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

Increasing investment in blockchain

Usually, one indicator that economists like to quote to underline the expansion of an innovation is the amount of investment made over a certain period. As of June 2019, the total market capitalization of all cryptocurrencies was $320 billion ( and more than 1,200 projects were financed through ICOs for a total amount of $7.8 billion in 2018 (

In comparison, global venture capital funding reached $250 billion ( that same year, of which more than $4 billion was allocated to blockchain start-ups. That is, 1.6% of the total venture capital funding was dedicated to blockchain start-ups, a fourfold increase compared to 2017, where they had raised a total of $1 billion.

2017 was actually the year...