Understand how blockchain works and explore a variety of strategies to implement it in your organization effectively

Key Features

• Become familiar with business challenges faced by companies when using blockchain
• Discover how companies implement blockchain to monetize and secure their data
• Study real-world examples to understand blockchain and its use in organizations

Book Description

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.

What you will learn

• Become well-versed with how blockchain works
• Understand the difference between blockchain and Bitcoin
• Learn how blockchain is being used in different industry verticals such as finance and retail
• Delve into the technological and organizational challenges of implementing blockchain
• Explore the possibilities that blockchain can unlock for decision makers
• Choose a blockchain framework best suited for your projects from options such as Ethereum and Hyperledger Fabric

Who this book is for

This book is for CXOs, business professionals, organization leaders, decision makers, technology enthusiasts, and managers who wish to understand how blockchain is implemented in different organizations, its impact, and how it can be customized according to business needs. Prior experience with blockchain is not required.