DARQ
The New Stack of TechnologiesSet of technologies converging over a short period of time can spark massive change DISRUPTING
businesses.
SOCIAL
S M
MOBILE
A
ANALYTICS
C
CLOUD
DISTRIBUTED
D
LEDGERS
ARTIFICIAL
A
INTELLIGENCE
EXTENDED
R
REALITY
QUANTUM
Q
COMPUTING
Technologies that expands network by eliminating the need
for trusted third parties.
BLOCK CHAIN
Technology that optimizes the processes and assist in strategic decision
making ARTIFICIAL INTELLIGENCE
Technologies that are experiential &
immersive.
(AR & VR) EXTENDED
REALITY
Technology that runs simulations at
massive scale for task optimization
QUANTUM COMPUTING
DISTRIBUTED
D
LEDGERS
ARTIFICIAL
A
INTELLIGENCE
EXTENDED
R
REALITY
QUANTUM
Q
COMPUTING
Source: Accenture
D
DISTRIBUTED LEDGERS
BLOCK CHAIN is a decentralized transaction and data management technology developed originally for BITCOIN.
BLOCK CHAIN
BLOCK – Records (Transactions) CHAIN – Interconnected (Hash)
OPENDISTRIBUTED PERMANENT
INCORUPTABLE VERIFYIABLE
LEDGER (Records)
ALLOWS
DISTRIBUTION OF DIGITAL
INFORMATION BUT RESTRICTS COPYING.
BLOCKCHAIN by DESIGN is RESILIENT to modification
BLOCKCHAIN operates on PEER to PEER
Network
DECENTRALIZED
PILLARS OF BLOCK CHAIN TECHNOLOGY 1. DECENTRALIZATION (Distributed)
2.TRANSPARENCY (Visibility)
3.IMMUTABLE (Unchangeable)
4.ACCOUNTABLE (Responsibility)
BLOCK CHAIN TECHNOLOGY - Features ANONYMITY
SECURITY PRIVACY
TRANSPARENCY to all the users.
BLOCKCHAIN operates
on the principles of CRYPTO ECONOMICS (Cryptography + Economics)
CRYPTO ECONOMICS:
Is the study of design & description of the PROTOCOLS that administer the
PRODUCTION, DISTRIBUTION, and
CONSUMPTION of goods and services in a decentralized DIGITAL ECONOMY
CRYPTO ECONOMICS based on CRYPTOGRAPHY
and HASHING TECHNIQUES.
CRYPTOGRAPHY:
A method of protecting information using codes.
CRYPT means "HIDDEN" and GRAPHY stands for "WRITING.“
CRYPTO ECONOMICS
POPULAR CRYPTOGRAPHY METHODS:
Encryption Decryption
CRYPTO ECONOMICS CRYPTOGRAPHY
and HASHING TECHNIQUES.
HASHING :
A mathematical method of converting any form of data into a UNIQUE string of text. Hashing means accepting input string of VARIABLE length for producing output string of a FIXED length.
CRYPTO ECONOMICS HASHING:
Source: Blockgeeks
BLOCK CHAIN BLOCK:
HASH POINTER having
reference of previous block along with transaction
details CHAIN:
Interconnected through HASH POINTERS
BLOCK CHAIN Is a CHAIN OF BLOCKS where each block contains TRANSACTION DATA and information about
PREVIOUS BLOCK in the chain.
BLOCKCHAIN Technology
& INTERNET OF VALUE
Is a digital ledger of economic transactions for recording
virtually EVERYTHING
OF VALUE
BLOCKCHAIN Technology APPLICATIONS
PAYMENTS PROCESSI NG MONEY TRANSFER
SMART LOGISTIC S & SUP PLY CHAIN
DIGITA L IDENT ITIES AML & KYC
DAT A ST ORA GE AND MANAGEME NT
REAL ESTATE & LAND REGISTRATION
CROWDFUNDING (Peer to Pee r Eco nomy)
SHARED ECONOMY (Peer – Peer Dec entr alized)
SMART CONT RACT S
MAR KET PREDICTIONS
INTERNET OF T HINGS
SECTORIAL IMPACT OF BLOCK CAHIN TECHNOLOGY
BLOCK CHAIN TECHNOLOGY is still away from FEASIBILITY at execution SCALE because of the difficulty in resolving the
“COOPETITION” inconsistency for establishing the
OPERATIONAL NORMS &
STANDARDS
BLOCK CHAIN TECHNOLOGY
certainly helps in REDUCING COST.
It can evolve to create entirely new business models and revenue streams
CA V. K Sharma
Professor (Finance)
