Essentials Of Blockchain Technology

Blockchain technologies, as an emerging distributed architecture and computing paradigm, have accelerated the development/application of the Cloud/GPU/Edge Computing, Artificial Intelligence, cyber physical systems, social networking, crowdsourcing and crowdsensing, 5G, trust management, and finance. The popularity and rapid development of Blockchain brings many technical and regulatory challenges for research and academic communities. This book will feature contributions from experts on topics related to performance, benchmarking, durability, robustness, as well data gathering and management, algorithms, analytics techniques for transactions processing, and implementation of applications.

Blockchain is an emerging technology that can radically improve transactions security at banking, supply chain, and other transaction networks. It’s estimated that Blockchain will generate $3.1 trillion in new business value by 2030. Essentially, it provides the basis for a dynamic distributed ledger that can be applied to save time when recording transactions between parties, remove costs associated with intermediaries, and reduce risks of fraud and tampering. This book explores the fundamentals and applications of Blockchain technology. Readers will learn about the decentralized peer-to-peer network, distributed ledger, and the trust model that defines Blockchain technology. They will also be introduced to the basic components of Blockchain (transaction, block, block header, and the chain), its operations (hashing, verification, validation, and consensus model), underlying algorithms, and essentials of trust (hard fork and soft fork). Private and public Blockchain networks similar to Bitcoin and Ethereum will be introduced, as will concepts of Smart Contracts, Proof of Work and Proof of Stack, and cryptocurrency including Facebook’s Libra will be elucidated. Also, the book will address the relationship between Blockchain technology, Internet of Things (IoT), Artificial Intelligence (AI), Cybersecurity, Digital Transformation and Quantum Computing.Readers will understand the inner workings and applications of this disruptive technology and its potential impact on all aspects of the business world and society. A look at the future trends of Blockchain Technology will be presented in the book.

Blockchain is a technology that has attracted the attention of all types of businesses. Cryptocurrency such as Bitcoin has gained the most attention, but now companies are applying Blockchain technology to develop solutions improving traditional applications and securing all types of transactions. Robust and innovative, this technology is being combined with other well-known technologies including Cloud Computing, Big Data, and IoT to revolutionize outcomes in all verticals. Unlike books focused on financial applications, Essential Enterprise Blockchain Concepts and Applications is for researchers and practitioners who are looking for secure, viable, low-cost, and workable applications to solve a broad range of business problems. The book presents research that rethinks how to incorporate Blockchain with existing technology. Chapters cover various applications based on Blockchain technology including: Digital voting Smart contracts Supply chain management Internet security Logistics management Identity management Securing medical devices Asset management Blockchain plays a significant role in providing security for data operations. It defines how trusted transactions can be carried out and addresses Internet vulnerability problems. Blockchain solves the security fault line between AI and IoT in smart systems as well as in other systems using devices connected to each other through public networks. Linear and permanent indexed records are maintained by Blockchain to face the vulnerability issues in a wide variety applications. In addition to applications, the book also covers consensus algorithms and protocols and performance of Blockchain algorithms.

Blockchain is the term that is used to refer to a combination of Cryptocurrency transactions. Cryptocurrency is the general term that can be used to define the digital cash that has not fully come under government regulations. The idea of cryptocurrency is that they are managed by their creators and secured by various mechanisms. Blockchain or the Ledger will contain all the transactions that are done between the users of the currency. This approach was born during the release of Bitcoin in the year 2008 and has become more efficient since them. The process of Blockchain utilizes blocks and each block will contain information on the transactions and will be connected to the previous blocks. This block is all connected to the previous block and this results in a chain that is created with the order of the transactions. This book will focus on the elements of Blockchain technology and educate the user on what it is and explain some of the terms associated with it.

Blockchain technologies, as an emerging distributed architecture and computing paradigm, have accelerated the development/application of the Cloud/GPU/Edge Computing, Artificial Intelligence, cyber physical systems, social networking, crowdsourcing and crowdsensing, 5G, trust management, and finance. The popularity and rapid development of Blockchain brings many technical and regulatory challenges for research and academic communities. This book will feature contributions from experts on topics related to performance, benchmarking, durability, robustness, as well data gathering and management, algorithms, analytics techniques for transactions processing, and implementation of applications.

Blockchain technology is revolutionary, it has potential to transform businesses and economies. Its peer-to-peer decentralized transaction model will challenge and disrupt business models. Here are some predictions for the Blockchain Technology: As per Gartner "Blockchain's business value-add will grow to over $360 billion by 2026 and will reach $3.1 trillion by 2030." Cisco published a report about Blockchain and revealed that the technology has the potential to store more than 10% of the globe's total gross domestic product (GDP) by the year 2027. As per Garter, Blockchain will support the global movement and tracking of $2T of goods and services annually by 2023 By 2025, most Countries will issue digital currency.I foresee a future where every individual will have a Blockchain based identity by 2030, this will be like a super social security number that can be used all across the world. Considering the potential of the technology, it's imperative for companies and managers to get familiar with the Blockchain technology and comprehend how they can leverage it to transform their business operations. Book is suitable for both Business & Technical managers. It provides broad coverage of the Blockchain technology and Cryptocurrency. It provides insights into Blockchain features, Business Use Cases, Smart Contracts and its utility, Mining, Consensus, Public & Enterprise Blockchains and Cryptocurrency essentials.

This book presents a detailed exploration of adaption and implementation, as well as a 360-degree view spectrum of blockchain technologies in real-world business applications. Blockchain is gaining momentum in all sectors. This book offers a collection of protocol standards, issues, security improvements, applicability, features, and types of cryptocurrency in processing and through 5G technology. The book covers the evolution of blockchain from fundamental theories to present forms. It offers diversified business applications with usable case studies and provides successful implementations in cloud/edge computing, smart city, and IoT. The book emphasizes the advances and cutting-edge technologies along with the different tools and platforms. The primary audience for this book includes industry experts, researchers, graduates and under graduates, practitioners, and business managers who are engaged in blockchain and IoT-related technologies.

Blockchain technology has come a long way since the initial vision published by Satoshi Nakamoto in 2008. Big buzz words like "bitcoin," "blockchain," and "cryptocurrency" are everywhere. Companies and governments have started to use blockchain technology in earnest and will increasingly do so for the foreseeable future. This book takes an in-depth look at blockchain technology and how users can take advantage of its potential. Since its initial conception, blockchain has encompassed both a social promise and new technology. Originally proposed as a solution for Bitcoin's cryptocurrency record-keeping system, blockchains are now used to store the records of all types of applications. Core services we all depend on like the transfer of money, voting, land records, IP rights, and identity all rely on intermediaries. Blockchain software has begun taking the place of these antiquated systems. The software becomes the trusted record-keeping system, and the rules programed into the software become the intermediaries. This book explains the fundamentals of blockchain technology and assumes that the reader has little to no knowledge of the subject. Topics are explained as simply as possible, while not obscuring details that may affect the reader. It also gives the reader insight into the critical differences in blockchain software and will provide them with a basic understanding of how and why these systems work. After reading this book, the reader will be able to speak with confidence on the topic, know key differences in technology. The reader will also have critical insight into blockchain software's inherent limitations and shortcomings. This book is also the definitive guide to the Blockchain Technology Foundation (BTF) exam from EXIN. It will prepare the reader for the test, and each chapter ends with review questions for extra guidance in preparing for the exam.