Blockchain Fundamentals for Beginners - 101 Blockchains

Created by 101blockchains.com
Blockchain Fundamentals Created by 101blockchains.com
Blockchain Fundamentals
Blockchain Made Easy

Abstract
➢ What exactly is Blockchain Technology
➢ Must know Blockchain Terms
➢ What are Smart Contracts?
➢ Blockchain Digital Transformation
➢ How Blockchain will change our world?

What is Blockchain?
“Open, distributed ledger that can record transactions between two parties
efficiently and in a verifiable and permanent way" wikipedia.org
✓ Open
✓ Distributed
✓ Ledger
✓ P2P
✓ Permanent

Must know Blockchain Terms
● Airdrop: Airdrop is a process of distributed free cryptocurrency coins to the general public.
● Altcoin: Altcoin is any cryptocurrency other than Bitcoin.
● Bitcoin: Bitcoin is the first cryptocurrency that came into existence in 2009 by Satoshi Nakamoto. It is a digital
currency that doesn’t require a centralized authority to work or function.
● DAO: DAO stands for the decentralized autonomous organization.
● dApp: dApp stands for the decentralized applications that run without the control of a central authority.
● ERC-20: ERC-20 is a technical standard for issuing tokens on Ethereum blockchain.
● Ether: Ether is the fuel that powers distributed Ethereum network.
● Fiat: Fiat is the government-controlled currency and is declared as legal tender.
● ICO: ICO stands for Initial Coin Offering that is used by startups to raise funds by selling tokens.
● Mainnet: Mainnet is a working blockchain product that also provides the ability to transfer digital currencies
between users in a blockchain environment.

● 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.
● Utility Token: Utility token is token that has a utility attached to it. They are used for accessing a product or
service.
● DYOR: DYOR stands for "Do Your Own Research“.
● FOMO: FOMO stands for Fear Of Missing Out.
● FUD: FUD stands for Fear, Uncertainty, and Doubt .
Must know Blockchain Terms

What Are the Advantages of Smart Contracts?
✓ Total Transparency
✓ No Miscommunication
✓ Efficient Performance
✓ No Paperwork
✓ Backup
✓ Trustworthy
✓ Guaranteed Outcomes

Disadvantages of Smart Contracts
× Confidentiality
× Error
× Rogue Contracts

Is the Blockchain overhyped?
Expectations Disappointment Production
We are here

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

● Supply Chains
● Fintech
And more...
● Retail
● Shipping
● Mining
● Healthcare
● Insurance
2018 Leading Sectors

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 –
Make People Valuable Again

Web 3.0 Benefits
● Anti-monopoly
● Pro-privacy
● Secure network
● Data Ownership
● Interoperability
● No interruption in service
● Permissionless blockchains
● Semantic Web
● Ubiquity

Remember
● Decentralized Internet
● No central authority
● Data Flow
● New Business Models
● dApps

● Social Networks
● Exchange Services
● Messaging
● Storage Services
● Insurance and Banking
● Streaming Services
● Remote Jobs
● Browsers
Web 3.0 Ecosystem

Federated Blockchains
Use Cases
● Financial Services.
● Insurance Claims.
● Multiparty Aggression.
● Supply Chain Management.
● Organizational records
security.

Federated Blockchains
● Finance
○ we.Trade (IBM)
○ Volton (r3)
○ HKTPF
○ Marco Polo (r3, TRADEIX)
○ Batavia (IBM)
● Insurance
○ B3i (r3)
● Retail
○ Retail Consortium(IBM)

● Integrity
● Write Access
● Cost
● Trust
Bonus #1
Blockchain vs Database

● Currency Tokens
● Asset Tokens
● Utility Tokens
● Equity Tokens
Bonus #2
Different Types of Tokens

Free Resources
Enterprise Blockchains Fundamentals - Free Course
Blockchain Webinars
Blockchain Conferences

Thank You
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Blockchain Fundamentals for Beginners - 101 Blockchains

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