We explain the importance and potential of blockchains by showcasing multi-million dollar accounting errors involving legacy financial systems that could have been prevented using blockchain technology. A detailed analysis of blockchain’s unique selling points is supported with specific examples. Finally, we explain how new blockchain-based smart contracts can complement traditional contracts.

In this part, we explain the complex mechanics of a blockchain step by step using a thought experiment. This will guide you through all the concepts like the underlying data structure, PoW, longest chain consensus rule, digital signatures, mining to fully understand how a blockchain works.

We explain the concept of smart contracts ( on Ethereum) and their characteristics

We explain three use cases which use smart contracts to improve on or replace existing businesses. Moreover, we also show a small demo of the use case (e.g. let us trade on a decentralized exchange)

We start with the main motivation why a blockchain could make sense.

In this part, we explain the complex mechanics of a blockchain step by step using a thought experiment. This will guide you through all the concepts like the underlying data structure, PoW, longest chain consensus rule, digital signatures, mining to fully understand how a blockchain works.

We explain the concept of smart contracts ( on Ethereum) and their characteristics

We explain three use cases which use smart contracts to improve on or replace existing businesses. Moreover, we also show a small demo of the use case (e.g. let us trade on a decentralized exchange)