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

A plausible shift for governments

Since Facebook's announcement of the Libra project in June 2019, it is most likely that developed nations will create some kind of a digital currency. Do not get confused, a cryptocurrency is a digital currency, but a digital currency is not necessarily a cryptocurrency.

On the scale of a country, the choice of a centralized or decentralized digital currency will depend on the infrastructure and governance on which it is based. Nations witnessing unstable economies and relying on weak institutions will probably be the first to experiment and explore decentralized digital currencies stimulated by political concerns rather than technological ones. Decentralized digital currencies (cryptocurrencies) can become a powerful tool to overcome monetary challenges.

Just like Facebook, countries will enter the ecosystem through the cryptocurrency&apos...