2. Introduction to Block chain
Blockchain is the underlying technology which runs the Bitcoin Industry
CURRENT MONEY TRANSFER BITCOINTRANSFER
BANK A BANK B
BOB EVE
Bitcoin is Public Blockchain. We are going to discuss about Private Blockchain
5. Blockchain is an emerging platform for transaction services…
Partner A’s
records
Customer
records
Dealer’s
records
Supplier B’s
records
Digitally
signed/encrypted
transactions and
ledger
All parties have same
replica of the ledger
Partner A
Customer
Dealer
Supplier B
Data sits in a
secured, auditable
share data layer
Fintech 1
Third Party 1
Third Party 2
Customer 2
Customer 1
Bank 2
Bank 1
Regulator 2
Supplier 2
Regulator 1
Fintech 2
Supplier 1 Shared truth
On a need to know
basis
Smart
Contract
Data Integrity
Immutability
Traceability
Security
DLT
SYSTEM A