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.

Preface

Who this book is for

What this book covers

To get the most out of this book

Free Chapter

Bitcoin, Blockchain, and Cryptoassets

Bitcoin, Blockchain, and Cryptoassets

An introduction to blockchain

Key features of blockchain

Impacts of blockchain

Impacts of blockchain on the internet

A Brief History of Money

A Brief History of Money

An introduction to money

Money – an abstraction of value

An introduction to fiat currencies

What happens when fiat currency systems fail

How blockchain comes into the picture

The Birth of Bitcoin and the Advantages of a Decentralized Payment System

The Birth of Bitcoin and the Advantages of a Decentralized Payment System

How Bitcoin came into existence

Projects leading up to Bitcoin

An introduction to Bitcoin

How traditional payment systems work

Five Forces of Bitcoin - #1 Blockchain

Five Forces of Bitcoin - #1 Blockchain

Introduction to Bitcoin's five forces

The first force – blockchain

Different types of blockchain

Five Forces of Bitcoin - #2 Cryptography

Five Forces of Bitcoin - #2 Cryptography

Introduction to cryptography

Types of cryptography

Digital signatures

Five Forces of Bitcoin - #3 Consensus Algorithm

Five Forces of Bitcoin - #3 Consensus Algorithm

The Byzantine Generals' Problem

The Proof-of-Work consensus algorithm

Decentralized consensus and game theory

Five Forces of Bitcoin - #4 P2P Network

Five Forces of Bitcoin - #4 P2P Network

Introduction to P2P networks

Nodes of the Bitcoin network

The Bitcoin P2P network

Five Forces of Bitcoin - #5 Software Code Base

Five Forces of Bitcoin - #5 Software Code Base

Introduction to Bitcoin's software code case

Bitcoin's scripting language

Bitcoin as an application platform

How Ethereum Took the Idea of Blockchain to the Next Level

How Ethereum Took the Idea of Blockchain to the Next Level

Introduction to Ethereum

How Ethereum came into existence

Understanding Ethereum

The Ethereum Virtual Machine

Ethereum - A Global Platform for Decentralized Applications

Ethereum - A Global Platform for Decentralized Applications

Decentralized applications based on Ethereum

Ethereum and initial coin offerings

Decentralized autonomous organizations

Blockchains Focused on Specific Sectors and Use Cases

Blockchains Focused on Specific Sectors and Use Cases

The different categories of blockchain

Sector-specific public blockchains

Private blockchains

Corporate Blockchains

Corporate Blockchains

Introduction to corporate blockchains

Enterprise Ethereum Alliance

Private blockchains for business

The Disruptive Potential of Blockchain Technology

The Disruptive Potential of Blockchain Technology

Blockchain and financial services

Trade finance on the blockchain

Blockchain and insurance

Investment banking and blockchain

Blockchain and financial regulation

Blockchain and the retail sector

Blockchain and intellectual property

Blockchain and the food sector

Blockchain and the transportation sector

Blockchain and the global tech giants

Blockchain and AI

Blockchain and AI

A brief history of AI

Implementing AI

Projects combining blockchain and AI

Future of AI for smart contracts

Current Issues and Potential Solutions to Take Blockchain to the Next Level

Current Issues and Potential Solutions to Take Blockchain to the Next Level

Issues faced by blockchain

Solutions for scalability issues

On-chain solutions

Off-chain solutions

Solutions to other challenges

Next generation blockchain projects

The exciting world of blockchain

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Enterprise Ethereum Alliance

In March 2017, various blockchain startups, research groups, and Fortune 500 companies announced the creation of the Enterprise Ethereum Alliance (EEA) with 30 founding members. It aims to customize Ethereum for industry players, and thus boost industrial enterprise blockchain solutions using the open source public Ethereum technology.

In 2018, the alliance has grown to over 200 members, making it the largest open source blockchain initiative in the world. Prominent members include established industry leaders across many sectors of the global economy, such as Microsoft, Intel, Samsung, Cisco, Hewlett Packard, Mastercard, JPMorgan, UBS, Credit Suisse, Banco Santander, BNY Mellon, British Petroleum, Shell, Pfizer, Merck, Deloitte, Accenture, Thomson Reuters, and Toyota, as well as emerging leaders in the new blockchain industry, such as ConsenSys and...