Book Image

Blockchain for Business 2019

By : Peter Lipovyanov
Book Image

Blockchain for Business 2019

By: Peter Lipovyanov

Overview of this book

Blockchain for Business 2019 is a comprehensive guide that enables you to bring in various blockchain functionalities to extend your existing business models and make correct fully-informed decisions. You will learn how decentralized applications are transforming numerous business sectors that are expected to play a huge role in the future. You will see how large corporations are already implementing blockchain technology now. You will then learn about the various blockchain services, such as Bitcoin, Ethereum, Hyperledger, and others to understand their use cases in a variety of business domains. You will develop a solid fundamental understanding of blockchain architecture. Moving ahead, you will get to grips with the inner workings of blockchain, with detailed explanations of mining, decentralized consensus, cryptography, smart contracts, and many other important concepts. You will delve into a realistic view of the current state of blockchain technology, along with its issues, limitations, and potential solutions that can take it to the next level. By the end of this book, you will all be well versed in the latest innovations and developments in the emerging blockchain space.
Table of Contents (17 chapters)

Sector-specific public blockchains

Let's move on and have a look at a few sector-specific public blockchain projects.

An interesting public blockchain platform in the social media space is Steem. It has an innovative business model, which provides incentives to users to contribute high quality content and to participate on the platform. These incentives come in Steem's native cryptoassets, which are traded on exchanges and have real monetary value. There is a simple rationale for this: quality content increases traffic to the platform, thus bringing in more users. The more users a social media platform has, the more valuable it is. This is called a positive network effect. Therefore, members contributing high quality content or helping to curate content on the platform get their fair share of the value that's created.

The platform itself is a cross between Reddit...