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


The EVM is like Windows or macOS, an operating system reading and understanding programs written in Ethereum's specific language: Solidity. It is a Turing-complete software that enables anyone to run any program, making the process of creating blockchain-based applications much easier and more efficient than ever before.

That is why there are thousands of different applications running on Ethereum's blockchain, because you do not have to write an entirely new language to be able to build an application.

A Turing-complete machine is a concept of a machine that can calculate anything if it has unlimited memory available. Actual computers have to operate on limited memory, therefore they cannot be called Turing-complete. The Ethereum blockchain, on the other hand, is a distributed Turing-complete program.

Say you want to create a new coin that would be used only...