Название: Introduction to Blockchain with Case Studies
Автор: Zeeshan-ul-hassan Usmani
Издательство: Gufhtugu Publishers
Год: 2018
Страниц: 150
Язык: английский
Формат: epub, azw3
Размер: 10.45 MB

Introduction to Blockchain has been specifically written for busy C-Level executives to introduce the world of distributed ledger technology, its disruptive impact on financial and centralized systems and massive global applications. This book is suitable for senior manager and decision makers who like to go beyond the hype and navigate the underlying technology powering blockchain and crypto assets. This introductory book will empower business executives to identify and learn various blockchain applications, business models, opportunities and risks.

Blockchain, Crypto-Currencies, Ethereum, Smart Contracts and ICOs have become the most frequently used words in computer science, FinTech and investment circles these days. Everyone likes to have skin in the game — to invest, earn/lose, re-invest and become a millionaire before anyone else would know it. Blockchain is doing to startups & businesses (in general) and FinTech (in particular) what Email has done to post-office mails, mobile phones to landlines, Netflix to Blockbusters, Amazon to RadioShack, and what Digital pictures have done to Kodak. It is the era of blockchain and distributed ledger technology — it is not the question of if and when you will realize it, it is how much you lose while taking the time to come to that realization.

There is a lot of confusion and misrepresentation out there when it comes to defining the blockchain. Here is my very brief and simple blockchain definition that almost everyone can agree upon:
“Blockchain is a peer-to-peer, decentralized, distributed ledger that permanently and chronologically records and guarantees an immutable, unalterable, trustworthy transaction (of money or any valuable asset) in a trust-less environment through consensus protocol secured by cryptography with economically incentivized participation.”

Blockchain is an immutable, open, secure, and transparent shared ledger that anyone can voluntarily join and leave at will. It has two broad types: Public (with open participation incentivized and punished by consensus protocol) and Private (with a consortium or private businesses’ vetted membership and enforcement of laws and regulations in place). Compared to centralized structures, blockchain saves time, removes cost, reduces risk and increases trust.