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

What is so revolutionary about ICOs?

ICOs are a true innovation in the traditional venture-funding model. Usually, a project could take months to be financed by investment funds and needs to have already been financed by angel investors, to have conducted strong marketing research, and have shown a real usefulness and need from customers.

Today, for an ICO to take off, all it takes is to write a nice description of a project through a so-called white paper, design a beautiful website, and showcase some drawings or pictures of the product. As simplistic as it sounds, some projects and pre-product start-ups actually raised a significant amount of money without any prototype or demonstration.

Many ICOs are launched every month, reaching new sky-high records in terms of funds raised. According to, a rating and listing website for ICOs, the biggest ICO ever was completed...