Book Image

Mastering Blockchain - Fourth Edition

By : Imran Bashir
5 (3)
Book Image

Mastering Blockchain - Fourth Edition

5 (3)
By: Imran Bashir

Overview of this book

Blockchain is the backbone of cryptocurrencies, it has had a massive impact in many sectors, including finance, supply chains, healthcare, government, and media. It’s also being used for cutting edge technologies such as AI and IoT. This new edition is thoroughly revised to offer a practical approach to using Ethereum, Hyperledger, Fabric, and Corda with step-by-step tutorials and real-world use-cases to help you understand everything you need to know about blockchain development and implementation. With new chapters on Decentralized Finance and solving privacy, identity, and security issues, as well as bonus online content exploring alternative blockchains, this is an unmissable read for everyone who wants to gain a deep understanding of blockchain. The book doesn’t shy away from advanced topics and practical expertise, such as decentralized application (DApp) development using smart contracts and oracles, and emerging trends in the blockchain space. Throughout the book, you’ll explore blockchain solutions beyond cryptocurrencies, such as the IoT with blockchain, enterprise blockchains, and tokenization, and gain insight into the future scope of this fascinating and disruptive technology. By the end of this blockchain book, you will have gained a thorough comprehension of the various facets of blockchain and understand the potential of this technology in diverse real-world scenarios.
Table of Contents (24 chapters)
23
Index

Challenges

With all this innovation and evolution, it is clear that the future is Web3 and identity will play a vital role in making the ecosystem a reality and will enable novel use cases that were simply not possible in the web 2.0 world. However, some challenges need to be addressed to further improve the SSI ecosystem:

  • Lost device – What if a device (mobile phone) on which all of a person’s VCs are stored is stolen or left behind on a train? It is actually the same as a physical wallet with paper credentials such as a passport, ID card, etc. being lost. Some effort has been made to alleviate this issue, but a lot needs to be done. How can lost credentials be recovered instead of requesting them again from the issuer? It’s probably quicker, due to their digital nature, to get them issued to you again, but still, if there is a possibility of recovery, it would be a much more user-friendly solution.
  • The transition from web 2.0 to Web3 poses some...