PRESENTATION ON BLOCKCHAIN TECHNOLOGY
PRESENTED BY:
Abhijat Dhasmana
Priyanshu Shivhare
Govind Narayan Shukla
Jagdish Gupta
WHAT IS BLOCKCHAIN?
Blockchain is a distributed, decentralized, and transparent
digital ledger that records transactions across many
computers in a network. It allows for secure, transparent,
and tamper-resistant record-keeping without the need for
a central authority.
HISTORY OF BLOCKCHAIN
1 1991
The first conceptual blockchain was proposed by Stuart Haber and W. Scott
Stornetta, two researchers who wanted to implement a system where document
timestamps could not be tampered with.
2 2008
Satoshi Nakamoto published the Bitcoin whitepaper, introducing the idea of a peer-
to-peer electronic cash system based on a blockchain.
3 2009
The first blockchain was created as the public transaction ledger of the
cryptocurrency Bitcoin, with the launch of the Bitcoin network.
HOW BLOCKCHAIN WORKS
FEATURES OF BLOCKCHAIN TECHNOLOGY
1 Decentralization 2 Transparency
Blockchain is decentralized, meaning there is Blockchain transactions are recorded in a
no single point of control or failure. The public, distributed ledger that is accessible to
network is maintained by a distributed all network participants.
network of nodes.
3 Immutability 4 Security
Once a transaction is recorded in the Blockchain uses cryptographic techniques to
blockchain, it cannot be altered or deleted, secure transactions and prevent unauthorized
ensuring the integrity of the data. access or tampering.
BLOCKCHAIN IN SUPPLY CHAIN
Traceability Transparency Efficiency
Blockchain can provide end-to- Blockchain's transparent and Blockchain can streamline
end traceability of products, immutable nature allows all supply chain processes, reduce
enabling companies to track the supply chain participants to paperwork, and automate
origin, movement, and status of access real-time information, certain tasks, leading to faster,
goods throughout the supply improving collaboration and more efficient operations.
chain. trust.
ADVANTAGES OF BLOCKCHAIN IN
SUPPLY CHAIN
Increased Visibility Enhanced Trust
Blockchain provides end-to-end visibility of the The decentralized and transparent nature of
supply chain, allowing companies to track the blockchain builds trust among supply chain
movement of goods and identify issues more partners, reducing the need for intermediaries.
quickly.
Improved Efficiency Reduced Costs
Blockchain can automate supply chain processes, By streamlining supply chain processes and
reduce paperwork, and eliminate manual errors, reducing the need for intermediaries, blockchain
leading to faster and more efficient operations. can help companies save on costs.
CHALLENGES OF BLOCKCHAIN IN
SUPPLY CHAIN
1 Adoption Barriers 2 Scalability Issues
Widespread adoption of blockchain in supply The high transaction volume and data storage
chains is still a significant challenge, as it requirements of supply chains can strain the
requires coordination and investment across scalability of some blockchain networks.
the entire ecosystem.
3 Regulatory Uncertainty 4 Integration Complexity
The lack of clear regulatory frameworks for Integrating blockchain with existing supply
blockchain technology can hinder its adoption chain systems and processes can be technically
and implementation in supply chain challenging and require significant resources.
management.
FUTURE OF BLOCKCHAIN IN SUPPLY CHAIN
Increased Adoption Improved Scalability Regulatory Clarity Innovative Applications
Ongoing technological As governments and In the future, we may see even more
As the benefits of blockchain
advancements will likely regulatory bodies develop innovative applications of blockchain
become more widely recognized,
address the scalability issues, clear guidelines for blockchain in supply chain management, such as
we can expect to see greater
enabling blockchain to handle technology, it will provide a the integration with IoT devices and
adoption of the technology in
the high transaction volumes more favorable environment AI-powered supply chain
supply chain management.
of complex supply chains. for its widespread use in optimization.
supply chains.
THANK YOU