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

How much does a blockchain cost?

You probably won't be surprised if I tell you that the price of a blockchain project varies a lot. Depending on what you are willing to achieve, the use of a certain infrastructure over another will range the investments from small to large. For example, the cost of authenticating official documents through a public blockchain will mostly comprise the transaction fees levied by the network to process the transactions, which is not a very expensive blockchain application. Using a public blockchain is sometimes the cheapest solution if we wish to benefit from an already existing infrastructure. Besides the transaction fees, the costs will mostly rely on developing the application on top of it and focusing on user experience.

On the other hand, if you are building an entire network from scratch, like Facebook is doing with their Libra Project...