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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

Challenges and issues

Now that you have every key to carry out a blockchain project, you must be aware of some shortcomings that are usually encountered with traditional blockchain project management and operations that might curb your initiative:

  • Stakeholders' processes vary widely according to the organization and even more according to the industry.
  • Many differences exist between stakeholders' systems for managing operations and running projects.
  • Organizations often use disparate tools between their own departments or services, which does not facilitate traceability and smoothness during implementation. Because these departments usually run operations in silos, there is a lack of a wider approach where the processes would be integrated, transparent, and interoperable.

These issues make data management difficult, increase cost, and extend delays, hence leading to...

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