Hello everyone. Good morning. Welcome to Con 42 study labeled engineering series. My name is Chen Dupa. I have over 20 years of experience in IT industry. In my career, I worked in financial sector and in health sector. In this session, I wanna talk about blockchain technology. Blockchain technology represents a new revolutionary parum in digital record keeping. Transforming how organizations think about data integrity and security. Welcome to my session at its score. Blockchain functions as a distributed detail ledger that records transactions across a network of computers in a way that makes it extremely difficult to alter or hack existing records. The significance of blockchain in modern data security cannot be overstated. In traditional centralized systems, data vulnerability stems from single points of failures and inherent risks of centralized control. Blockchain technology addresses these challenges by implementing a decentralized approach where data is distributed across multiple nodes. The core value proposition of blockchain includes cryptographic security, immutability transparency, and smart contracts. Cryptographic security blockchain utilizes advanced cryptographic techniques to secure transactions and protect data integrity, making unauthorized accesses virtually impossible immutability. Once data is recorded on the blockchain, it becomes impossible to modify without detection, creating an unbroken sequence of verifiable records. Transparency. This technology creates a trustless environment where participant can verify the authenticity of transactions without relying on intermediaries and smart contracts. The self-executing contracts with terms directly written into code, automate compliance, and reduce the risk of human error in data handling. The foundational architecture of blockchain security leverages distributor ledger technology called DLT to fundamentally transform traditional approaches to data integrity and verification by maintaining synchronized cryptographically secured copies of the entire transaction history across numerous and independent network participants. Blockchain creates an ecosystem where no single entity controls the data. This architectural approach not only eliminates vulnerable single points of failure, but also establishes unprecedented levels of transparency and auditability while maintaining robust security guarantees core security features immutability. IMMUTABILITY stands as a cornerstone of blockchain security architecture, ensuring that once data is committed to the ledger, it becomes permanently recorded and resistant to modification. In enterprise grade blockchain implementations transactions achieve immutable status only. After passing through rigorous consensus validation typically required six independent confirmations in Bitcoin DER protocols. Decentralization. Blockchain does not store any of its information in a central location. Instead, the blockchain is copied and spread across a network of computers. Whenever a new block is added to the blockchain, every computer on the network updates its blockchain to reflect the change By spreading the information across a network, rather than storing in one central report, central database, blockchain becomes significantly more difficult to tamper with. Transparency and anonymity. Blockchain strikes a unique balance between transparency and privacy. While all transactions are visible to the participants, personal identities remain hidden through cryptographic addresses. Example, in Bitcoin users are identified by their valid addresses, not their real identities, ensuring privacy while maintaining a transparent transaction. History cryptographic implementation. Blockchain uses cryptography to secure data and verify transactions. The two key cryptographic methods are hashing and digital signatures. Next is security best practices, the comprehensive risk mitigation through scheduled third party audits and formalized incident response frameworks. Industry applications in financial services, traditional banking transformation. Reduction in settlement times from t plus three to near real time execution. With operational cost reducer by 30 to 50%. Cross-border payments are foreign exchange rates. Transaction time is reducer from three to five days to minutes through blockchain networks. Improving efficiency and reducing cost. Smart contract automation, KYC. Our A ML compliance processes are automated, reducing verification times from weeks to hours while maintaining comprehensive audit trail operational efficiency, enhancer data integrity with 99.99% of accuracy in transaction records and complete elimination of data duplication issues. Now let's talk about supply chain management applications. Now the supply chain management applications have end-to-end visibility. Product tracking time reduce from these two seconds, providing real time supply chain transparency, documentation improvement, documentation errors reduce by up to 95% while cutting administrative costs by 40%. Product Providence, the counterfeit product in infiltration reduced by 97% in pharmaceuticals and food safety industries. Recall responses, product recall, response times improve from weeks to hours. Enhancing consumer safety, healthcare, healthcare, and Ivo T applications. In healthcare sector blockchain revolutionizes healthcare by enabling secure. HIPAA compliant sharing of electronic health records. Industry implementations demonstrate 70% reduction in data reconciliation workloads, eliminating redundant processes, 85% improvement in critical data accessibility during patient care. Seamless interoperability between providers with patient records accessible within seconds rather than this. In terms of internet of things, iot of things, enterprise iot ecosystems have established a powerful symbiotic relationship with blockchain technology. Advanced implementations reveal 80% reduction in security vulnerabilities compared to traditional centralized systems. 45% enhancement in end-to-end supply chain visibility and traceability. 60% decrease in unplanned maintenance, downtime in smart manufacturing fact phase. Facilities by integrating blockchain with healthcare and iot infrastructures, organizations create resilient, transparent systems that not only safeguard sensitive data, but also dramatically improve operational efficiency and patient outcomes across both sectors. Implementation benefits. Enterprise blockchain implementations deliver transformative operational efficiencies, reducing dispute resolution timeframe from weeks to mere hours to transparent cryptographically secure transactional records. This enhancer trust architecture enables organizations to establish new business re relationships with unprecedented speed, slashing partner onboarding times by 60%, while maintaining rigorous security and compliance standards. Future implications and challenges, integration challenges, enterprise systems devote 30 to 40% of project timelines to ensure legacy system compatibility, regulatory considerations. Organizations allocate 40 to 50% of implementation budget, specifically for compliance and regulatory adherence and scalability solutions. Current blockchain architectures limited to processing a hundred to 300. Transactions per second in enterprise environments. Along with this, the organizations implementing blockchain face critical hurdles, particularly talent acquisition with 75% of enterprise enterprises struggling to build teams with blockchain expertise. The financial investment presence is sustainable barrier to adoption as robust enterprise grade solutions require capital expenditures up to. 500 and thousand to $1 million for comprehensive deployment. The complexity of integrating blockchain with existing business ecosystems results in implementation timelines, extending 50 to 60% beyond initial projections requiring significant organizational commitment. The other blockchain issues are related to governance, interoperability, and technical infrastructure challenges. Let's begin with governance issues. 40% of enterprise blockchain projects face delays due to governance related data making processes, creating significant implementation hurdles. The governance challenges include complex stakeholder management, unclear nation authority, and evolving governance frameworks. If we talk about interoperability limitations, only 15% of current implementations successfully achieve crossin functionality limiting the potential for broader ecosystem. In integration, these limitations are related to protocol incompatibility, data format inconsistencies, and limited standardization. If we talk about technical infrastructure challenges. Organizations report significant concerns regarding transactions, finality times with current implementations averaging three to five minutes for final settlements. These are, these issues are related to network performance issues, security investment requirements, and scalability constraints, the future of enterprise blockchain. Our comprehensive analysis of blockchain's role in contemporary enterprise systems. Demonstrates its profound capacity to transform data security and integrity paradigms across diverse industries. As this technology matures and adoption accelerates, organizations that strategically integrate blockchain solutions gain significant competitive advantage through enhance security posture, streamlined operations, and access to novel business modules. Forward thinking enterprises that navigate implementation challenges today position themselves at the forefront of the next generation of secure efficient digital business infrastructure. To conclude in this session, we talked about the different core value propositions of blockchain technology, the fundamental architecture of blockchain security, core security features. Industry applications in different domains like financial services, supply chain management, health sector and IOT, and statistical representation of benefits of blockchain implementation and the future implications and challenges. I hope you all like my session. If you have any questions, you can reach out to me at my email address at shara dot apa@gmail.com. Thank you everyone for listening to me. Bye.