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

Summary

Throughout this chapter, we've underlined that identifying and understanding the business problem is the key to solving it because it's the best starting point on which to build a successful solution. We showed that, sometimes, blockchain was not appropriate because the solution didn't involve criteria that was mandatory when choosing blockchain, such as the need to store information or the alignment of participants' interests. But when blockchain stands as a suitable solution, many diverse assessments, requirements, and topics must be addressed. Among them is the return on investment, the regulatory constraints, or the acceptance level of the teams to change. Besides these open points, we tried to answer a difficult but necessary question regarding the cost of a blockchain, which, in the end, can be considered a regular IT project including specific...