Book Image

Mastering Blockchain

Book Image

Mastering Blockchain

Overview of this book

Blockchain is a distributed database that enables permanent, transparent, and secure storage of data. The blockchain technology is the backbone of cryptocurrency – in fact, it’s the shared public ledger upon which the entire Bitcoin network relies – and it’s gaining popularity with people who work in finance, government, and the arts. Blockhchain technology uses cryptography to keep data secure. This book gives a detailed description of this leading technology and its implementation in the real world. This book begins with the technical foundations of blockchain, teaching you the fundamentals of cryptography and how it keeps data secure. You will learn about the mechanisms behind cryptocurrencies and how to develop applications using Ethereum, a decentralized virtual machine. You will explore different blockchain solutions and get an exclusive preview into Hyperledger, an upcoming blockchain solution from IBM and the Linux Foundation. You will also be shown how to implement blockchain beyond currencies, scability with blockchain, and the future scope of this fascinating and powerful technology.
Table of Contents (20 chapters)
Mastering Blockchain
Credits
About the Author
About the Reviewer
www.PacktPub.com
Customer Feedback
Preface

Summary


There are many applications of blockchain technology and as discussed in the chapter they can be implemented in various industries to bring about multiple benefits to existing solutions. In this chapter, five main industries that can benefit from blockchain have been discussed. First IoT was discussed, which is another revolutionary technology on its own; and by combining it with the blockchain several fundamental limitations can be addressed, which brings about tremendous benefits to the IoT industry. More focus has been given to IoT as it is the biggest and most ready candidate for adapting blockchain technology. Already, practical use cases and platforms have emerged in the form of Platform as a Service (PaaS) for blockchain-based IoT such as the IBM Watson IoT blockchain. IBM Blue Horizon is also now available for experimentation, which is a decentralized blockchain-based IoT network. Second, applications in the government sector were discussed whereby various government processes...