Book Image

Blockchain for Decision Makers

By : Romain Tormen
Book Image

Blockchain for Decision Makers

By: Romain Tormen

Overview of this book

In addition to cryptocurrencies, blockchain-based apps are being developed in different industries such as banking, supply chain, and healthcare to achieve digital transformation and enhance user experience. Blockchain is not only about Bitcoin or cryptocurrencies, but also about different technologies such as peer-to-peer networks, consensus mechanisms, and cryptography. These technologies together help sustain trustless environments in which digital value can be transferred between individuals without intermediaries. This book will help you understand the basics of blockchain such as consensus protocols, decentralized applications, and tokenization. You'll focus on how blockchain is used today in different industries and the technological challenges faced while implementing a blockchain strategy. The book also enables you, as a decision maker, to understand blockchain from a technical perspective and evaluate its applicability in your business. Finally, you'll get to grips with blockchain frameworks such as Hyperledger and Quorum and their usability. By the end of this book, you'll have learned about the current use cases of blockchain and be able to implement a blockchain strategy on your own.
Table of Contents (16 chapters)
Title Page

Summary

Hopefully, throughout this chapter, you understood what kind of social and economic concepts blockchain entails. From a modern currency to a digital payment system, we explained how Bitcoin has been playing the role of economic turmoil and how it now threatens some well-established public policies. We covered the main impact that Bitcoin is trying to achieve by giving money access to unbanked people and the technical limits it faces to do so. Eventually, we addressed a bigger challenge that blockchain can foster, the fulfillment of a more collaborative and responsible economy.

In the next chapter, we will stand alongside regulatory bodies and financial authorities to understand how governments and public institutions are facing the technological upheaval brought by blockchain and cryptocurrencies. We will see what legal, tax, and accounting aspects should be taken into...