Week 7Copy

Introduction to Blockchain Technology

• Understand the essence of blockchain technology as a decentralized and transparent ledger system for recording transactions.
• Trace the historical development of blockchain technology, from its inception with Bitcoin to its diverse applications across industries.
• Explore key concepts such as decentralization, cryptographic hashing, and consensus mechanisms essential to blockchain’s functionality.
• Assess the myriad benefits like transparency and security, as well as challenges including scalability and regulatory concerns inherent in blockchain technology.