Intro to Blockchain

Joe Buza

Overview

  • Why

  • Origin

  • Definition

  • How it works

  • Benefits

  • Use cases

Why blockchain?

How do you verify?

Counterfeit shoes

FDA approved medications

Individual identity

Solution

System Requirements:

  • Store records

  • Transparent

  • Secure

Origin

Satoshi Nakamoto

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

Use cases

Demo

Resources

Questions?

Intro to Blockchain

By Joe Buza

Intro to Blockchain

An intro to blockchain technology. I will explore concepts like mining, proof of work and block creation.

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