Name – Nyle Daswani

Class – 11C
Subject – Informatic
 Block Chain Technology
•

• Blockchain is a shared , immutable ledger that facilitates the process of

recording transactions and tracking assets in a business network.
• Blockchain is a method of recording information that makes it impossible or
difficult for the system to be changed, hacked, or manipulated.
• Every transaction in this ledger is authorized by the digital signature of the
owner, which authenticates the transaction.
• Hence, the information in the digital ledger is highly secure.
 Importance of Blockchain

• Blockchain is ideal for delivering that information because it provides immediate,

shared and completely transparent information stored on an immutable ledger.
• A blockchain network can track orders, payments, accounts, production and much
more.
• You can see all details of a transaction end to end, giving you greater confidence,
efficiencies and opportunities.
• Bitcoin is the Blockchain’s prime application and the reason for developing the
technology, it has helped many people through financial services such as digital
wallets, micro loans and micro payments
• Blockchain technology can be used as a secure platform for the healthcare industry
for the purposes of storing sensitive patient data. 
 Four Types of Block Chain Technology

1) Public Blockchain - A public blockchain is one where anyone is free to join and
participate in the core activities of the blockchain network.
2) Private Blockchain - It is a distributed ledger that operates as a closed database secured
with cryptographic concepts and the organization's needs.
3) Hybrid Blockchain - A hybrid blockchain is a unique type of blockchain technology that
combines the components of both public and private blockchain . 4) Consortium
Blockchain - A consortium blockchain is a type of Blockchain in which members are not
granted to a single entity.
 THE BIGGEST BLOCKCHAIN
COMPANIES
Some of these companies also earn revenue from more traditional
lines of business.
• Coinbase Global Incorporation (COIN)
• Monex Group Incorporation ( MNXBF)
• BIT Mining Limited ( BTCM)
• Canaan Incorporation ( CAN)
• Voyager Digital Limited ( VYGVF)
• SOS Limited ( SOS)
 The Future of the Block Chain Revolution

• It will create a trusted, unfilterable, uncensorable repository of data and information that is
accessible worldwide. This technology will drive the creation of the internet ‘s third
generation The blockchain technology will ultimately be seen as the most important
innovation to come out of the cryptocurrency boom.  
• It will attract several potential businesses and organizations, While it will act as a cure to
fight several drawbacks prevalent in the market, the technology has many more miles to
cover.