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)

Introduction to corporate blockchains

Corporate blockchains are different from public blockchains such as Bitcoin, Ethereum, and the other projects discussed so far, mainly in one key aspect: access to the network. While in public blockchains, anyone can download some open source software, join the network, and use it, in private blockchains, access to the network is restricted. Corporations, government entities, or other organizations can build their own private blockchains to serve their business or administrative purposes. Such private blockchains are typically more centralized and much closer to a distributed database or ledger in their architecture and functions. This is because they don't need a decentralized trust model like Bitcoin and other public blockchains.

If all blockchain participants are known, and have been pre-approved and vetted, there isn't much need...