Step 1: Preparation:
Bleaching powder is produced by passing chlorine gas over dry slaked lime (Ca(OH)$_2$): \[ Ca(OH)_2 + Cl_2 \rightarrow CaOCl_2 + H_2O \] Step 2: Chemical Identity:
The compound formed is calcium oxychloride, whose formula is CaOCl$_2$.
Step 3: Uses:
Used for bleaching cotton and paper.
Used as a disinfectant in water treatment.
Used as an oxidizing agent in industries.
Step 4: Final Answer:
The chemical formula of bleaching powder is CaOCl$_2$.