Sandip Foundations

SANDIP INSTITUTE OF ENGINEERING AND

MANAGEMENT
DEPARTMENT OF COMPUTER ENGINEERING
Seminar Presentation on
BlockChain Technology
Members:-
1)Sumit Upadhyay
2)Harsh Singhal Guided By:-
3)Krutishil Purkar Prof. Avinash Potdar

4)Akshada Tupe
 SUMMARY OF
PRESENTATION

1. Introduction.

2. Objectives.

3. Literature Survey.

4. Working.

5. Architecture.

6. Application.

7. Conclusion.
 INTRODUCTION

INTRODUCTION

A blockchain is a decentralized, distributed database that is used to

maintain a continuously growing list of records, called blocks. Each block
contains a timestamp and a link to a previous block. By design and by
purpose blockchains are inherently resistant to modification of the data.
Functionally, a blockchain can serve as ‘an open, distributed ledger that
can record transactions between two parties efficiently and in a verifiable
and permanent way.’
 OBJECTIVES
 Traceability :The Blockchain Database proves to be beneficial for the companies to trace
their things and very useful for supply chain management.
 Decentralization : All the nodes of Blockchain connects together to form a decentralised
system in which each node is main node and this system is free of any master node.
 Transparency : Blockchain forms a transparent network In which all the transactions
are clear to all the other users in this chain.
 Data security : Data entered in the blockchain database are highly secured and the
transactions being open to everyone still the data cannot be edited or flawed by any
unauthorised person and such a system is very hard to be hacked.
 OBJECTIVES
 Low cost : Blockchain management system being an best choice for database is also
cost effective system.

 High efficiency : It is highly efficient as there are no chances of errors and it is time
saving which proves to be a cost cutting system for industries.

 Robustness - Extreme fault tolerance due to inbuilt redundancy & decentralization.

 LITERATURE
SURVEY
SR. NO. NAME OF RESEARCH PAPER AUTHOR NAME PUBLISHING DATE

1. VU UNIVERSITY OF A. SHANTI BRUYN AUGUST 26,2017

AMSTERDAM RESEARCH
PAPER

2. IEEE PAPER MORGAN PECK NOVEMBER 2017

 WORKING OF BLOCKCHAIN
These are the core blockchain architecture components:
 Node - user or computer within the blockchain architecture (each has an
independent copy of the whole blockchain ledger)
 Transaction - smallest building block of a blockchain system (records,
information, etc.) that serves as the purpose of blockchain
 Block - a data structure used for keeping a set of transactions which is
distributed to all nodes in the network
 Chain - a sequence of blocks in a specific order
 Miners - specific nodes which perform the block verification process
before adding anything to the blockchain structure
 Consensus (consensus protocol) - a set of rules and arrangements to
carry out blockchain operations
 APPLICATIONS
 Banks.
 Supply Chain Management.
 Voting System.
 Identity Management and Verification.
 Insurance: Claims processing
 Payments: Cross-Border Payments
 Blockchain Internet-of-Things (IoT)
 Smart Appliances
 APPLICATIONS : BITCOIN
 A pseudonymous software developer going by the name of Satoshi
Nakamoto proposed bitcoin in 2009, as an electronic payment system based on
mathematical proof. The idea was to produce a means of exchange, independent of
any central authority, that could be transferred electronically in a secure, verifiable
and immutable way.
 Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital
currency without a central bank or single administrator that can be sent from user-
to-user on the peer-to-peer bitcoin network without the need for intermediaries.
Bitcoin is digital money that is not issued or controlled by anyone. It is used to
securely store and transfer any amount of value anywhere in the world. It is used to
buy goods and services, store wealth, or send value to anyone without the
permission of a third party. Often regarded as “Digital Gold,” bitcoin that is stored
properly cannot be hacked, stolen or seized by a government.
BITCOIN GRAPH FROM 2013 TO
2017
 CONCLUSION
The conclusion can be drawn that Blockchain is a very useful new type of
database which probably harbors many still-to-be-found solutions. It allows for
solutions previously unthinkable. Each sector should take a close look at
blockchain, and see whether it has in the past put questions aside which -at
that time- were unsolvable, but might very well be solvable with blockchain.
 REFERENCES
 Blockchain Wikipedia https://en.wikipedia.org/wiki/Blockchain
 Bitcoin Wikipedia https://en.wikipedia.org/wiki/Bitcoin
 WhitePaper IEEE – Reinforcing the links of the Blockchain.
 Blockchain an introduction : Research paper ,A. Shanti Bruyn , August 26, 2017.
THANK YOU!!!!