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)

Bitcoin as an application platform

There is another way we can look at Bitcoin—as an application platform.

The key features of the Bitcoin blockchain, such as programmability, transparency, immutability, integrity, accountability, auditability, decentralized consensus, timestamping, security, direct peer-to-peer interaction, and its open source nature, among others, can enable a large range of applications beyond payments.

Bitcoin was originally designed as a payment system, but the baseline technologies that power it and its architecture open up much broader use cases. Its building blocks are not accounts, balances, payments, and wallets. This is rather a user-friendly application interface. In a similar way, other use cases and applications can be built on the Bitcoin blockchain.

Let's have a look at a few examples.