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BlockChain Technology - UC Berkeley Sutardja Center

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.

BlockChain technology is now finding new range of applications beyond finance. 2.Blockchain Technology: How does it work? We explain the concept of the blockchain by explaining how Bitcoin works since it is intrinsically linked to the Bitcoin. However, the blockchain technology is applicable to any digital asset transaction exchanged online. 5

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BlockChain Technology - UC Berkeley Sutardja Center

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