Introduction
Blockchain technology isa secure, decentralized digital ledger that records transactions across multiple computers, ensuring
transparency and immutability while reducing reliance on intermediaries.
Definition and Concept
Blockchainis a distributed database that maintains a continuously growing list of records, called blocks, linked and secured using
cryptography.
5.
How Blockchain Works
Transactionsare grouped into blocks, verified by a network of nodes, and added to the chain, making data tamper-resistant and
transparent.
6.
Types of Blockchains
Blockchainscan be classified as public, private, or consortium, each varying in access
permissions, control, and transparency depending on their use case.
Use Cases inDifferent Industries
Blockchain is transforming sectors such as finance, supply chain, healthcare, and real estate by enhancing security, traceability,
and efficiency.
9.
Benefits of Blockchain
Technology
Keybenefits include improved transparency, reduced fraud, increased security, and
lower operational costs through decentralized control.
10.
Limitations and Challenges
Challengesinclude scalability issues, high energy consumption, regulatory uncertainty, and integration complexity with existing
systems.
11.
Conclusions
Blockchain technology offerssignificant potential to transform industries through
secure and transparent operations, but organizations must navigate technical and
regulatory challenges effectively.
12.
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