PRESENTATION ON BLOCKCHAIN

By-ANJESH PATHAK
CSIT
 Introduction to Blockchain

• Blockchain is a decentralized, transparent, and irreversible digital ledger system that securely and

impermeably records transactions across several computers .

• The ability of a blockchain to ensure the security and accuracy of data records without the aid of a reliable
third party is what distinguishes it as unique.
• The first launch of Bitcoin in January 2009, was the first real-world application that used Blockchain
technology.

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Working Mechanism of Blockchain

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 Types of Blockchain

Public Private Consortium

Blockchain Blockchain Blockchain
Examples:-Bitcoin,
SERVIC
Examples:- Hyperledger
Examples:- IBM
Blockchain Platform and
Ethereum, and Litecoin
ES Fabric Microsoft Azure
Blockchain.

PAY
ONLINE

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 Why is Blockchain so popular?
0
1 Efficiency

0
2
Transparency

0
3
Security
PAY
0 Decentralization
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 Benefit and Challenges of Blockchain

• Decentralization: Blockchain technology allows for a decentralized approach to data management.

• Security: Blockchain technology uses advanced cryptographic techniques to ensure the security of data .
• Efficiency: Blockchain technology can help streamline processes and reduce costs.
• Transparency: Blockchain technology offers transparency, as all transactions are recorded on a public ledger.
Benefits

• Scalability: Blockchain technology can be limited in terms of scalability.

• Regulation: The decentralized nature of blockchain technology makes it difficult to regulate
• Energy Consumption: The process of validating transactions on a blockchain network can be energy-intensive.
Challenges

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 Application of Blockchain
Cryptocurrencies: Blockchain makes it possible for parties to transact securely and openly without the
use of middlemen like banks with the use of Bitcoin and Ethereum for example.

Supply Chain Management: Blockchain technology can be used to track the flow of items
and supplies, increasing accountability and transparency, and preventing fraud and counterfeiting.

Voting: Blockchain-based voting systems can be transparent and safe. Votes can be reliably
counted and fraud can be avoided by recording each vote on the blockchain.

Financial Services: Blockchain technology can facilitate new financial services and businesses,
such as cross-border payments and settlements, peer-to-peer lending, and crowdfunding.

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 Blockchain and Nepal
• The most used digital currency nowadays is cryptocurrency.
• Despite the current trend of cryptocurrency, Nepal government has banned the cryptocurrency since
August 2017 .
• The ban of this digital currency is because it may cause disrupt in Nepal's remittance, easier for illegal
money laundering .
• The use of blockchain technology in government offices can eradicate the corruption as blockchain
technology is decentralized and the transaction is always recorded in blockchain which cannot be
altered in anyway.
• The Nepal Rastra Bank (NRB) has made official statement that it is planning to launch its own
cryptocurrency.

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 Most popular Blockchain Innovations
Bitcoin

50%

Hyperledger Fabric
Ethereum 35% 10%

15%

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Ripple
 References
[1] A. Hayes, “Blockchain Facts: What Is It, How It Works, and How It Can Be Used,” Investopedia,
Sep. 27, 2022. https://www.investopedia.com/terms/b/blockchain.asp
 
[2] M. K. Pratt and A. S. Gillis, “blockchain,” CIO, Jun. 03, 2021.
https://www.techtarget.com/searchcio/definition/blockchain
 
[3] “Bitcoin: A Peer-to-Peer Electronic Cash System,”
https://assets.pubpub.org/d8wct41f/31611263538139.pdf, 2008.
 
[4] “Types of Blockchain,” https://chat.openai.com/chat.
  
[5] “Cryptocurrency and Nepal,” https://thelawbrigade.com/wp-content/uploads/2022/09/Anurag-Aryal-
Ors-AJMRR.pdf, 2022.