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

Laying the groundwork

As of June 2019, we witnessed several initiatives to regulate, define, and frame tokens and blockchains in terms of laws and tax across the globe at different levels of power in the states. It is important to note that every jurisdiction has its own degree of awareness, its own degree of ambition to control the technology and its assets, its own way to gather information, and its own manner to make a decision about the ecosystem. In this fashion, risks and opportunities regarding a project's perimeter will mainly depend on the territory in which it is implemented.

As a decision maker, there are many questions around a blockchain-based project whose answers will mostly depend on external factors such as the jurisdiction and territory, but also on internal factors such as the sector, business size, and target clients. For instance, there is no universal...