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


In conclusion, ICOs are innovative ways to finance a project. They shift the crowdfunding method as we know it today into a decentralized and transparent way of raising money through an unlimited number of investors. Throughout the chapter, we established how effective it is for project leaders seeking leverage to advance the development of their blockchain-based application.

We showed how Ethereum enabled many dApps to be developed and tokens to be issued through their platform, increasing the democratization of ICOs. Also, we mentioned the story of the DAO, a groundbreaking practice to run an investment fund between individuals in a decentralized manner, which unfortunately suffered a massive hack during its ICO and attracted the attention of the US SEC and other financial authorities.

To this extent, we will touch upon an economic and social overview of blockchain in...