All participants in the network know the origins of an asset and its transaction/ownership history.

Provenance of blockchain

All parties must agree on a transactions validity for it to be accepted as valid.

Consensus of blockchain

Participants in the network are not able to tamper with transactions after it's on the ledger. When a transaction has an error, only another transaction can fix the error (both transactions are recorded and available to the network).

Immutability of blockchain

The ledger is the one place that determines the ownership and transaction history of an asset.

Finality of blockchain

- Consensus
- Provenance
- Immutability
- Finality

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Tracks and records transactions of assets through utilizing a shared, decentralized ledger. Used to reduce the risks and costs of tracking and trading things of value.

Blockchain

Gupta, Manav. Blockchain For Dummies® IBM Limited Edition, IBM, bertrandszoghy.files.wordpress.com/2017/05/ibm-blockchain-for-dummies.pdf. 

Blockchain For Dummies® IBM Limited Edition

- Cost-effective
- Efficient
- Safe and secure
- Building trust
- Business benefits

Advantages of blockchain

Characteristics of blockchain networks

- Financial Services
- Insurance
- Government
- Supply Chain Management
- Healthcare
- The Internet of Things (IoT)
- Web3
- DeFi
- Music Industry
- Land Registration
- Business
- Video games

Blockchain Use Cases

- Blocks and blockchain networks
- Distributed ledgers
- Participants
- Assets, transactions, and channels
- Consensus
- Smart contracts and chaincode
- Peer-to-peer replication
- Digital signatures
- Cryptographic hashes
- Wallet

Blockchain Key Terms

- Blockchain For Dummies® IBM Limited Edition 
- Mastering Blockchain: Deeper Insights into Decentralization, Cryptography, Bitcoin, and Popular Blockchain Frameworks
- Get started with blockchain: Explore the basics of blockchain and get started building a solid foundation
- The Blockchain Technology on the Music Industry
- Blockchain Without Waste: Proof-of-Stake
- Blockchain for Business Whitepaper (MIT)
- Blockchain Technology for Healthcare: Facilitating the Transition to Patient-Driven Interoperability
- Decentralized Finance: On Blockchain and Smart Contract-Based Financial Markets
- Blockchain basics: Introduction to distributed ledgers
- Merkle Tree
- Some Simple Economics of the Blockchain
- Blockchainizing Food Law: Implications for Food Safety, Traceability, and Sustainability
- The ICO Gold Rush
-Blockchain Technology and Decentralized Governance: Is the State Still Necessary?

Blockchain References

The applications of blockchain in real-life scenarios

Use Cases of Blockchain Technology

Disadvantages of blockchain

Ethereum is alternative protocol to Bitcoin for building decentralized applications.   

It is open-source, has smart-contract functionality, and allows users to create their own arbitrary rules for ownership, transaction formats and state transition functions.

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