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

Traceability

In April 2019, the world's tenth-largest commercial food retailer, Albertsons (https://stores.org/stores-top-retailers-2018/), announced its involvement in IBM's Food Trust Blockchain to launch a pilot for tracking romaine lettuce, hence joining 79 other brands to the consortium such as Walmart, Nestle, and Unilever. The IBM Food Trust Blockchain is a modular and collaborative network solution gathering economic actors and aiming to tackle major problems within the commercial food chain, such as being able to identify the origin of dodgy products, the primary source of diseases and sanitary scandals, and enabling removal of infected products from retailers' stores without clearing the whole supply chain.

In the food industry, focus on safety is a priority and the traceability of a product has become paramount. In this context, many food producers, suppliers...