2. “The buzz word
continues to shake the
digital world”
● What is a Blockchain ?
● How does it work?
● What are the platforms of Blockchain
● What problems will it solve?
● What are it’s Barriers?
● Blockchain and Futran
3. AS the name suggests it’s a
continuous chain(network) of
computers which posses information.
Eliminating middleware in a network
Ensuring
peer to peer connection.
What is a
Blockchain ?
4. How does it work?
Ever tried buying a toy without going to any outlet ?
If you did congrats you were a part of peer to peer
connection.
Peer to peer connection - connection
between to entities (blocks/computers ) with
no middle ware
5. The blockchain has incorruptible ledger
Centralized data is no more available as it is distributed among all the nodes.
Ledger with every Block
The data( Transaction ledger ) gets randomized validation around all the nodes
Each block has its own hash address , data , previous blocks hash address.
These addresses are encoded with cryptographic algorithms.
7. Even when an intruder comes he can’t enter as the hash addresses
are unique furthermore the verification of these addresses end up in
stalemate for a certain amount of time ( 10 mins ). Can simply be
termed as proof of work
These hash addresses are unique i.e, they have their own fingerprint
8. Hey it’s all good now but How to add a new Block ?
The Users are given privileges on addition of new Block, Only the user who wishes to add the block
is given privilege to add a block only to the end of the chain
Which saves the chain from malicious blocks which feed invalid Transactions to viruses to the
network.
Each Block is sent to each and every user once all the blocks agree to the new addition by proof to
work all the blocks agree to welcome the new block this is called “Consensus! ”
12. BigChainDB, an open source system that “starts
with a big data distributed database and then adds
blockchain characteristics — decentralized control,
immutability and the transfer of digital assets”.
Chain Core, a blockchain platform for issuing and
transferring financial assets on a permissioned
blockchain infrastructure.
Corda, a distributed ledger platform with pluggable
consensus.
Credits, a development framework for building
permissioned distributed ledgers.
Domus Tower Blockchain, designed for regulated
environments, benchmarked at ingesting over 1
million transactions per second.
Elements Blockchain Platform, an open source,
protocol-level technology for extending the functionality
of Bitcoin.
Eris:db, an open source, protocol-level technology for
extending the functionality of Bitcoin.
Ethereum, a decentralized platform that runs smart
contracts on a custom built blockchain.
HydraChain, an Ethereum extension for creating
Permissioned Distributed Ledgers for private and
consortium chains.
Hyperledger Fabric, which supports the use of one or
more networks, each managing different Assets,
Agreements and Transactions between different sets of
Member nodes.
13. What problems will it solve?
● Maintaining open and transparent government ledgers (e.g., property title),
● Restoring your ownership of digital media (e.g., songs, books and movies),
● Maintaining an accurate ledger of shares (e.g a private cap table),
● Verifying the ownership of valuables (e.g., diamonds or art).
14. How blockchain solving new
Internet Barriers ?
Bitcoin’s Upshot problem of decentralised
storage of ledger became a vulnerability
“storing records in an immutable
transparent ledger”
- Blockchain
Facebook,Google and other companies
Data Censoring is a myth
“offering a file-storage service,banking on
the idea that distributing files across a
decentralized network is safer than putting
all your files in one cabinet.”
-Blockchain
17. 1. Underperformed Functionality
The blockchain that Bitcoin uses is designed to handle seven
transactions per second, and Ethereum can only handle a few more.
2. Significant Cost
The extremely high cost of using blockchain technology is the major
barrier to mainstream adoption.
3. Locked-In Platform
Developers have to decide which blockchain to support from the very
beginning. The infrastructural design and code are usually secured
within the blockchain. Unreplaceable once applied, the platform
cannot provide optimal user experience without support on various
Blockchain technologies.
18. 4. Lack of Features
The world has high expectations for blockchain - the news media, evangelists, and
journalists have painted a bright future for decentralized applications for the public,
especially with the increasingly high prices of cryptocurrencies.
5.Power Consumption
It takes ridiculous amount of energy just to randomise transaction validation
20. We provide solutions to the Blockchain technology in following ways
BlockChain Strategy Assessment
It is important to understand which strategy works best when implementing or
integrating blockchain into a business process.
BlockChain Development
There just aren’t enough blockchain developers if you look for them traditionally.
Futran Solutions brings to you a pool of blockchain developers that are ready to
take on professional challenges.
BlockChain Solutions
Futran Solutions provides industry specific solutions for blockchain.
21. BlockChain Integration
Blockchain integration starts with prototype building to tackle a specific business
problem on typical DLT platforms. Integration professionals build a limited
simulator that emulate a core bank system for a given application.
BlockChain Testing
Once a blockchain prototype is built, it needs to be tested for strength, purpose,
and rigidity. Blockchain testing professionals and quality analysts excel at finding
present and future loopholes in working processes.
22. The Evolution Ai and Blockchains are just Beginning
imagine the countless opportunities
23. The Synergy between the platforms such as
Ai,BlockChain,Cryptocurrency will be mind boggling
if they are together evolved with time.
The Future awaits…
24. Summary
1. Distributed peer-to-peer database
2. No middle ware
3. Transparent ledger
4. Hash and its functionality
5. Consensus protocol
6. Life cycle
7. Solutions through Blockchain
8. Barriers
