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

In this chapter, we started by understanding why, as a decision maker, it is important to take regulatory frameworks into consideration when launching a blockchain project, especially since 2017's hype that aroused public authorities' attention. Legal questions need to be addressed as there is more and more concerns from regulatory bodies towards blockchain. We established legal definitions on blockchain's terminology and neologism in order to fundamentally grasp what cryptoassets, cryptocurrencies, and tokens are in the eyes of the law. We ended this chapter by looking at the different initiatives that have been taken worldwide in terms of legality and accounting. 

Now that you have technical, economic, and legal knowledge about blockchain and cryptoassets, in the next chapter, we'll dive into the business world to discover what applications...