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)

Different types of blockchain

The usefulness of blockchain technology comes from its security, immutability, and transparency. All the nodes have access to the updated and verified information stored in the database simultaneously, and at all times. These features enable huge potential financial and industrial applications. Both the private and public sectors can benefit from blockchain technology. The following sections focus extensively on such applications and on the way blockchain can transform industries and businesses around the world.

Before we move on, we should mention that blockchain can be classified broadly into two main categories:

  • Public or permission-less blockchains
  • Private or permissioned blockchains

This can be seen in the following diagram:

This distinction comes down to who owns the network infrastructure. It is similar to the distinction between the internet...