Unchain the Block Chain

Blockchain technology or Distributed ledger technology (DLT) refers to a type of database spread over multiple locations, which can be used like a digital ledger to record and manage transactions. Blockchain, which comprises of ‘blocks’ of transactions, is one of the most well-known uses of DLT and underlies the cryptocurrency Bitcoin. DLT has received growing attention in recent years as an innovative method of storing and updating data within and between organizations.

The lecture will cover the initial  emergence  of blockchain as infrastructure  as  a  solution  to  the  problem  of  digital  cash. Blockchain allows the automation of cross-border payments over the Internet regardless of geographical constraints. This contrasts with conventional financial transfers that can take days between different banks, especially when they operate in different countries. The openness of blockchain technology and its foundations in the Internet make it inherently global. The  potential  for blockchain  extends  beyond  cryptocurrency,  allowing  traceable  digital  tokens representing  physical  or  digital  assets. This expands the theoretical range of application of blockchain technology to many business problems in almost any industry and sectors, including financial applications, supply chain, Internet of Things (IoT), etc. Beyond applications in finance and banking, new applications are emerging in supply chain management, manufacturing, agricultural product tracking, advertising verification, IoT, healthcare and the pharmaceutical industry, among others. Besides, the lecture would have a comprehensive details about types, features and working of Blockchain.