Blockchain And Distributed Ledger Technology Use Cases

Blockchain and other trustless systems have gone from being relatively obscure technologies, which were only known to a small community of computer scientists and cryptologists, to mainstream phenomena that are now considered powerful game changers for many industries. This book explores and assesses real-world use cases and case studies on blockchain and related technologies. The studies describe the respective applications and address how these technologies have been deployed, the rationale behind their application, and finally, their outcomes. The book shares a wealth of experiences and lessons learned regarding financial markets, energy, SCM, healthcare, law and compliance. Given its scope, it is chiefly intended for academics and practitioners who want to learn more about blockchain applications.

Blockchain is the popular name given to the exciting, evolving world of distributed ledger technology (DLT). Blockchains offer equitable and secure access to data, as well as transparency and immutability. Organisations can decide to use blockchain to upgrade whatever ledgers they are currently deploying (for example, relational databases, spreadsheets and cumbersome operating models) for their data and technology stack in terms of books and records, transactions, storage, production services and in many other areas. This book describes the applied use of blockchain technology in the enterprise world. Written by two expert practitioners in the field, the book is in two main parts: (1) an introduction to the history of, and a critical context explainer about, the emergence of blockchain written in natural language and providing a tour of the features, functionality and challenges of blockchain and DLT; and (2) a series of six applied organisational use cases in (i) trade finance, (ii) healthcare, (iii) retail savings & investments, (iv) real estate, (v) central bank digital currencies (CBDC) and (vi) fund management that offer the reader a straightforward, easy-to-read comparison between 'old world' technology (such as platforms, people and processes) versus what blockchain ledgers offer to enterprises and organisations in terms of improved efficiency, performance, security and access to business data. Blockchain is sometimes tainted by association to Bitcoin, Onecoin and others. But as cryptocurrencies and stock markets continue to rise and fall with volatility and the world economy emerges changed by coronavirus, working from home and the threat of inflation, many enterprises, organisations and governments are looking again at the powerful features of blockchain and wondering how DLT may help them adapt. This book is an ideal introduction to the practical and applied nature of blockchain and DLT solutions for business executives, business students, managers, C-suite senior leaders, software architects and policy makers and sets out, clearly and professionally, the benefits and challenges of the actual business applications of blockchain.

Blockchain technology presents numerous advantages that include increased transparency, reduced transaction costs, faster transaction settlement, automation of information, increased traceability, improved customer experience, improved digital identity, better cyber security, and user-controlled networks. These potential applications are widespread and diverse including funds transfer, smart contracts, e-voting, efficient supply chain, and more in nearly every sector of society including finance, healthcare, law, trade, real estate, and other important areas. However, there are challenges and limitations that exist such as high energy consumption, limited scalability, complexity, security, network size, lack of regulations, and other critical issues. Nevertheless, blockchain is an attractive technology and has much to offer to the modern-day industry. Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector investigates blockchain technology’s adoption and effectiveness in multiple industries and for the internet of things (IoT)-based applications, presents use cases from industrial and financial sectors as well as from other transaction-based services, and fills a gap in this respect by extending the existing body of knowledge in the suggested field. While highlighting topics such as cybersecurity, use cases, and models for blockchain implementation, this book is ideal for business managers, financial accountants, practitioners, researchers, academicians, and students interested in blockchain technology’s role and implementation in IoT and the financial sector.

This book discusses applications of blockchain in healthcare sector. The security of confidential and sensitive data is of utmost importance in healthcare industry. The introduction of blockchain methods in an effective manner will bring secure transactions in a peer-to-peer network. The book also covers gaps of the current available books/literature available for use cases of Distributed Ledger Technology (DLT) in healthcare. The information and applications discussed in the book are immensely helpful for researchers, database professionals, and practitioners. The book also discusses protocols, standards, and government regulations which are very useful for policymakers. /div /div /div /div /div /div /div /div /div /div /div /div /div /div /div /div /div /div /div /div /div /div /div

Blockchain is a technology that tends to be misunderstood by managers that need to make technology acquisition decisions. This book will provide readers with a basic understanding of blockchain and distributed ledger technology (DLT), the technologies that underpin it, and the technologies DLT is built upon. The book is purposefully not a book on how to code or explore other technical aspects of blockchain (other than the fundamentals). Rather, it provides managers with the basic understanding of the architectures and consensus algorithms, how they work, the design trade-offs of each architecture type, and what problems and use cases the core characteristics of DLT are best suited to solve ─ providing business managers with the core information they need to ask the right questions of vendors when making business value assessments and acquisition decisions.

This book intersects the distributed ledger technology (DLT) community with the international security community. Given the increasing application of blockchain technology in the fields of business and international development, there is a growing body of study on other use cases. For instance, can blockchain have a significant role in preserving and improving international security? This book explores this question in the context of preventing the proliferation of some of the most dangerous materials in the world—items that if not secured can lend to the development of weapons of mass destruction. It considers how blockchain can increase efficiencies in the global trade of nuclear and chemical materials and technology, thereby increasing assurances related to compliance with international nonproliferation and disarmament treaties.

"Blockchain - A Scientific Exploration of This Distributed Ledger Technology" provides a comprehensive and in-depth analysis of blockchain technology, its applications, and the underlying scientific principles. This book delves into the technical aspects, real-world use cases, and implications of blockchain across various industries, offering readers a solid understanding of this transformative technology. From the fundamentals to advanced concepts, this scientific exploration equips readers with the knowledge to harness the power of blockchain and navigate its potential impact on the future of decentralized systems.

Step-by-step guide to understand the business implementation of Hyperledger Fabric Key features Learn the basics of blockchain and Distributed Ledger Technology from a business and enterprise perspective Understand the advantages of Hyperledger Fabric and get acquainted with its architecture and tools used Acquire skills to create, deploy and interact with Chaincode in Node.js Learn to set up a new Hyperledger Fabric network Demystify Chaincode, in Fabric, for developers and operators Develop knowledge to invoke Chaincode from Fabric SDK and create APIs Get acquainted with the production environment for Fabric business networks DescriptionIn 2016, enterprise "e;blockchain"e; was a new concept. There were very few players in the private permissioned blockchain space. The advent of Hyperledger Fabric has since brought its tech in front of the likes of multi-national companies across various sectors like banking, insurance, retail, and more. Corporations and startups, across the globe, have started moving towards Hyperledger Fabric to find new use cases to support business requirements efficiently. As a result, relevant technical expertise and knowledge is required to build and support solutions on Hyperledger Fabric. This book aims to equip you with enough knowledge of enterprise blockchain platforms in conjunction with skills to use Fabric in order to succeed in the role of a Blockchain developer or Subject Matter Expert.The book starts with a brief introduction to the world of blockchain. The book will cover all aspects of fabric ranging from network setup, to use case deployment and testing. Several examples have been covered in this book which will provide you a hands-on understanding of the subject. You will also learn to use the basic functions, libraries and packages required in a Fabric business network deployment.What will you learnThis book will help the reader learn techniques for developing enterprise applications using Hyperledger Fabric. It will also help understand why blockchain is being regarded as a game changing technology within the business world. Reader will learn to deploy Fabric based business networks and chaincodes, and will come across case studies to put their knowledge to practice and solve real-life business problems using Hyperledger Fabric. Who this book is forThe book is intended for anyone looking for a career in blockchain, all aspiring Hyperledger Fabric SMEs who want to learn the most powerful innovation of the current time or working professionals who want to switch their career to blockchain by using Hyperledger Fabric - one of the most commonly used business platforms for blockchain. While no prior knowledge of Blockchain or Fabric is assumed, it will be helpful to have some programming experience.Table of contents1. Blockchain and Decentralization2. Introduction to Hyperledger and Composer3. Basics of Hyperledger Fabric4. Frameworks, Network Topologies and Modelling5. Chaincode in Hyperledger Fabric6. Fabric SDK: Interaction with Fabric Network7. Fabric SDK: Building End-to-End Application with Fabric Network8. Fabric in ProductionAbout the authorNakul Shah is the Founder and Director of Sate Development - India's leading Blockchain Company. He is a regular speaker at conferences across the globe, on topics like Blockchain, Hyperledger and Distributed Ledger Technology. As a longtime creative thought leader in financial markets, technology and innovation, he has worked with startups and multinationals across the world. Nakul has multiple years of experience in research, development and deployment of solutions using Blockchain Technology. Besides creating enterprise solutions, he also provides training, consultancy and development services, helping clients de-mystify the technology and understand how organizations can leverage its key features. Nakul has conducted lectures for banks, universities and governments, on various topics covering platforms and use cases of blockchain.Nakul has played a significant role in the adoption and application of technology. He started his career at State Street Corporation in Boston, which is one of the biggest and oldest providers of mutual fund, pension processing and asset custody services. He used advanced statistical and technical tools in the field of socially responsible investment. He also served as a Product Specialist for the wealth management team at Charles River Development. While executing independent consulting assignments, he has advised a leading sustainability firm that helps Fortune500 companies. Nakul holds a Master's degree in Financial Engineering from The University of Michigan Ann Arbor, USA.His LinkedIn Profile: linkedin.com/in/nakul-s-shah