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

Automation, disintermediation, and self-organization

So far, we have talked only about blockchain itself and how it solves authentication, interoperability, and traceability issues in different business areas. We've only addressed problems where decentralized and distributed databases combined with cryptographic algorithms and consensus protocols could advance value transfer and data sharing in a trustless environment to another level.

We showed that collaboration and coordination between competitors could be improved with a decentralized infrastructure empowered by a blockchain. We will now cover business issues that can be solved with smart contracts. As a reminder, smart contracts are computer programs that execute actions when certain conditions are met. They behave as a virtual person, performing actions under the respective code.

In Chapter 3, Ethereum and...