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Blockchain for Business 2019

You're reading from   Blockchain for Business 2019 A user-friendly introduction to blockchain technology and its business applications

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Product type Paperback
Published in Jan 2019
Publisher
ISBN-13 9781789956023
Length 258 pages
Edition 1st Edition
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Concepts
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Author (1):
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Peter Lipovyanov Peter Lipovyanov
Author Profile Icon Peter Lipovyanov
Peter Lipovyanov
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Table of Contents (17) Chapters Close

Preface 1. Bitcoin, Blockchain, and Cryptoassets 2. A Brief History of Money FREE CHAPTER 3. The Birth of Bitcoin and the Advantages of a Decentralized Payment System 4. Five Forces of Bitcoin - #1 Blockchain 5. Five Forces of Bitcoin - #2 Cryptography 6. Five Forces of Bitcoin - #3 Consensus Algorithm 7. Five Forces of Bitcoin - #4 P2P Network 8. Five Forces of Bitcoin - #5 Software Code Base 9. How Ethereum Took the Idea of Blockchain to the Next Level 10. Ethereum - A Global Platform for Decentralized Applications 11. Blockchains Focused on Specific Sectors and Use Cases 12. Corporate Blockchains 13. The Disruptive Potential of Blockchain Technology 14. Blockchain and AI 15. Current Issues and Potential Solutions to Take Blockchain to the Next Level 16. Other Books You may Enjoy

The first force – blockchain

Finally, we got to the point where we can give a straight answer to the question, which everyone has been asking and which is central to this book—what is blockchain?

Blockchain is a decentralized database, which is distributed over a computer network, with each computer in that network storing an identical copy of the same database filesystem. In the context of financial transactions, this is also referred to as DLT because a ledger is an accounting book or a collection of financial records.

In finance, we use a ledger to record all accounting related to a specific entity. A company's bank account would have a ledger that contains many, many transactions. Every time money comes in, or goes out, a new entry would have to be registered in the ledger. In the same way, a blockchain distributed ledger keeps the same information related...

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