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

A Technical Dive into Blockchain

Because digital ubiquity raises more and more concern for decision-makers to be able to thrive and adapt their businesses to emerging trends and shifts in consumption habits, new technologies have to be well apprehended. Blockchain, as a matter of fact, is a new enabler that must be understood properly when considering an innovation strategy for your company.

First of all, there are different types of blockchain but the general idea behind them is the same. Mainly, they aim to solve trust issues between strangers willing to exchange value in the digital world. Secondly, even though we can distinguish several kinds of blockchain such as public or semi-private infrastructures (more on that in Chapter 9, Infrastructures and Cloud-Based Solutions), they all integrate similar components.

Throughout this chapter, we will discover how the network...