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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

Ethereum and Smart Contracts

Ethereum is one of the most prominent projects in the blockchain ecosystem. It was officially launched in July 2015 in order to overcome some of Bitcoin's major limitation. A new programming language was created to enable the development of much more sophisticated operations than those used in Bitcoin. The goal of Ethereum is to allow the creation of decentralized applications (dApps) upon its infrastructure with the help of a unit of account called Ether, facilitating the developer's job by solely focusing on the service rather than the protocol. Ethereum was the first platform to introduce new concepts such as smart contracts and dApps, which brought to blockchain technology more user-friendliness and, of course, more applications for the end users than a sole cryptocurrency such as Bitcoin. One could now develop from scratch a new...

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