This document provides an introduction to disruptive blockchain technology. It discusses the history of bitcoin and how the first blockchain network was launched in 2008. It defines blockchain as a growing list of linked data blocks. Blockchain technology features include cutting out middlemen, building consensus across participants, and creating witnesses to published information. Key features include immutable transparent data storage without intermediaries and a consistent state across all participants. Challenges include high energy consumption, scalability issues, and risks of money laundering and personal responsibility. The document outlines potential applications of blockchain in digital currency, securities, record keeping, and smart contracts.

1. Introduction to
Disruptive Technologies
CSIT-229
By – Ansh Budania
A018130520014
(BBA IBAI)

2. Blockchain Technology

3. The history of Bitcoin
Idea was published under the name of
Satoshi Nakamoto
2008
Start of the Bitcoin Network
2009
First cryptocurrency exchange is launched
2010
One Bitcoin is equals one USD
2011

4. Bitcoin X=X
Blockchain
Blockchain
A Blockchain is a growing list of data blocks
that are linked together.

5. Bitcoin Ecosystem
More Participants
More security
Increased Bitcoin
Value

6. Features
Cutting the middleman. E.g. direct transfer of Bitcoin
Building Consensus. Afer a finite time, all participants agree on a single state. E.g.
on who owns how many Bitcoin
Creating Witnesses. If something is published on a public blockchain, all
participants become witness. E.g. OriginStamp create a secure timestamp for
documents.

7. Key Features
• Write-only immutable, transparent data storage
• Decentralised, no need for intermediaries
• Consistent state acress all participants
• Resistant against malicious participants
• Open to everyone

8. Challenges
• Energy Consumption
• Scalability
• Money Laundering
• Personal Responsibilty

9. Digital Currency
• E-commerce
• Global Payments
• Remittance
• P2P Lending
• Microfinance
Securities
• Equity
• Private Markets
• Debt
• Crowdfunding
• Derivatives
Record Keeping
• Healthcare
• Title Records
• Ownership
• Voting
• Intellectual Property
Smart Contracts
• Digital Rights
• Wagers
• Escrow
Blockchain Applications

10. Thankyou