Optimizing Blockchains with Naive Bayes

In this three-part chapter, we will use blockchains to optimize a supply chain using naive Bayes. To achieve this goal, we will first start by understanding how a blockchain is generated using cryptocurrency as an example.

Blockchains have entered corporations and are here to stay. Hundreds of major corporations have implemented IBM Hyperledger. Suppliers of these corporations will gradually join the network. Corporate blockchains will provide work for many years to come thanks to the millions of lines of code to update with new features and maintain.

Mining cryptocurrency represents the most known use of blockchains. Cryptocurrencies are growing around the world. This chapter starts by explaining how the mining aspect of blockchains works, using bitcoins as an example.

We will then move on and analyze how to use blockchains for a different purpose than generating cryptocurrency. Corporations use blockchains to record...