Question

Create a power point presentation about Blockchain. Explain the technology. Then, pick 3 new startups that are using blockchain technology. Explain their business model: What service do they provide? How is this different than conventional services? Etc.

I am looking for originality here. Beware of cut and paste. If you cut and paste from a website I will find out and your grade will be reduced. Another way that this form of cheating shows up is that there are multiple people that produce the exact same slide. All people with identical slides or bullet points will have their grades reduced for this assignment. Make sure that you are writing your own material and don't share.

And, since some will want to do the minumum requirement, the minimum is 20 slides. That is 8 slides to explaing blockchain and 4 slides per startup.

As usual, pdf submissions only. You can export the presentation as a pdf.

Answer 1

What is Block chain technology?

• Block chain can be typically referred to as blocks, linked through cryptography .
• Blocks are nothing but the growing lists of records.
• Block chain is similar to linkedlist, where each block consists of previous block's cryptographic hash, timestamp and transaction data.
• But at any case, the blockchain resists to any kind of data modification.

How does a Block chain work?

• A block is a collection of data.
• It works similar to a spreadsheet with rows and columns.
• Block chain , a distributed ledger, where in a ledger is distributed among all the peers in the network through network.
• Here each peer holds a copy of the whole ledger.

What is Block chain Cryptographic hash?

• A hash is a fixed length encrypted output.
• It encrypts by converting the letters and numbers that are input into a fixed length output.
• An encryption algorithm is used to create a hash.
• A hash is essential in the management of blockchain in cryptocurrency.

Application of Blockchain :

• Blockchain can be referred As An Application Platform.
• The transactions in Blockchain technology are secured and executed by the scripting language through cryptographic methods.
• This can provide solutions to many use cases since the usage of scripting language rather than just cryptocurrencies.

Real time Applications :

• BitPesa - Payment platform and Digital foreign exchange for front-tier markets.
• Riot Blockchain - Deals with NASDAQ exchange and supports Blockchain focused public US stock.
• Storj - Digital payment syatem and cryptocurrency.

Advantage of Blockchain :

• Transparency - Users have the access for modifications making it more secure technology.
• Reduced Transaction costs - No third party involved in peer-to-peer transaction reducing the brokerage costs.
• Faster transaction settlements - Blockchains works 24/7 making the transactions faster.
• Decentralisation - Each individual transacton has its own authorisation and proof of validity.
• User Controlled networks - User centralised.

Disadvantages of Blockchain :

• Extremely Volatile - blockchain virtual currencies are subject to high volatility.
• Increased Crime rates - Illicit transactions using blockchain virtual currencies are crime factors.
• Difficult for non-tech savvy - Virtual currency is difficult to understand in a non-tech savvy point of view.

Start ups that use Blockchain technology :-

• Unocoin
• Zebi
• WandX

Unocoin

• Unocoin is based out of India.
• It is a well-funded Bitcoin wallet.
• It is founded in 2013 and head quartered in Bangalore.

Services Provided :

• They had overcome traditional peer-to-peer exchange.
• They provide a liquidity exchange.
• It allows users to exchange Bitcoin for Indian Rupees (INR).
• One can purchase, sell, and save the Bitcoin with Unocoin.
• Also the unique Bitcoin SIP services are provided by them for their customers with easy to remember Bitcoin addresses.
• They achieve this via a Netki partnership.

Different than conventional services :

• Bitcoins can be used at all the outlets who accept bitcoin with enormous benefits, when compared to the conventional mode of payment.
• With this, the users are at ease to sell and buy the bitcoins.

Zebi

• Zebi is founded in 2015, mentored and managed by Silicon Valley veterans.
• It is head quartered in Visakhapatnam, Andhra Pradesh.
• The aim is to solve the Big data problems in India.

Services Provided :

• Blockchaining Big Data.
• Zebi is specialized in providing blockchain based soutions to enterprises and also to governments.
• It helps them to protect their highly sensitive data.

WandX

• It is founded in 2017 and head quartered in Bangalore.
• WandX is a robust, multi-blockchain DEX platform and a protocol for trade.

Services Provided :

• It provides the multi-blockchain decentralized token exchange ecosystem.
• It is a hedging product powered by the Basket Protocol.

Different from conventional services :

• Enables the users to transact a collection of tokens as "token baskets"​ in a single transaction.