Why blockchain?

How do you verify?

Counterfeit shoes

FDA approved medications

Individual identity

Solution

System Requirements:

• Store records

• Transparent

• Secure

What is a Blockchain?

A public decentralized database that maintains of a list of records called blocks, which are linked and secured using cryptography

Public

• Transparent

• Accessible by everyone

Decentrialized

• No single point of failure

• No single point of control

• No single point of regulation

Block

• Stores data/transactions

• Like a page of a ledger/record book

Cryptography

• Secures blockchain

• Prevents data tampering

• Prevents attacks

How it works

Benefits

• Transparency

• Permanent leger

• Cost reduction

• Accurate Tracking

Unknowns

• Scalability

• Competing platforms

• Regulatory Implications

Scalability

Competing Platforms

Regulation