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

Summary

As we saw in this chapter, in the coming years, it is most likely that blockchain will gain more and more consideration, hopefully gaining in maturity and recognition from governments and business leaders. Promising use cases will continue to emerge, eventually turning more and more into industrialized and user-friendly solutions. We also saw that funding will rise in importance, mostly thanks to new financing methods such as security token offerings (STOs), bringing the tokenization of financial securities to the next level. In contrast, we highlighted the emerging technologies such as quantum computing that could threaten blockchains supported by proof-of-work mechanisms, and other threats such as scalability and speed, which could handicap proper development of the technology.

In the next chapter, we will explain why we sometimes talk about a private, semi-private...