2. Created by 101blockchains.com
Blockchain Fundamentals
Abstract
âą What exactly is Blockchain Technology
âą Must know Blockchain Terms
âą What are Smart Contracts?
âą Blockchain Digital Transformation
âą How Blockchain will change our world?
3. Created by 101blockchains.com
Blockchain Fundamentals
What is Blockchain?
âOpen, distributed ledger that can record transactions between two parties
efficiently and in a verifiable and permanent way" wikipedia.org
â Open
â Distributed
â Ledger
â P2P
â Permanent
9. Created by 101blockchains.com
Blockchain Fundamentals
Must know Blockchain Terms
â Airdrop: Airdrop is a process of distributed free cryptocurrency coins to the general public.
â Altcoin: Altcoin is any cryptocurrency other than Bitcoin.
â Bitcoin: Bitcoin is the first cryptocurrency that came into existence in 2009 by Satoshi Nakamoto. It is a digital
currency that doesnât require a centralized authority to work or function.
â DAO: DAO stands for the decentralized autonomous organization.
â dApp: dApp stands for the decentralized applications that run without the control of a central authority.
â ERC-20: ERC-20 is a technical standard for issuing tokens on Ethereum blockchain.
â Ether: Ether is the fuel that powers distributed Ethereum network.
â Fiat: Fiat is the government-controlled currency and is declared as legal tender.
â ICO: ICO stands for Initial Coin Offering that is used by startups to raise funds by selling tokens.
â Mainnet: Mainnet is a working blockchain product that also provides the ability to transfer digital currencies
between users in a blockchain environment.
10. Created by 101blockchains.com
Blockchain Fundamentals
â 51% Attack: 51% attack is a common vulnerability with blockchain technology. It can be exploited by a group of
miners if they control 51% of the hash rate of the whole network.
â Utility Token: Utility token is token that has a utility attached to it. They are used for accessing a product or
service.
â DYOR: DYOR stands for "Do Your Own Researchâ.
â FOMO: FOMO stands for Fear Of Missing Out.
â FUD: FUD stands for Fear, Uncertainty, and Doubt .
Must know Blockchain Terms
13. Created by 101blockchains.com
Blockchain Fundamentals
What Are the Advantages of Smart Contracts?
â Total Transparency
â No Miscommunication
â Efficient Performance
â No Paperwork
â Backup
â Trustworthy
â Guaranteed Outcomes
17. Created by 101blockchains.com
Blockchain Fundamentals
1. Technology
2. Media
3. Law and Crime
4. Transportation
5. Governmental Services
6. Human Rights
7. Finance
8. Contracts
9. Entertainment
9 Verticals of
Blockchain Transformation
18. Created by 101blockchains.com
Blockchain Fundamentals
â Supply Chains
â Fintech
And more...
â Retail
â Shipping
â Mining
â Healthcare
â Insurance
2018 Leading Sectors
19. Created by 101blockchains.com
Blockchain Fundamentals
Web 3.0 is the 3rd generation of the
internet where the devices are
connected in a decentralized network
rather depending on server-based
databases.
The new internet is a user-centric,
more secured, private and better
connected.
Web 3.0 â
Make People Valuable Again
20. Created by 101blockchains.com
Blockchain Fundamentals
Web 3.0 Benefits
â Anti-monopoly
â Pro-privacy
â Secure network
â Data Ownership
â Interoperability
â No interruption in service
â Permissionless blockchains
â Semantic Web
â Ubiquity
21. Created by 101blockchains.com
Blockchain Fundamentals
Remember
â Decentralized Internet
â No central authority
â Data Flow
â New Business Models
â dApps
22. Created by 101blockchains.com
Blockchain Fundamentals
â Social Networks
â Exchange Services
â Messaging
â Storage Services
â Insurance and Banking
â Streaming Services
â Remote Jobs
â Browsers
Web 3.0 Ecosystem
23. Created by 101blockchains.com
Blockchain Fundamentals
Federated Blockchains
Use Cases
â Financial Services.
â Insurance Claims.
â Multiparty Aggression.
â Supply Chain Management.
â Organizational records
security.
24. Created by 101blockchains.com
Blockchain Fundamentals
Federated Blockchains
â Finance
â we.Trade (IBM)
â Volton (r3)
â HKTPF
â Marco Polo (r3, TRADEIX)
â Batavia (IBM)
â Insurance
â B3i (r3)
â Retail
â Retail Consortium(IBM)