blockchain Fundamentals Blockchain Made Easy
  • 2. Created by 101blockchains.com Blockchain Fundamentals Abstract ➢ What exactly is Blockchain Technology ➢ Must know Blockchain Terms ➢ What are Smart Contracts? ➢ Blockchain Digital Transformation ➢ How Blockchain will change our world?
  • 3. Created by 101blockchains.com Blockchain Fundamentals What is Blockchain? “Open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way" wikipedia.org ✓ Open ✓ Distributed ✓ Ledger ✓ P2P ✓ Permanent
  • 9. Created by 101blockchains.com Blockchain Fundamentals Must know Blockchain Terms ● Airdrop: Airdrop is a process of distributed free cryptocurrency coins to the general public. ● Altcoin: Altcoin is any cryptocurrency other than Bitcoin. ● Bitcoin: Bitcoin is the first cryptocurrency that came into existence in 2009 by Satoshi Nakamoto. It is a digital currency that doesn’t require a centralized authority to work or function. ● DAO: DAO stands for the decentralized autonomous organization. ● dApp: dApp stands for the decentralized applications that run without the control of a central authority. ● ERC-20: ERC-20 is a technical standard for issuing tokens on Ethereum blockchain. ● Ether: Ether is the fuel that powers distributed Ethereum network. ● Fiat: Fiat is the government-controlled currency and is declared as legal tender. ● ICO: ICO stands for Initial Coin Offering that is used by startups to raise funds by selling tokens. ● Mainnet: Mainnet is a working blockchain product that also provides the ability to transfer digital currencies between users in a blockchain environment.
  • 10. Created by 101blockchains.com Blockchain Fundamentals ● 51% Attack: 51% attack is a common vulnerability with blockchain technology. It can be exploited by a group of miners if they control 51% of the hash rate of the whole network. ● Utility Token: Utility token is token that has a utility attached to it. They are used for accessing a product or service. ● DYOR: DYOR stands for "Do Your Own Research“. ● FOMO: FOMO stands for Fear Of Missing Out. ● FUD: FUD stands for Fear, Uncertainty, and Doubt . Must know Blockchain Terms
  • 11. Created by 101blockchains.com Blockchain Fundamentals Created by 101blockchains.com Blockchain Fundamentals
  • 12. Created by 101blockchains.com Blockchain Fundamentals Blockchain Fundamentals Created by 101blockchains.com
  • 13. Created by 101blockchains.com Blockchain Fundamentals What Are the Advantages of Smart Contracts? ✓ Total Transparency ✓ No Miscommunication ✓ Efficient Performance ✓ No Paperwork ✓ Backup ✓ Trustworthy ✓ Guaranteed Outcomes
  • 14. Created by 101blockchains.com Blockchain Fundamentals Disadvantages of Smart Contracts × Confidentiality × Error × Rogue Contracts
  • 15. Created by 101blockchains.com Blockchain Fundamentals Blockchain Fundamentals Created by 101blockchains.com
  • 16. Created by 101blockchains.com Blockchain Fundamentals Is the Blockchain overhyped? Expectations Disappointment Production We are here
  • 17. Created by 101blockchains.com Blockchain Fundamentals 1. Technology 2. Media 3. Law and Crime 4. Transportation 5. Governmental Services 6. Human Rights 7. Finance 8. Contracts 9. Entertainment 9 Verticals of Blockchain Transformation
  • 18. Created by 101blockchains.com Blockchain Fundamentals ● Supply Chains ● Fintech And more... ● Retail ● Shipping ● Mining ● Healthcare ● Insurance 2018 Leading Sectors
  • 19. Created by 101blockchains.com Blockchain Fundamentals Web 3.0 is the 3rd generation of the internet where the devices are connected in a decentralized network rather depending on server-based databases. The new internet is a user-centric, more secured, private and better connected. Web 3.0 – Make People Valuable Again
  • 20. Created by 101blockchains.com Blockchain Fundamentals Web 3.0 Benefits ● Anti-monopoly ● Pro-privacy ● Secure network ● Data Ownership ● Interoperability ● No interruption in service ● Permissionless blockchains ● Semantic Web ● Ubiquity
  • 21. Created by 101blockchains.com Blockchain Fundamentals Remember ● Decentralized Internet ● No central authority ● Data Flow ● New Business Models ● dApps
  • 22. Created by 101blockchains.com Blockchain Fundamentals ● Social Networks ● Exchange Services ● Messaging ● Storage Services ● Insurance and Banking ● Streaming Services ● Remote Jobs ● Browsers Web 3.0 Ecosystem
  • 23. Created by 101blockchains.com Blockchain Fundamentals Federated Blockchains Use Cases ● Financial Services. ● Insurance Claims. ● Multiparty Aggression. ● Supply Chain Management. ● Organizational records security.
  • 24. Created by 101blockchains.com Blockchain Fundamentals Federated Blockchains ● Finance ○ we.Trade (IBM) ○ Volton (r3) ○ HKTPF ○ Marco Polo (r3, TRADEIX) ○ Batavia (IBM) ● Insurance ○ B3i (r3) ● Retail ○ Retail Consortium(IBM)
  • 25. Created by 101blockchains.com Blockchain Fundamentals ● Integrity ● Write Access ● Cost ● Trust Blockchain Fundamentals Bonus #1 Blockchain vs Database
  • 26. Created by 101blockchains.com Blockchain Fundamentals ● Currency Tokens ● Asset Tokens ● Utility Tokens ● Equity Tokens Blockchain Fundamentals Bonus #2 Different Types of Tokens
  • 27. Free Resources Enterprise Blockchains Fundamentals - Free Course Blockchain Webinars Blockchain Conferences
  • 28. Thank You © 2021 101 Blockchains. All rights reserved. This document may not be distributed, transmitted or reproduced in any form or by any means without 101 Blockchains’ prior written permission. While the information contained in this document has been obtained from sources believed to be reliable, 101 Blockchains disclaims all warranties as to the completeness or accuracy. Although 101 Blockchains research may address business, financial, investment and legal issues, 101 Blockchains does not provide any business, financial, legal or investment advice and this document should not be construed or used as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this publication.