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You're reading from  Blockchain for Decision Makers

Product typeBook
Published inSep 2019
Publisher
ISBN-139781838552275
Edition1st Edition
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Romain Tormen
Romain Tormen
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Romain Tormen

Romain Tormen is a senior consultant for PwC, a worldwide consulting firm. He has experienced digital transformation within several industries and different business units. Specialized in emerging technologies, he promotes to his clients the use of blockchain for better transaction security, transparency, disintermediation, and third-parties authentication. As a contributing writer for one of the most-read tech-oriented website hackernoon, Romain gives business insights and provides use-cases for a broad range of industries.
Read more about Romain Tormen

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Cryptography

We talked about cryptography and hash functions in the first chapter where we defined what it was:

It is a mathematical function where, knowing the output, it is almost impossible to find the correct input. But knowing the input of the function, it is very easy to find the correct output. This is made possible because a hash function always returns the same output for the same input.

A hash is a result of a mathematical function that is a transformation applied to an input that generates an output. Y = f(x) is a mathematical function where x is the input and Y is the output.

In mathematical terms, we have the following:

"Knowing Y, it is almost impossible to find x. But knowing x, it is very easy to find Y."

The hash function is essential to make information and transactions secured along the blockchain.

There are basic properties around a hash function...

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Blockchain for Decision Makers
Published in: Sep 2019Publisher: ISBN-13: 9781838552275

Author (1)

author image
Romain Tormen

Romain Tormen is a senior consultant for PwC, a worldwide consulting firm. He has experienced digital transformation within several industries and different business units. Specialized in emerging technologies, he promotes to his clients the use of blockchain for better transaction security, transparency, disintermediation, and third-parties authentication. As a contributing writer for one of the most-read tech-oriented website hackernoon, Romain gives business insights and provides use-cases for a broad range of industries.
Read more about Romain Tormen