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Blockchain for Decision Makers

Blockchain for Decision Makers

By : Romain Tormen
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Blockchain for Decision Makers

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 (15 chapters)
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Section 1: A First Step into Blockchain and an Exciting World
6
Section 2: Blockchain in Practice, Insights, and Achievements
11
Section 3: Blockchain for Business Leaders

Key takeaway

As a decision maker, if you are willing to launch a blockchain project, the choice of the infrastructure has to be carefully examined. Of course, you can develop your own blockchain from scratch, but that would take much more time and many more resources than using an already existing infrastructure. Ethereum, Bitcoin, and other public blockchains are sometimes successful enough depending on your needs. But to unlock certain industrial issues encountered in the business world, you might consider using another solution. 

Between Corda, Quorum, Hyperledger, and Aergo, the choice is quite hard. They are all enterprise-ready and open source, supported by growing communities of developers and organizations. Each solution was created to build on-purpose permissioned blockchains as an alternative to slow and hard-to-scale public infrastructures. The few differences...

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