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)

Private blockchains for business

This will conclude our overview of industrial private blockchain projects. To recap, in the previous sections, we presented three leading initiatives for developing and promoting enterprise-grade blockchain technology for industrial use: R3, Hyperledger, and EEA. Each has its own community of members, developers, and other contributors, and they all have their own version of foundational blockchain technology serving as a basis for further ecosystem development, as shown in the following diagram:

The premise, upon which Hyperledger Fabric, R3 Corda, and other private permissioned blockchain projects build upon, is that enterprise-grade blockchain solutions will operate in a trusted environment. This is due to the nature of how businesses tend to operate in the real world with known and endorsed partners. This premise has implications on the architecture...