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

Blockchain as the missing tool for a collaborative economy

Other challenges are rising for Bitcoin but it has already proven what it is capable of and what issues it is solving. By aiming to provide a digital payment system for the 1.7 billion unbanked people, Bitcoin has shown the world that cryptography, consensus protocol, and decentralized databases are powerful enablers for a paradigm shift rendering the power to the crowd instead of a given central authority or third party.

"We need better cross-border payments … because it's good for development, it's good for financial inclusion, so Bitcoin can help us."
- Benoit Coeure, European Central Bank executive board member in January 2018

In a world where the social, circular, and collaborative economy is flourishing, having a technology that allows anybody to share, trade, pay for, or sell...