What is Blockchain Technology?
Blockchain Technology has gained incredible appeal recently across many industries, mostly notably in Banking due to the rise of Bitcoin. It provides numerous process benefits through disintermediation. The World Economic Forum (WEF) predicts at least 10% of the global GDP will be stored in Blockchain Networks by 2025.
This presentation is the third in a series of frameworks related to explaining Blockchain Technology. It discusses the 9 key functional dimensions when evaluating a Blockchain Application for your organization:
1. Security
2. Decentralization
3. Privacy
4. Scalability
5. Usability
6. Extensibility
7. Cost
8. Operational Impact
9. Community Support
It also covers of the main Blockchain Solution Platforms currently available—with a focus on the 2 largest open source platforms, Ethereum and Hyperledger.
In this comprehensive guide, we delve into the intricacies of Blockchain Technology, providing a clear definition and exploring its unique characteristics, such as disintermediation and distributed ledgers. The PPT offers a detailed comparison between public and private blockchains, highlighting their respective advantages and use cases. This analysis is crucial for organizations aiming to select the most appropriate blockchain model for their specific needs.
The presentation also examines various blockchain solution platforms beyond Bitcoin, including Multichain, Monax, and Symbiont. Each platform is evaluated based on its unique benefits and industry applications. Special attention is given to the two largest open-source platforms, Ethereum and Hyperledger, providing insights into their functionalities and potential use cases. This section is particularly valuable for organizations looking to leverage blockchain technology for diverse applications.
Ethereum's capabilities, such as smart contracts and smart property, are explored in depth, showcasing its potential to revolutionize various sectors. Similarly, Hyperledger's collaborative approach and modular framework are discussed, emphasizing its suitability for enterprise-level applications. This document is an essential resource for executives seeking to understand the practical implications and strategic benefits of implementing blockchain technology in their organizations.
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Source: Best Practices in Digital Transformation, Blockchain, Bitcoin PowerPoint Slides: Blockchain Series: Key Evaluation Criteria and Solution Platforms PowerPoint (PPT) Presentation Slide Deck, LearnPPT Consulting
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