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BlockChain Technology

BlockChain Technology Beyond Bitcoin Abstract Ablockchainisessentiallyadistributeddata baseofrecordsorpublicledgerofalltransact ionsor ,once entered, ,thedecentralizedpeer to peerdigitalcurrency,isthe controversialbuttheunderlyingblockchaint echnologyhasworkedflawlesslyandfoundwide rangeof applications in both financial and non financial world. Themainhypothesisisthattheblockchainesta blishesasystemofcreatinga distributed consensus digitaleventhappenedbycreatinganirrefuta blerecordinapublicledger. Itopensthedoorfor tremendous opportunities in this disruptive Technology and revolution in this space has just begun. Thiswhitepaperdescribesblockchaintechnol ogyandsomecompellingspecificapplications inboth financialandnon in this fundamental Technology that is all set to revolutionize our digital world.

single transaction ever made. To use a basic analogy, it is easy to steal a cookie from a cookie jar, kept in a secluded place than stealing the cookie from a cookie jar kept in a market place, being observed by thousands of people. Bitcoin is the most popular example that is intrinsically tied to blockchain technology. It is also the

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BlockChain Technology - UC Berkeley Sutardja Center

scet.berkeley.edu

Blockchain technology is finding applications in wide range of areas—both financial and non-financial . Financial institutions and banks no longer see blockchain technology as threat to traditional business models. The world’s biggest banks are in fact looking for opportunities in this area by doing research

  Blockchain

Drones for Deliveries

scet.berkeley.edu

The market for delivering goods is massive. Shipping, Logistics, Online shopping businesses are investing heavily in the entire supply chain upto the last mile delivery to make it fast and efficient.

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