Table of
Contents
01 What is blockchain?
02 How does it work?
03 Revolution
04 The application of Blockchain
WHAT IS ?
• Blockchain can be described as
collection linked with each other strongly resistant protected using
of records to alteration cryptography
DIFFERENT TYPES OF BLOCKCHAIN
• Public Blockchain
A non-restrictive, permission-less
• Private Blockchain distributed ledger system.
A restrictive or permission blockchain Anyone who has access to the
operative only in a closed network internet can be a part of the
It is usually used within an blockchain network.
organization or enterprise.
DIFFERENT TYPES OF BLOCKCHAIN
• Hybrid Blockchain
Combination of the private and public
• Consortium Blockchain blockchain.
A semi-decentralized type where It uses the features of both types of
more than one organization blockchains.
manages a blockchain network.
HISTORY OF BLOCKCHAIN
1991 2009 2014 2019
ORIGINAL BLOCKCHAIN BLOCKCHAIN BLOCKCHAIN
1.0 2.0 3.0
It was originally In 2009, Satoshi In early 2014, This is where
intended Nakamoto “Blockchain 2.0” blockchain ledgers
timestamps digital released Bitcoin was being used to are being used, for
documents. That it’s and the math distinguish between multiple applications,
impossible to that makes it “Bitcoin as an asset” to track the flow of
backdate or tamper work online. and assets of all kinds
with them. “Blockchain as a across a ledger to
programmable enable Smart
distributed trust Contract and Smart
infrastructure.” Property
MAIN CHARACTERISTICS OF BLOCKCHAIN
❑ Impossible to be faked or destroyed
❑ Immutability
❑ Transparency
❑ Decentralization
❑ Anonymity
❑ Smart Contract
These are the core blockchain architecture
components:
Core NODE
Components
User or computer within the
blockchain architecture
TRANSACTION
of That serves as the purpose of
blockchain (records,
Blockchain BLOCK
information, etc.)
Keeping records of transactions
Architecture: distributed across nodes. CHAIN
a sequence of blocks in a
How Does It
specific order
Work?
MINERS
A node that verifies blocks before
adding them to the blockchain CONSENSUS
Rules and arrangements for
blockchain operations
What is a block?
Data
Hash
Hash of
previous block
What is a block? Data
• Store inside block
• Depends on the type of blockchain
Paypal transaction block example
From:
To:
Amount:
What is a block? Hash
• Unique
• The change will cause the hash to change
1f3870be274f6c49b3e31a0c6728957f
What is a block?
Hash of previous block
• This effectively creates a chain
of block
What is a block?
1 2 3
Hash: 1D6B Hash: 9JK3 Hash: 2C8H
Previous hash: 0 Previous hash: 1D6B Previous hash: 9JK3
Genesis block
1 2 3
Hash: 1D6B Hash: 9JK3 P12G Hash: 2C8H
Previous hash: 0000 Previous hash: 1D6B Previous hash: 9JK3
Consensus
1
Mechanism
2 3
Peer-to-Peer Network
Hash: 1D6B Hash: 9JK3 P12G Hash: 2C8H
Previous hash: 0000 Previous hash: 1D6B Previous hash: 9JK3
PEER-TO-PEER
NETWORK
New Block
The following is a blockchain architecture diagram that shows how this works as a digital wallet.
THE
APPLICATION
OF
BLOCKCHAIN
• Blockchain is widely
used in many fields.
CRYPTOCURRENCY
Cryptocurrency is a digital payment system which:
• Immune to counterfeiting
• Don’t require a central authority
• Protect by strong and complex encryption algorithms
SMART CONTRACTS
❑ What is a Smart Contract?
• A smart contract is a self-executing program that automates the actions required in
an agreement or contract. Once completed, the transactions are trackable and
irreversible.
• Smart contracts permit trusted transactions and agreements to be carried out
among disparate, anonymous parties without needing a central authority, legal
system, or external enforcement mechanism.
TRADITIONAL
CONTRACT
2 1
3 4
4
SMART
CONTRACT
3 1
4 2
5
FOOD SUPPLY CHAIN
