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You're reading from  Blockchain for Business 2019

Product typeBook
Published inJan 2019
Reading LevelIntermediate
Publisher
ISBN-139781789956023
Edition1st Edition
Languages
Solidity
Tools
Ethereum
Concepts
Blockchain
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Author (1)
Peter Lipovyanov
Peter Lipovyanov
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Peter Lipovyanov

Peter Lipovyanov is an experienced investment banker and venture investor currently focusing on blockchain projects and crypto-assets. A firm believer in the potential of blockchain technology to change the world for the better by facilitating financial inclusion across the globe and improving the efficiency of financial markets and other sectors of the economy, he has been involved in several promising blockchain projects building decentralized applications. His passion for education also led him to create a bestseller online course about the fundamental principles of blockchain technology and its business applications, which is the basis for this book.
Read more about Peter Lipovyanov

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Bitcoin as an application platform

There is another way we can look at Bitcoin—as an application platform.

The key features of the Bitcoin blockchain, such as programmability, transparency, immutability, integrity, accountability, auditability, decentralized consensus, timestamping, security, direct peer-to-peer interaction, and its open source nature, among others, can enable a large range of applications beyond payments.

Bitcoin was originally designed as a payment system, but the baseline technologies that power it and its architecture open up much broader use cases. Its building blocks are not accounts, balances, payments, and wallets. This is rather a user-friendly application interface. In a similar way, other use cases and applications can be built on the Bitcoin blockchain.

Let's have a look at a few examples.

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Blockchain for Business 2019
Published in: Jan 2019Publisher: ISBN-13: 9781789956023
© 2019 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Peter Lipovyanov

Peter Lipovyanov is an experienced investment banker and venture investor currently focusing on blockchain projects and crypto-assets. A firm believer in the potential of blockchain technology to change the world for the better by facilitating financial inclusion across the globe and improving the efficiency of financial markets and other sectors of the economy, he has been involved in several promising blockchain projects building decentralized applications. His passion for education also led him to create a bestseller online course about the fundamental principles of blockchain technology and its business applications, which is the basis for this book.
Read more about Peter Lipovyanov

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