BLOCK CHAIN

PRESENTED BY :
SHAIK TAHSEEN(IV-CSE)
GORIGE ANUSHA(IV-CSE)
 Content
 What is blockchain
 Types of blockchain
 Apllications of blockchain
 Advantages
 Disadvantages
 Skills needed
 Conclusion
 What Is Blockchain?

 A Blockchain is a decentralized database that is shared among

computer network nodes.
 Transactional data from numerous sources may be readily
collected, integrated, and shared using blockchain cloud services.
 Data is divided into common blocks linked together using
cryptographic hashes as unique IDs.
 Data integrity is ensured via Blockchain, which uses a single
source of truth to eliminate data duplication and increase
security.
 Fraud and data tampering is prevented in a blockchain system
since data can't be changed without the permission of the nodes
of the parties.
 Types of Block chain

 There are majorly four types of Block chain -

 1. Public Blockchain
 2. Private Blockchain
 3. Hybrid Blockchain
 4. Consortium Blockchain
PUBLIC BLOCK CHAIN
 It is a permission-less
distributed ledger on which
anybody can join and conduct
transactions.
 It is a non-restrictive form of
the ledger in which each peer
has a copy. This also means that
anyone with an internet
connection can access the
public Blockchain.
 This user has access to
historical and contemporary
records and the ability to
perform mining operations.
PRIVATE BLOCK CHAIN
 A block chain network operates in a
private context, such as a restricted
network, or is controlled by a single
identity.
 While it has a similar peer-to-peer
connection and decentralization to a
public block chain network, this
Block chain is far smaller.
 They are often run on a small
network within a firm or
organization rather than open to
anybody who wants to contribute
processing power.
 Permissioned block chains and
business block chains are two more
terms for them.
HYBRID BLOCK CHAIN
 Organizations who expect the best of
both worlds use a hybrid blockchain,
which combines the features of both
private and public blockchains.
 It enables enterprises to construct a
private, permission-based system
alongside a public, permissionless
system, allowing them to choose who
has access to certain Blockchain data
and what data is made public.
 In a hybrid blockchain, transactions
and records are typically not made
public, but they can be validated if
necessary by granting access via a
smart contract.
CONSORITUM BLOCK CHAIN
 In the same way that a hybrid
blockchain has both private and public
blockchain features, a Consortium
blockchain, also known as a federated
blockchain, does.
 However, it differs because it involves
various organizational members
working together on a decentralized
network.
 Predetermined nodes control the
consensus methods in a consortium
blockchain.
 It has a validator node responsible for
initiating, receiving, and validating
transactions. Transactions can be
initiated or received by member nodes.
 BLOCKCHAIN
APPLICATIONS
 Money transfer
 Smart contracts
 Internet of Things (IoT)
 Personal identity security
 Healthcare
 Logistics
 Non-fungible tokens (NFTs)
 Government
 Media
 Advantages Of Blockchain
 • Immutability. Blockchain supports immutability, meaning it is impossible to erase or
replace recorded data. Therefore, the blockchain prevents data tampering within the network.
 • Transparency. Blockchain is decentralized, meaning any network member can verify data
recorded into the blockchain. Therefore, the public can trust the network.
 On the other hand, a traditional database is centralized and does not support transparency.
Users cannot verify information whenever they want, and the administration makes a
selected set of data public. Still, however, individuals cannot verify the data.
 • Censorship. Blockchain technology is free from censorship since it does not have control
of any single party. Therefore, no single authority (including governments) can interrupt the
operation of the network.
 • Traceability. Blockchain creates an irreversible audit trail, allowing easy tracing of
changes on the network.
 The traditional database is neither transparent nor immutable; hence, no permanent trail is
guaranteed.
 Disadvantages Of Blockchain
 • Speed and performance. Blockchain is considerably slower than the
traditional database because blockchain technology carries out more operations.
First, it performs signature verification, which involves signing transactions
cryptographically. Blockchain also relies on a consensus mechanism to validate
transactions. Some consensus mechanisms, such as proof of work, have a low
transaction throughput. Finally, there is redundancy, where the network
requires each node to play a crucial role in verifying and storing each
transaction.
 • High implementation cost. Blockchain is costlier compared to a traditional
database. Additionally, businesses need proper planning and execution to
integrate blockchain into their process.
 • Data modification. Blockchain technology does not allow easy modification
of data once recorded, and it requires rewriting the codes in all of the blocks,
which is time-consuming and expensive. The downside of this feature is that it
is hard to correct a mistake or make any necessary adjustments.
 SKILLS NEEDED

 Blockchain isn't a simple concept, so if you want

to learn all about it, there aresome skills you
should have at least apassing knowledge of :e
Programming (especially Java, Solidity, C+,
Python, and JavaScript)e Data structures and
architecturee Crypto graphye Cyber security
You don't have to be a master in the above skills,
but it helps to understand them because many of
the concepts that they encompass will be things
you will see when you learn block chain
 CONCLUSION
 As you can see, a tremendous amount of development that took place for
almost half a century made the modern blockchain possible. Bringing
these technologies together — almost all of them based not on just
techniques but deep mathematical foundations — into a cohesive whole in
the form of a bitcoin application was no doubt a tremendous achievement
in itself
 Moving forward, we need to keep in mind the initial motivation for each
of these technologies, their strengths, their limitations, and determine how
to create different architectures based on business needs. A good example
of this is to relax the requirements of anonymity, strengthen safety,
incorporate recourse, improve security, and incorporate the enormous
complexity of regulatory compliance in securities transactions. Making
such trade-offs doesn’t detract from the need for public, decentralized
blockchains. On the contrary, this strengthens the use of the blockchain
technology ‘horizontally’ across many industries and use cases.