Part-0: Why dis Kolavari Di???

By Kovid Verma
 Deliverables
1.) Data
2.) What do humans do with data?
3.) What is blockchain’s utility?
4.) Content of this module
5.) Source of this module
6.) Utility of this module
Data
A Value
What is “data”?
Calculated for a variable

In this example “height“is a variable.

“Qualitative” “Quantitative”
Eg Ram is very tall. Eg Ram is 6 ft tall.
What would be your response to this telegram??

Your mother is seriously ill. Please come home soon.

Would you catch the first train to your town?

Can’t this be a bluff or a conspiracy or a prank???

Would you confirm from an independent source that this message is true??
 Therefore……

1. The information and the source of information both should be verified.

Here,
Information = Data
2. Data should be recorded.

Imagine remembering all these transactions.

Even a single mistake can cause you a huge loss.

3. Recorded Data should be immutable/non-changeable.

A piece of land belongs to Aamir.

A piece of land belongs to Amit.

A change of just two letters can result in the change of ownership.

4. Data should be accessible to appropriate stakeholders.

Aamir vs Amit

The Court should be given access to the correct data.

 In short……
Humans keep following aspects of data in consideration

1. The data and the source of data both should be verified.

2. Data should be recorded.

3. Recorded Data should be immutable/non-changeable.

4. Data should be accessible to appropriate stakeholders.

The summary slide – remember the color!!!!!

Utility of Blockchain

1. The data and the source of data both are verified.

2. Data is recorded.

3. Recorded Data is immutable/non-changeable.

4. Data is accessible to appropriate stakeholders.

The blockchain technology achieves the above four conditions.

Content of this module

Part-1 – Digital Signature (< 5 minutes)

Part-2 – Hash Value (< 5 minutes)
Part-3 – Blockchain; a public, distributed and decentralized ledger (< 5 minutes)
Part-4 – A real life problem (< 5 minutes)
Part-5 – Various uses of Blockchain; A NITI Aayog’s Experience (< 10 minutes)
Part-6 – Bitcoin & Cryptocurrency; the most complex application of blockchain(< 10 minutes)
Source of
this
module
Utility of this module
See you in the next lecture

Part-1 – Digital Signature (< 5 minutes)