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Blockchain Technology

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Title of Slide Slide Number
Blockchain Technology 3
How Blockchain Technology helps 4
Where are Blockchain Apps 5
Social Media application using
Blockchain
6
Table Of Contents

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Blockchain Technology
A very famous terminology that is used to describe the blockchain is
“Google docs as Blockchain” means it’s functionality is so much similar
to the Google docs like when you create a Google doc it can be shared
among the number of people but none of them have a copy of it so it is
distributed but none of them copied it.
Similar to that the Blockchain has blocks which are nothing but a
collection of transactions which have to be verified every node in the
network have those block but none of them can change or copy it and
there are new transactions happening every second so there are new
blocks created and each block is connected to the previous block like a
chain by keeping some information of the previous block hence the
name Blockchain.

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How BlockChain Technology helps
This question is asked so many times that if they are not interested in the
Bitcoin or any digital currency for that matter how does the blockchain
technology benefits them and the main answer is security the blockchain
is secure.
As each transaction that has been done on the block chain is verified at
least 6 times for its authenticity.
The part that people are most uninformed about is that the transaction
can be of anything not just money. It could be of information goods etc.
The block chain just verifies them and make sure that the parties that
are doing the transactions are authentic also there is no irregularity in the
transaction and because the network is distributed therefore the
confirmations can be trusted.

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Where are Block chain Apps
The applications that use blockchain technology are called distributed
apps or DAPPS for shorts these apps use the regular technology or
languages for the front end but in the back-end they use block chain to
store and verify the data.
Today there are many new platforms and frameworks are available to
create and deploy DAPPS like Etherium, BigChainDB etc.
The block chain community is pretty much sure that it is the future and
in the next decade or so people would be using DAPPS for their day to
day life applications or who knows may be the new internet made using
the block chain could be just around the corner.

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Social Media Applications Using Blockchain
There are different social media applications, which are using Blockchains.
Steemit
A reddit like platform with the benefits of getting rewards based on the
quality of the content the user is providing. It runs on their own steem
blockchain and has the business model just like the sapein.

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Indorse
A LinkedIn like Blockchain based app that checks every claim user do when they
post something. So if the user post that they are an expert in the java then they will
have to provide proof of that claim and some random consensus which are expert
in that field will evaluate the claim and based on that the claim would be marked
correct or will get flagged.
Cont….

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Sola
Sola uses AI with the social media to provide user with the best suitable content
for the user. It also integrated blockcahain in its app to give control of the user
data to their owner.
Cont….

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onG.social
A decentralized service that connects all your social media sites at a single
dashboard even the centralized ones and it also give out crypto currency as
rewards for enabling advertisements or you can shut down the advertisement
completely. It is built upon ethereum and waves platform block chain.
Cont….

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