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

Blockchain in the banking and finance sector

In the banking and finance sector, blockchain was first perceived as a threat when Bitcoin started to gain fame, supported by an active tech community, before realizing that some serious challenges could be advanced through this technology. Consequently, more and more projects were undertaken that led to an evolution of behaviors and spirits, turning the threat into an opportunity. Today, big actors are trying to get involved, sometimes successfully, sometimes for the sole marketing outgrowth, and sometimes for cautiously experimenting positive or negative outcomes.

As I am writing this chapter, other Fortune 500 companies are about to launch their own blockchain project. Nike is launching its cryptocurrency called Cryptokicks although we do not have much information yet about the project, which might focus on collectibles. Facebook...