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 economic global picture

There have always been issues regarding trust between people. Using this as context, we created central authorities that can state the truth, and middlemen who can facilitate certain actions. This is part of the social contract: to solve trust issues between one another, there must be rules ensured by entities to which people must give up part of their freedom.

In most democracies, powers in the state are separated from centralized entities that govern the citizens: judicial, executive, and legislative. Each one has control over the other to avoid the abuse of power. But that is sometimes not enough to avoid wrongdoings or mistakes and keep the system entirely power balanced.

So, how can we achieve trust between individuals without trusted third parties?

Bitcoin provided the first answer in 2008 but the story dates back to before our era, 3,600...