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WHAT’S BLOCKCHAIN?
Technically
“A blockchain, originally blockchain, is a growing list of record, called blocks, which are linked using cryptography. Each
block contains a cryptographic hash of the previous block, a timestamp, and transaction data.” - Wikipedia
BLOCKCHAIN AS TECHNOLOGY
 Blockchain is a shared, immutable ledger that facilitates the process of recording
transactions and tracking assets in a business network. An asset can be tangible (a
house, a car, cash, land) or intangible (intellectual property, patents, copyrights,
branding). Virtually anything of value can be tracked and traded on a blockchain
network, reducing risk and cutting costs for all involved. - IBM
 Blockchain is rather a Foundational technology than a Disruptive one.
Foundational Framework
Internet Protocols
Client Server Model
Internet Protocols
Blockchain
 Do you need to store state of assets?
 Are there more than three parties involved in maintaining assets?
 Do you want to have intermediaries or third parties?
 Is there an issue of trust between the parties?
BUT DO YOU ACTUALLY NEED A BLOCKCHAIN?
CRITICAL ASPECTS OF ECOSYSTEMS
Contracts Transactions Records of transactions
BUILDING BLOCKS OF BLOCKCHAIN
 Cryptography
 Timestamp and Hashes
 Blocks
 Immutability
 Peer Node
 Shared Ledger
 Distributed and Shared Ledger
 Consensus Algorithms
 Smart Contract
ARCHITECTURE OF CURRENT SYSTEMS
Server
 Component of the network that
manages:
 Client Requests
 Access to the resources
 Websites
 Web Application
Client
 Component of the network that:
 Requests the server
 Requests the access to the
resources
 Requests access to the static
content
 Requests server for some
processing
Client-Server Model
Central Server
Example of Client-Server Model
Static Content Application
Website
Client Server Whatsapp Server
Send Message
Single Company Scenario
Company A
Dual Company Scenario
Company A Company B
If parties trust each other
Company A Company B
When parties do not trust each other
Company A Company B
Need for intermediaries
Company A Company B
Intermediary
Company
A
Company
B
Company D
Company
C
Intermediary 1
Intermediary 2
Decentralised Model
GET IN TOUCH
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Blockchain 101