Blockchain technology and applications / Ahmed Banafa
Material type: TextSeries: Security and digital forensicsPublication details: London Routledge 2020Description: 154pISBN:- 9788770221061
- 005.74 BAN-A
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Blockchain is an emerging technology that can radically improve transaction security in 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 essential 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, the Internet of Things (IoT), Artificial Intelligence (AI), Cybersecurity, Digital Transformation and Quantum Computing. Readers will understand this disruptive technology's inner workings and applications 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.
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