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

Emerging trends


Blockchain technology is under rapid change and intense development due to deep interest in it by academics and the commercial sector. As the technology is becoming mature, a few trends have started to emerge recently. For example, private blockchains have recently gained quite a lot of attention due to their specific use cases in finance. Also, enterprise blockchains are another new trend that is aiming to develop blockchain solutions that meets enterprise-level efficiency, security, and integration requirements. Some of the trends are listed below and discussed.

Application-specific blockchains (ASBCs)

Currently, an inclination toward ASBCs is noticed, whereby a blockchain or distributed ledger is specifically developed for only one application in mind and is focused on a specific industry, for example, everledger, which is a blockchain that has been developed to be used for providing an immutable tracing history and audit trail for diamonds and other high-value items. This...