Blockchain In 10 ºÝºÝߣs
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The document discusses blockchain strategies for organizations. It explains how blockchain works through a consensus mechanism and the validation of transactions to create new blocks in a distributed ledger. It also outlines some potential use cases for blockchain in banking, supply chains, healthcare, and identity. The document then discusses the history of blockchain and how smart contracts can automate transactions through blockchain. It concludes by mentioning some blockchain development tools, frameworks, and career paths for getting started with blockchain.
Blockchain In 10 ºÝºÝߣs
- 1. Blockchain in 10 ºÝºÝߣs Bringing Blockchain Strategies into your Organization Matthew@visualizeTheWeb.com | https://www.linkedin.com/in/matthewdavid/
- 2. Blockchain Mechanics: How Blockchain Works Someone requests a transaction The requested transaction is sent to a P2P network consisting of computers known as nodes The P2P network of nodes validates the transaction and the users status using a consensus algorithm A verified transaction can involve smart contracts, records, and other information Once verified, the transaction is combined with other transactions to create a new block of data in the distributed ledger Matthew@visualizeTheWeb.com | https://www.linkedin.com/in/matthewdavid/
- 3. Blockchain Use Cases: The Problems Banking: Consumers do not trust banks Supply Chain: There is a lack of visibility and accountability with the companies in the supply chain Health Care: Lack of information shared from provider to provider for personal healthcare Identity: Identity theft is rife Matthew@visualizeTheWeb.com | https://www.linkedin.com/in/matthewdavid/
- 4. Blockchain Use Cases : How you can use Blockchain Banking: Eliminate 3rd Parties & Speed up Transactions Supply Chain: Validate the production and movement of products Health Care: Tracking health, medication and personal care Identity: Proving identity Matthew@visualizeTheWeb.com | https://www.linkedin.com/in/matthewdavid/
- 5. Why Blockchain: History of Blockchain 2008 Financial Crash Bitcoin Whitepaper written by Satoshi Nakamoto 2009 Blockchain 1.0 Bitcoin released 2010 First product purchased with Bitcoin One pizza for 10,000 coin 2014 Blockchain 2.0 Ethereum white paper released detailing Turing Complete / World Computer concept of improving Smart Contracts 2015 Ethereum Released and developers can now create Distributed Apps 2018 Blockchain 3.0 EOS addresses speed and other problems with Bitcoin/Ethereum to make DLT commercially viable for P2P Dapps Matthew@visualizeTheWeb.com | https://www.linkedin.com/in/matthewdavid/
- 6. Blockchain Mechanics: Smart Contracts • A Smart Contract receives and distributes assets from seller to buyer. The Blockchain records the transaction as a new entry. The process can be automated, and ownership is undisputed. • Smart Contract completes a trusted, secure and verifiable transaction almost instantly without the need of 3rd party involvement • Smart Contracts run business logic such as automatic transactions • The most popular language to write a Smart Contract is Solidity • The Blockchain records each transactions Matthew@visualizeTheWeb.com | https://www.linkedin.com/in/matthewdavid/
- 7. Blockchain Mechanics: Smart Contracts – Simple to Complex • Exchange Currency • Bitcoin or another cryptocurrency is sent from one person to another • Simple Asset • Digital music or an eBook is purchased • Basic Smart Contract • Financial lending company locks a car due to non-payments • Multi-Party Contract • A company lends money to a buyer to purchase a car from a seller • Distributed Autonomous Organization • Self driving cars make deliveries, pay tolls and locate nearest fueling stations Matthew@visualizeTheWeb.com | https://www.linkedin.com/in/matthewdavid/
- 8. Tools: Frameworks • GitHub and GitLabOpen Source • Azure Blockchain WorkbenchMicrosoft • Linux Foundation Hyperledger ProjectsIBM • AWS has only recently started to fully support Blockchain and Google Cloud is notably absentMIA Matthew@visualizeTheWeb.com | https://www.linkedin.com/in/matthewdavid/
- 9. Blockchain Eco System Matthew@visualizeTheWeb.com | https://www.linkedin.com/in/matthewdavid/
- 10. Build Like It’s 1993 • Where does Blockchain fit in your organization? • Data Organization • Network • What is the career path for a Blockchain developer? • Smart Contracts (Solidity) • Networks (Ethereum, EOS, Hyperledger Fabric) • Where can you learn? • Udemy • YouTube Matthew@visualizeTheWeb.com | https://www.linkedin.com/in/matthewdavid/