Guide To Hybrid Blockchain Technology Training Ppt

Slide 1

This slide illustrates the concept of hybrid blockchain technology. It also delivers information regarding the introduction, and example of hybrid blockchain.

Slide 2

This slide illustrates the characteristics of hybrid blockchain technology, such as secure, transparent, immutable, and decentralized.

Instructor’s Notes:

The different characteristics of hybrid blockchain are as follows:

Secure:

• Members in hybrid blockchain technology are selected to verify nodes
• In the hybrid model, any individual violating rules is identified immediately and charged with high fines

Transparent: 

• Trust is a more substantial issue for hybrid blockchain technology
• Transparency leads to trust generation in the system
• The credibility of a hybrid blockchain network depends on the credibility of the authorized nodes
• The nodes are trustworthy as they verify and validate transactions end-to-end

Immutable: Once data is added, it cannot be changed ensuring that the system is immutable

Decentralized: Hybrid blockchain technology works on the decentralization principle

Slide 3

This slide showcases the benefits of hybrid blockchain technology, such as works in closed ecosystem, flexibility in changing rules, protection from 51% attack, protecting privacy, and lower transaction cost.

Instructor’s Notes:

The different advantages of hybrid blockchain are as follows:

Works in Closed Ecosystem: Hybrid blockchain works in a closed ecosystem so organizations need not worry about critical information being leaked when working with hybrid blockchain technology

Flexibility in Changing Rules: In the hybrid blockchain, technology changes can be done as one organization has control over the entire blockchain

Protecting from 51% Attack: Hybrid blockchain is immune to a 51% attack as hackers cannot access the network to carry out the attack in the blockchain

Protecting Privacy: Hybrid blockchain helps to connect with the outside world ensuring that parent organization data remains secure

Lower Transaction Cost:

• In hybrid blockchain technology, lower number of nodes lead to lower transaction cost
• The transaction cost can reduce to even 0.01$ per transaction
• Powerful nodes in the network make it easy to verify the transaction

Slide 4

This slide illustrates the demerits of hybrid blockchain technology, such as lack of transparency and limited scalability.

Instructor’s Notes:

The different disadvantages of hybrid blockchain are as follows:

• Lack of Transparency: In the hybrid blockchain, transparency in sharing of information is missing, and information can also be shielded
• Limited Scalability: The scalability of hybrid blockchain is difficult as participants are not motivated to participate or contribute to the network