Similar to DeFi Major Business Models: Decentralized Currencies, Decentralized Payment Services, Decentralized fundraising, Decentralized Contracting (20)
3. Blockchain Technology
Blockchain is a combination of three leading technologies:
• Cryptographic keys
• A peer-to-peer network containing a shared ledger
• A means of computing, to store the transactions and
records of the network
10. Pros of Blockchain
• Improved accuracy by removing human
involvement in verification
• Cost reductions by eliminating third-party
verification
• Decentralization makes it harder to tamper with
• Transactions are secure, private, and efficient
• Transparent technology
• Efficiency and speed
44. Disscussion
1. Differentiate between Blockchain and Hyperledger.
2. What do you mean by blocks in Blockchain
technology?
3. How is Blockchain distributed ledger different from a
traditional ledger?
4. How can you identify a block?
5. What is cryptography? What is its role in Blockchain?
6. What is a Genesis Block?
7. What is a smart contract?
8. What is a real-life use-case where Blockchain is being
used?
45. References
• Haider Dhia Zubaydi 1 , Yung-Wey Chong 1,* , Kwangman Ko 2 , Sabri
M. Hanshi 1 and Shankar Karuppayah “A Review on the Role of
Blockchain Technology in the Healthcare Domain” 15 June 2019 available
at: https://www.mdpi.com/journal/electronics
• Dejan Vujičić, Dijana Jagodić, Siniša Ranđić “Blockchain Technology,
Bitcoin, and Ethereum: A Brief Overview” 2018, available at:
https://www.researchgate.net/publication/324791073
• Zibin Zheng, Shaoan Xie, Hongning Dai, Xiangping Chen, and Huaimin
Wang “An Overview of Blockchain Technology:Architecture, Consensus,
and Future Trends” in 2017 IEEE 6th International Congress on Big Data
V. Buterin, “Ethereum white paper: a next generation smart contract &
decentralized application platform,” 2013, available at:
http://www.theblockchain.com/docs/Ethereum_white_papera_next_generat
ion_smart_contract_and_decentralized_application_platf orm-vitalik-
buterin.pdf
• http://site.ieee.org/dallas-sensors/files/2018/03/BlockchainBasics.pdf
• https://www.investopedia.com/terms/b/blockchain.asp