Book Image

Blockchain for Decision Makers

By : Romain Tormen
Book Image

Blockchain for Decision Makers

By: Romain Tormen

Overview of this book

In addition to cryptocurrencies, blockchain-based apps are being developed in different industries such as banking, supply chain, and healthcare to achieve digital transformation and enhance user experience. Blockchain is not only about Bitcoin or cryptocurrencies, but also about different technologies such as peer-to-peer networks, consensus mechanisms, and cryptography. These technologies together help sustain trustless environments in which digital value can be transferred between individuals without intermediaries. This book will help you understand the basics of blockchain such as consensus protocols, decentralized applications, and tokenization. You'll focus on how blockchain is used today in different industries and the technological challenges faced while implementing a blockchain strategy. The book also enables you, as a decision maker, to understand blockchain from a technical perspective and evaluate its applicability in your business. Finally, you'll get to grips with blockchain frameworks such as Hyperledger and Quorum and their usability. By the end of this book, you'll have learned about the current use cases of blockchain and be able to implement a blockchain strategy on your own.
Table of Contents (16 chapters)
Title Page

Defining Your Needs

According to IBM, C-suite executives tend to be very cautious toward disruptive business technologies, mainly because they trigger a much cheaper and faster market entrance for new companies, hence strengthening competition. On the other hand, it is no secret that many businesses collapse due to their inadaptability to meet evolving demands, especially in the digital age. In the latest PwC CEO Survey (https://www.pwc.com/gx/en/ceo-survey/2019/report/pwc-22nd-annual-global-ceo-survey.pdf), 28% of businesses have rated speed of technological change as an extremely concerning threat. Often, these traditional companies occult the fact that digitalization has quickly shifted the way products and services are consumed and struggle to leverage new technology to answer new consumption behaviors from clients and prospects. Blockchain is not going to make it easier...