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

Threats and risks in the ecosystem

Despite the tremendous amounts spent to experiment with blockchain, few proof of concepts have been turned into pilots and even fewer into industrialized solutions. These many failures have left some people skeptical and assuming that the technology is not suitable for broad market applicability, as it only answers specific needs.

Most critics deplore the use of blockchain solely for marketing purposes, increasing the value of a brand by showing shareholders and customers the firm's ability to innovate. Misjudged expenses, difficulty-to-estimate profitability, and the impeding of stable revenue streams are also arguments pointed out by detractors, as well as the complications in developing scaled-up solutions.

Lots of technical challenges such as scalability and user-friendliness still have to be overcome as the technology gains popularity...