Blockchain

Decentralized Ledger

  • Blockchain is a decentralised Byzantine-fault-tolerant distributed ledger.
  • It's secure: Impossible to add, remove or change data without being detected by other users.
  • A hash makes the links between blocks virtually unbreakable.
blockchain

Smart Contracts

  • Smart contracts are lines of code that are stored on a blockchain
  • Smart contracts are self-executing contracts
  • They automatically execute when predetermined terms and conditions are met.
  • Immutable
  • Perpetual

Application

  • Banks
  • Supply chain monitoring
  • IoT
  • Insurance: Claims processing
  • Politics: Voting - Eclection
  • Monitor Aid, charity (reduce corruption)
  • Payment processing and Money transfer
  • Cybersecurity
  • Crowdfunding
  • Private Transportation
  • Automatically pay for parking
  • Online Storage
  • Government: Reduce bureaucracy
  • Healthcare
  • Energy management
  • Online Music
  • Retail
  • Etc...