Blockchain is a decentralized digital ledger that records transactions across a peer-to-peer network. It allows direct connections between consumers and suppliers without a trusted middleman. Transactions are recorded cryptographically and distributed across the network, requiring consensus to be verified before being recorded in the ledger. This prevents the same transactions from being spent twice. Blockchain has potential applications beyond digital currencies, including exchanging money, goods, and property, reducing fraud and inefficiencies in financial transactions.

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2. Many people know it as the technology behind Bitcoin,
but blockchain’s potential uses extend far beyond
digital currencies.
So what exactly is blockchain, and why are Wall
Street and Silicon Valley so excited about it?
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3. What is blockchain?
Currently, most people use
a trusted middleman such
as a bank to make a
transaction.
But blockchain allows
consumers and suppliers
to connect directly.
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4. Continue…
Using cryptography to keep
exchanges secure, blockchain
provides a decentralized database,
or “digital ledger”, of transactions
that everyone on the network can
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see. This network is essentially a chain of
computers that must all approve an exchange
before it can be verified and recorded.
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5. In the case of Bitcoin, blockchain stores the details
of every transaction of the digital currency, and the
technology stops the same Bitcoin being spent
more than once.
How does it work in practice?
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How does it work in practice?
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7. Why is it so revolutionary?
Work for almost every type of transaction involving value,
including money, goods and property.
Its potential uses are almost limitless: from collecting taxes to to
send money back to family in countries where banking is
difficult.
Help to reduce fraud because every transaction would be
recorded and distributed on a public ledger for anyone to see.
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8. Where can it be used?
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• Banks, notary offices, Bitcoin
ATM's, Voting, etc.
• Places where there is need of
the high security.
• Irrevocable, transaction,
contract, or any other digital
data stored on it.

9. Why are banks interested?
Banks can use
it for money
transfers,
record keeping
and other
back-end
functions.
Replicates the paper-
intensive international
trade finance process as
an electronic
decentralized ledger,
A single source of
information.
Track
documentation
and
authenticate
ownership of
assets digitally.
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10. Is it safe?
USP : Execute a
transaction without
any intermediary.
Financial institutions
to execute and verify
transactions discretely
without any human
intervention.
The electronic ledger of
transactions is
continuously maintained
and verified in 'blocks' of
records.
With the help of
cryptography, the
tamper-proof ledger is
shared between parties
on computer servers.
Bring down the
costs and
reduce
inefficiencies in
the financial
sector.
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11. What Is a Blockchain Wallet?
Wallet technology
could be used for
any system using
a blockchain.
A wallet is a piece of
software or hardware that
“holds” your
cryptocurrency.
Place that your public and
private keys are stored.
The wallet is
the only record
of your keys. So
if you lose it,
you’ll no longer
have access to
your
cryptocurrency.
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12. THANKS FOR WATCHING
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