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Top Blockchain App Development Company Dubai PowerPoint Presentation

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Top Blockchain App Development Company Dubai Presentation Transcript

Slide 1 - WHY BUSINESSES NEED TO TAP ON THE POWER OF BLOCKCHAIN DEVELOPMENT Presented by: BLOCKTECH BREW
Slide 2 - B L O C K T E C H B R E W . C O M /
Slide 3 - Gartner estimates that blockchain will generate $3.1 trillion in new business value by 2030. And digital transformation will only fuel this welcome scenario of blockchain development. A blockchain is a digital ledger of transactions that is duplicated & distributed across the entire network of computer systems on the blockchain. Every block in the chain contains several transactions. Each time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger. The decentralized database managed by several participants is known as Distributed Ledger Technology. Blockchain is a type of DLT wherein transactions are recorded with an immutable cryptographic signature called a hash.
Slide 4 - WHY BLOCKCHAIN? Blockchain guarantees the fidelity & security of a record of data and generates trust without the intervention of a third party. How? When one block in one chain is changed, it would be immediately apparent it had been tampered with. So, to corrupt a blockchain system, hackers would have to change every block in the chain. That too, across all of the distributed versions of the chain.
Slide 5 - WHAT IS THE DIFFERENCE BETWEEN DATABASE AND BLOCKCHAIN? A blockchain collects data together in groups – known as blocks – that hold sets of information. When the storage capacity of a certain block is filled, it gets closed and linked to the previously filled block. This forms a chain of data known as the blockchain. All new information is then compiled into another newly-formed block that is also added to the chain once filled. So, while a database structures its data into tables, a blockchain structures its data into blocks that are strung together. In a decentralized setup, this structure makes for an irreversible timeline of data.
Slide 6 - WHAT ARE THE BENEFITS OF BLOCKCHAIN TECHNOLOGY? Accuracy of the Chain Transactions on the blockchain are approved by a network of thousands of computers. So, there is no human involvement in the verification process. Thus, there is no human error and the information recorded is accurate. And even if there is a computational mistake, the error would only be made to one copy of the blockchain. For that error to spread to the rest of the blockchain, it would need to be made by at least 51% of the network’s computers. This is a near impossibility for such a large and growing network. Cost Reductions Typically, consumers pay a bank to verify a transaction. Blockchain eliminates the need for third-party verification. So, there are no associated costs. Decentralization The information in a blockchain is not stored in a central location. It is instead spread across a network of computers. When a new block is added to the blockchain, every computer on the network updates the change. Thus, it becomes difficult to tamper with such data. Also, if a hacker still finds a way to do so, only a single copy of the information would be compromised.
Slide 7 - Why Choose BlockTech Brew? Our skilled cryptocurrency software engineers with years of experience are proficient in offering clients specialised blockchain app development services. To help you mark your presence in the cryptocurrency market, we incorporate dynamic elements like adaptability, tradability, and substitutability.
Slide 8 - Phone +971554738790 Email business@blocktechbrew.com Website blocktechbrew.com/ C O N T A C T U S T O L E A R N M O R E BLOCKTECH BREW THANK YOU
 

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